Audax Private Debt Provides Financing to Support Crestview Partners’ Continued Investment in Modern Wealth
NEW YORK – Audax Private Debt announced that, as Joint Lead Arranger, it provided an incremental senior secured credit facility to support the continued investment in Modern Wealth Management (“Modern Wealth” or the “Company”) by Crestview Partners, a New York-based private equity firm.
With offices across the United States, Modern Wealth Management is a financial advisory firm serving high-net-worth individuals and families. Co-founded by former United Capital executives Gary Roth, Mike Capelle, and Jason Gordo, Modern Wealth provides a full suite of wealth management services including financial planning, tax planning and preparation, estate planning, and related advisory services. Through organic and acquired growth, the Company continues to execute its strategy of building a national wealth management platform that anticipates the needs of its clients at every stage of life.
About Audax Private Debt
Based in New York, Audax Private Debt is a leading debt capital partner for North American middle market companies. Since its inception in 2000, the firm has invested more than $53 billion in support of nearly 300 private equity sponsors. Audax Private Debt provides tailored financing solutions for its clients through a comprehensive range of offerings that includes first lien, stretch senior, unitranche, second lien, and subordinated debt, as well as equity co-investments. Audax Private Debt is an experienced and trusted partner with senior leadership averaging 35 years in private credit and 23 years working together at the firm through multiple economic cycles.
For more information, please visit audaxprivatedebt.com or follow us on LinkedIn.
Media Contact:
Kekst CNC
kekst-audaxpd@kekstcnc.com
