Mar 2024

Audax Private Debt Provides Financing to Support Lightyear Capital’s Acquisition of Prime Pensions, LLC.

NEW YORK -- Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support Lightyear Capital’s investment in Prime Pensions, LLC (“Prime Pensions” or the “Company”), a national provider of third-party administration ("TPAs") for retirement plans.

Headquartered in Florham Park, NJ, Prime Pensions provides full coverage of defined contribution and defined benefit solutions, including design, implementation, and administration. Since the Company’s founding in 2012, Prime Pensions has grown to become one of the largest independent TPAs focused on the retirement plan administration industry. The Company services over 11,000 clients and employs a team of over 225 dedicated employees across 7 locations.


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 $36 billion in support of over 275 private equity sponsors. Audax Private Debt works collaboratively to build 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 more than 26 years in private credit and 15 years working together at the firm through multiple economic cycles. For more information, follow us on LinkedIn.