Audax Private Debt acted as administrative agent and joint lead arranger on a unitranche credit facility to support add-on acquisitions and refinancing for Cerity Partners, a portfolio company of funds affiliated with Lightyear Capital.
Founded in 2009, Cerity Partners is a national independent financial advisory firm serving high net worth individuals and their families, businesses and employees as well as non-profit organizations.
“Cerity has established itself as a differentiated leader in the financial advisory space through its client-centric approach and deep industry expertise,” Blake Loweth, managing director at Audax Private Debt, said. “We are pleased to partner with management and Lightyear to support the company’s next phase of growth.”
“Audax Private Debt led the structuring and execution of a tailored financing solution that will support the company’s continued growth as a leading independent financial advisory firm,” Max Rakhlin, managing director at Lightyear Capital, said. “We appreciate the Audax team’s partnership and look forward to working together as we continue to build on Cerity Partners’ strong momentum over the past several years.”
