Audax Personal Debt has appointed John Wierzba as a managing director and member of the agency’s investor relations group.
Wierzba was previously head of personal belongings at Stifel, Nicolaus & Co. On this position, he was liable for constructing out the non-public markets phase of the agency’s different funding platform.
He additionally oversaw due diligence and supervisor choice in addition to the structuring and distribution of personal market methods to monetary advisors throughout the Stifel community.
“John brings a deep data base and eager perspective concerning the utilization of personal capital methods by monetary advisors to protect and develop consumer wealth,” stated Audax Personal Debt’s president Kevin Magid.
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“He additionally understands intimately the significance of service and execution, and what that appears like throughout the complete funding lifecycle.
“As an trade, we’re nonetheless within the early innings of democratizing different belongings. We anticipate John will play an integral position in serving to us additional penetrate the non-public wealth channel with the requisite product set, constructions, and instruments for advisors to deliver center market non-public debt methods to their purchasers.”
New York-based Audax specialises in offering financing options and fairness co-investments to non-public equity-backed center market firms based mostly in North America. Since inception, it has raised greater than $32bn (£24.44bn) throughout 37 funds and individually managed accounts.
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“Audax has constructed an expansive, cycle-tested platform with an investment-led tradition and consistency in method,” stated Wierzba.
“It’s these similar underpinnings, amongst many others, that assist my long-term conviction in Audax and our capability to offer the wealth channel with a differentiated resolution to fulfill the wants of high-net-worth households as we speak.”
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