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Feb 2021

Audax Private Debt Provides Financing to Support Add-On Acquisitions and Refinancing for Cerity Partners

Audax Private Debt announced that, as Administrative Agent and Joint Lead Arranger, it provided a unitranche credit facility to support add-on acquisitions and a refinancing for Cerity Partners (“Cerity” or the “Company”), a portfolio company of funds affiliated with Lightyear Capital LLC.

Founded in 2009, Cerity Partners is a leading national independent financial advisory firm serving high-net-worth individuals and their families, businesses and their employees, and non-profit organizations from its offices across the U.S. The Company’s in-house experts, including tax advisors, financial planners, investment professionals, and retirement plan consultants, are passionate about and committed to providing objective financial advice and oversight. Together with the acquisitions of three wealth and investment management firms completed in connection with this refinancing, Cerity Partners now manages over $28 billion in assets.

“Cerity has established itself as a differentiated leader in the financial advisory space through its client-centric approach and deep industry expertise,” said Blake Loweth, Managing Director at Audax Private Debt. “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,” said Max Rakhlin, Managing Director at Lightyear Capital. “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.”

About Cerity Partners
Founded in 2009 and headquartered in New York, Cerity Partners is a leading national independent financial advisory firm with over $28 billion in assets under management. The firm operates under a private partnership model and provides wealth management and financial planning services to high-net-worth individuals and their families, businesses and their employees, and non-profit organizations. The Company has a national footprint with offices across the U.S. For additional information, please visit www.ceritypartners.com.

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