Audax Private Debt has provided an incremental senior secured credit facility to support Crestview Partners' continued investment in Modern Wealth Management. The financing was arranged with Audax serving as Joint Lead Arranger. Modern Wealth Management is a financial advisory firm with offices across the United States, serving high-net-worth individuals and families. Co-founded by former United Capital executives Gary Roth, Mike Capelle and Jason Gordo, the company offers wealth management services including financial planning, tax planning and preparation, estate planning and related advisory services. Crestview Partners is a New York-based private equity firm.

Audax Private Debt raises $1bn CV. Audax Private Debt has tapped Pantheon to lead a $1 billion continuation vehicle for its 2018-vintage direct lending fund - the latest in a string of billion-dollar credit secondaries deals this year. Audax Direct Lending Solutions Fund I CV will acquire a portfolio of first-lien senior secured loans and related equity co-investments from Audax Private Debt's Direct Lending Solutions Fund I, which closed on $1.65 billion in capital commitments in January 2019. Pantheon both led and structured the CV transaction. The firm has completed more than 45 private credit GP-led transactions with over 30 managers globally since 2019, including multiple continuation vehicles exceeding $1 billion. "We've known the Audax team for decades and are excited to partner with them to complete this investment," said Rakesh Jain, global head of private credit at Pantheon. "As lead investor, we applied our credit, scale and GP solution expertise to deliver a tailored solution, accessing a high-quality, income-generating portfolio." The transaction adds to Pantheon's secondaries slate this year, which includes structuring a $3.2 billion CV for a mature Crescent Capital Group fund - among the largest credit CVs of 2026 so far - and co-leading a $1.1 billion single-asset CV for QHP Capital portfolio company Azurity Pharmaceuticals. For Audax Private Debt, the CV will allow the team to continue to manage and monitor the assets in Fund I. The DLS strategy launched in 2018, drawing on the firm's underwriting across senior secured and junior debt. "We believe this transaction underscores the strength and stability of the DLS I portfolio, our commitment to underwriting discipline, and our longstanding credit-first approach, which have contributed to our performance across market and economic cycles," said Kevin Magid, CEO of the $26 billion firm. He added that the vehicle also provides flexibility to new and existing LPs. Audax Private Debt raised more than $7.6 billion last year and is currently raising Direct Lending Solutions Fund III, which has received backing from LPs including the Ohio Police & Fire Pension Fund and the Virginia Retirement System. Advisors. PJT Partners served as financial advisor on the transaction. Kirkland & Ellis acted as legal counsel to Audax Private Debt, and Hogan Lovells served in the same capacity for Pantheon.