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Private company

Audax Private Credit Fund, LLC

Audax Private Credit Fund, LLC is a private equity fund that raised $644.2 million in 2024 (SEC Form D).1 It is headquartered in New York, New York.1

Last updated Oct 21, 2026.

Overview

  • HeadquartersNew York, New York1
  • Incorporated inUnited States2
  • Business address320 Park Avenue, New York, Ny 100222
  • Filer category, Emerging growth company2
  • Legal formLimited Liability Company
  • Kind of organizationPrivate equity fund1

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income3$28.1M in 2025+100% since 2024
0$10.0M$20.0M$30.0M2024: $14.0M$14.0M20242025: $28.1M$28.1M2025+100%
Fiscal year202420252026
Operating expenses$37.2M3
Net income$14.0M3$28.1M3

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Corporate structure

Audax Private Credit Fund, LLC sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Audax Private Credit Fund, LLC

  • Audax Institutional Feeder, LP Filed SCHEDULE 13D/A on Audax Private Credit Fund, LLC, latest Aug 14, 2026 (5 filings since Aug 14, 2025)
  • First Trust Capital Management L.P. Filed SCHEDULE 13G/A on Audax Private Credit Fund, LLC, latest May 15, 2026 (4 filings since Aug 14, 2025)
  • STATE OF WISCONSIN INVESTMENT BOARD Filed SCHEDULE 13G/A on Audax Private Credit Fund, LLC, latest Feb 13, 2026 (2 filings since Aug 14, 2025)
  • Ohio Strs Filed SCHEDULE 13G/A on Audax Private Credit Fund, LLC, latest Jan 6, 2026 (2 filings since May 1, 2025)
  • Audax Private Credit Fund, LLC New York, New York

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Audax Private Credit Fund, LLC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$35.4M3 Dec 31, 2025$31.6M3 Dec 31, 2024+11.9%

Properties, in its own words

Our headquarters are located at 320 Park Avenue, New York, NY 10022 and are provided by the Administrator in accordance with the terms of our Administration Agreement. We believe that our office facilities are suitable and adequate for our business as it is contemplated to be conducted.

Item 2 of the 10-K filed Mar 24, 2026.7

Leadership

Who has led Audax Private Credit Fund, LLC, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (11)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Interim Chief Financial OfficerAlexander F. Gardiner named Sep 14, 202618

Former names

  • Audax Private Credit Fund, LPSep 16, 2024 to Dec 17, 20242

Timeline

  1. Oct 7, 20268-K Other events19
  2. Oct 2, 20268-K Regulation FD disclosure20
  3. Sep 22, 20268-K Other events21
  4. Aug 20, 20268-K Unregistered sale of shares; Other events22
  5. Jul 15, 20268-K Other events23
  6. Jul 6, 20268-K Regulation FD disclosure24
  7. Jun 4, 20268-K Other events25
  8. May 8, 20268-K Unregistered sale of shares; Other events26
  9. Apr 16, 20268-K Entered a material agreement; New debt or obligation27
  10. Mar 31, 20268-K Regulation FD disclosure28
  11. Mar 24, 20268-K Unregistered sale of shares; Other events29
  12. Feb 3, 20268-K Unregistered sale of shares; Other events30

Filings

70 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 21 major events, 17 insider forms, 13 large holders, 3 private raises, 11 other. The latest 20:

  1. Oct 7, 20268-K EDGAR
  2. Oct 2, 20268-K EDGAR
  3. Sep 22, 20268-K EDGAR
  4. Sep 14, 2026D/A EDGAR
  5. Sep 1, 2026SC TO-I EDGAR
  6. Aug 20, 20268-K EDGAR
  7. Aug 14, 20264 EDGAR
  8. Aug 14, 2026SCHEDULE 13D/A EDGAR
  9. Aug 14, 202610-Q EDGAR
  10. Jul 15, 20268-K EDGAR
  11. Jul 6, 20268-K EDGAR
  12. Jun 4, 20268-K EDGAR
  13. May 15, 2026SCHEDULE 13G/A EDGAR
  14. May 12, 202610-Q EDGAR
  15. May 11, 2026SCHEDULE 13D/A EDGAR
  16. May 11, 20264 EDGAR
  17. May 8, 20268-K EDGAR
  18. Apr 16, 20268-K EDGAR
  19. Mar 31, 20268-K EDGAR
  20. Mar 24, 20268-K EDGAR

The 70 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 4 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 12, 2026101 HUNTINGTON HOLDINGS LLC10% ownerBuy592,346$24.56$14.5MForm 4
May 7, 2026AUDAX HOLDINGS I LLC10% ownerBuy698,136$24.69$17.2MForm 4
Jan 30, 2026AUDAX HOLDINGS I LLC10% ownerBuy688,404$25.04$17.2MForm 4
Nov 24, 2025Audax Group Parent, LP10% ownerBuy415,415$24.89$10.3MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$644.2M 2024–2024
Money received by yearMoney received by year, 2024–2024: $644.2M in all. Private raises (Form D) $644.2M.$0$200M$400M$600M$800M2024 · Private raises (Form D): $644.2M2024
Figures by year
YearPrivate raises (Form D)Total
2024$644.2M$644.2M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Oct 1, 2024Raised $644.2 million in a private offering of equity18 Form D: 18 investors so far Form D

SEC filer profile

How Audax Private Credit Fund, LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAudax Private Credit Fund, LLC1
  • CIK0002033362
  • Employer ID (EIN)99-44882047
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company7
  • Incorporated inDelaware7
  • Fiscal year endsDecember 311
  • Business address320 Park Avenue, New York, NY 100221
  • Phone212-703-27001
  • Shares outstanding24,649,000 as of Aug 14, 20266
  • AuditorErnst & Young LLP, New York, NY PCAOB ID 42; no auditor attestation of internal control over financial reporting7
  • On EDGAR sinceSep 16, 20241
  • Filings73 in all: 8-K (21), 3 (11), SCHEDULE 13G/A (5), 10-Q (4), 4 (4), 40-APP/A (4), SCHEDULE 13D/A (4), SCHEDULE 13G (3)1
    All 21 form types

    10-12G/A (2), 3/A (2), 40-17G (2), D/A (2), 10-12G (1), 10-K (1), 40-APP (1), CORRESP (1), D (1), N-54A (1), SC TO-I (1), SCHEDULE 13D (1), UPLOAD (1)

  • Latest filingsAnnual report (10-K) Mar 24, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Latest 8-K (8-K) Oct 7, 2026

Risk factors and legal proceedings

The risks Audax Private Credit Fund, LLC names in Item 1A of its 10-K filed Mar 24, 2026: 75 risks under these headings, as written.7

  • Risks Related to Our Business and Structure
  • We have a limited operating history.
  • Regulations governing our operation as a BDC affect our ability to, and the way in which we, raise additional capital.
  • We intend to borrow money, which magnifies the potential for gain or loss and increases the risk of investing in us.
  • Our indebtedness could adversely affect our business, financial conditions or results of operations.
  • The Small Business Credit Availability Act allows us to incur additional leverage and would require us to offer liquidity to our Shareholders.
  • We may default under our current or future credit facilities.
  • Provisions in a credit facility may limit our investment discretion.
  • We may face increasing competition for investment opportunities, which could delay deployment of our capital, reduce returns and result in losses.
  • If we are unable to source investments, access financing or manage future growth effectively, we may be unable to achieve our investment objective.
  • Even in the event the value of an investor’s investment declines, the Base Management Fee and, in certain circumstances, the Incentive Fee will still be payable to the Adviser.
  • We are an “emerging growth company” under the JOBS Act, and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our securities less attractive to investors.
The other 64 risks
  • Our status as an “emerging growth company” under the JOBS Act may make it more difficult to raise capital as and when we need it.
  • Efforts to comply with the Sarbanes-Oxley Act involve significant expenditures.
  • We are obligated to maintain proper and effective internal controls over financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act, and failure to achieve and maintain effective internal controls over financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act could have a material adverse effect on our business and the value of the Shares.
  • Failure to maintain our status as a BDC would reduce our operating flexibility.
  • We may experience fluctuations in our quarterly results.
  • Because our business model will depend to a significant extent upon relationships with corporations, financial institutions and investment firms, the inability of our Adviser to maintain or develop these relationships, or the failure of these relationships to generate investment opportunities, could adversely affect our business.
  • Certain investors are limited in their ability to make significant investments in us.
  • We are a non-diversified investment company within the meaning of the Investment Company Act, and therefore we are not limited with respect to the proportion of our assets that may be invested in securities of a single issuer.
  • The Fund may be restricted from initiating transactions as a result of the receipt of material non-public information.
  • We may have no or limited insurance against certain catastrophic losses.
  • Cybersecurity risks and cyber incidents may adversely affect our business or those of our portfolio companies by causing a disruption to our operations, a compromise or corruption of confidential information and/or damage to business relationships, or those of our portfolio companies, all of which could negatively impact our business, results of operations or financial condition.
  • We and our portfolio companies are subject to regulations related to privacy, data protection, wider data and information security, and any failure to comply with these requirements could result in fines, sanctions or other penalties, which could have a material adverse effect on our business and our reputation.
  • We are highly dependent on information systems and systems failures could significantly disrupt our business, which may, in turn, negatively affect the market price of our common stock and our ability to pay distributions.
  • Our Board may change our investment objective, operating policies and strategies without prior notice or Shareholder approval.
  • Compliance with the SEC’s Regulation Best Interest may negatively impact our ability to raise capital, which would harm our ability to achieve our investment objectives.
  • If the Adviser or certain of its affiliates are deemed a “Bad Actor”, it could negatively impact our ability to raise capital.
  • Compliance with anti-money laundering requirements could require the Adviser to provide to governmental authorities information about our Shareholders and could require that a Shareholder’s funds be frozen or that the Shareholder withdraw from the Fund.
  • Submission to Jurisdiction; Waiver of Jury Trial
  • No shareholder approval is required for certain mergers.
  • We are operating in a period of disruption, volatility and uncertainty in the capital markets and in the economy generally.
  • Changes to U.S. tariff and import/export regulations may affect our portfolio companies, and may negatively impact our business, results of operations or financial conditions.
  • Inflation and supply chain risks have had and may continue to have an adverse impact on our business, our results of operations and the financial condition of our portfolio companies.
  • Economic and trade sanctions and anti-money laundering requirements could make it more difficult or costly for us to conduct our operations or achieve our business objectives.
  • Uncertainty about administration initiatives of the U.S. presidential administration could negatively impact our business, financial condition and results of operations.
  • Economic recessions or downturns could impair our portfolio companies and harm our operating results.
  • Risks Related to Our Portfolio Company Investments
  • Our investments in portfolio companies may be risky, and we could lose all or part of our investment.
  • Some assets carry more specific risks.
  • Second-Lien and Mezzanine Debt.
  • A covenant breach by a portfolio company may harm our operating results.
  • An investment strategy focused primarily on privately held middle market companies presents certain challenges, including, but not limited to, the lack of available information about these companies.
  • The value of most of our portfolio securities will not have a readily available market price and we will value these securities at fair value as determined in good faith by our Valuation Designee, which valuation is inherently subjective, may not reflect what we may actually realize for the sale of the investment and could result in a conflict of interest with the Adviser.
  • Our portfolio securities may be thinly traded and, as a result, the lack of liquidity in our investments may adversely affect our business.
  • Our portfolio may be invested in a limited number of portfolio companies and industries, which will subject us to a risk of significant loss if any of these companies defaults on its obligations under any of its debt instruments or if there is a downturn in a particular industry.
  • Loan originations may expose us to risk not present in other types of loans.
  • Prepayments of our debt investments by our portfolio companies could adversely impact our results of operations and reduce our return on equity.
  • Some of our portfolio investments may present refinancing risks.
  • We may securitize certain of our investments, which may subject us to certain structured financing risks.
  • We generally will not control the business operations of our portfolio companies and management of our portfolio companies could make decisions adverse to our interests as debt investors.
  • We may not be able to realize expected returns on our invested capital.
  • Our portfolio companies may incur debt that ranks equally with, or senior to, our investments in such companies.
  • We may be exposed to special risks associated with bankruptcy cases.
  • We may not have the funds or ability to make additional investments in our portfolio companies.
  • Any acquisitions or strategic investments that we pursue are subject to risks and uncertainties.
  • We cannot guarantee that we will be able to obtain various required licenses in U.S. states or in any other jurisdiction where they may be required in the future.
  • Our investments in foreign companies may involve significant risks in addition to the risks inherent in U.S. investments.
  • We expose ourselves to risks when we engage in hedging transactions.
  • The market structure applicable to derivatives imposed by the Dodd-Frank Act may affect our ability to use over-the-counter (“OTC”) derivatives for hedging purposes.
  • European Market Infrastructure Regulation
  • If we cease to be eligible for an exemption from regulation as a commodity pool operator, our compliance expenses could increase substantially.
  • Restricted Nature of Investment Positions
  • Risks Related to Our Securities
  • We may not be able to pay you distributions, and our distributions may not grow over time.
  • We may need to raise additional capital to grow because we must distribute most of our income.
  • A significant portion of our investment portfolio is recorded at fair value as determined in good faith by our Valuation Designee and, as a result, there is uncertainty as to the value of our portfolio investments.
  • Our distribution proceeds may exceed our earnings, particularly during the period before we have substantially invested the net proceeds from any offering of the Shares. We have not established any limit on the extent to which we may use proceeds from any offering of the Shares to fund distributions, which may reduce the amount of capital we ultimately invest in assets.
  • Our distributions to Shareholders may be funded from expense reimbursements or waivers of investment advisory fees, some of which are subject to repayment pursuant to our Expense Support and Conditional Reimbursement Agreement.
  • Any unrealized losses we experience on our portfolio may be an indication of future realized losses, which could reduce our income available for distribution.
  • Our Preferred Shares could adversely affect the value of our Shares.
  • Holders of any Preferred Shares we issue will have the right to elect members of the Board and class voting rights on certain matters.
  • There are severe economic consequences for defaulting shareholders.
  • A Shareholder’s interest in us could be diluted if we issue additional Shares, which could reduce the overall value of an investment in us.
  • Our Shareholders will experience dilution in their ownership percentage if they opt out of our distribution reinvestment plan.
  • Certain investors will be subject to Exchange Act filing requirements.
  • Special considerations for certain benefit plan investors.
  • Price declines and illiquidity in the corporate debt markets may adversely affect the fair value of our portfolio investments, reducing our net asset value through increased net unrealized depreciation.
  • We are subject to risks in using custodians and other agents.
  • The NAV of our shares may fluctuate significantly.

Legal proceedings

We are not currently subject to any material legal proceeding, nor, to our knowledge, is any material legal proceeding threatened against us.

From time to time, we, our Adviser or Administrator may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under contracts with our portfolio companies. While the outcome of these legal proceedings cannot be predicted with certainty, we do not expect that these proceedings will have a material effect upon our financial condition or results of operations.

From time to time, we are involved in various legal proceedings, lawsuits and claims incidental to the conduct of our business. Our businesses are also subject to extensive regulation, which may result in regulatory proceedings against us.

The opening of Item 3, Legal Proceedings.7

Sources

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    SEC EDGAROther events
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    SEC EDGAROther events
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    SEC EDGAROther events
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    SEC EDGAROther events
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