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Audax Private Credit Fund, LLC
A non-traded business development company, managed by Audax Pdb Management Company, LLC, holding $1.1B across 157 borrowers at Jun 30, 2026.
Composed from this BDC's filings and its latest schedule of investments.
- Fair value
- $1.1B
- Borrowers
- 157
- Mark on cost
- 97.9¢
- First lien
- 93%
What matters now
- 9 below 80¢$58.2M principal
9 positions across 4 borrowers marked below 80¢ on cost, $58.2M principal.
Q2 2026 · Marks this low usually come before non-accrual or a restructuring.
Derivedeach position's fair value over cost, Jun 30, 2026 - 130 → 157borrowers
Added a net 27 borrowers in the quarter to Jun 30, 2026, to 157.
Q2 2026 · The book is turning over faster than usual.
- $673M → $1.1Bfair value, 4 quarters
Its portfolio grew 70% at fair value over the last four quarters.
Q2 2026 · A fast-growing book is deploying new capital.
Every headline figure, and the identifiersCIK 2033362 · file 814-01861ShowHide
Portfolio through time
How each quarter is readEach quarter end is the schedule as filed for that instant; a restated year end is taken from the latest filing that carries it.| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $1.1B | 157 | 98c | 8 | 490 bp |
| Mar 31, 2026 | $1.0B | 130 | 98c | 8 | 492 bp |
| Dec 31, 2025 | $2.7B | 150 | 98c | 23 | 497 bp |
| Sep 30, 2025 | $747M | 92 | 98c | 8 | 515 bp |
All 6 quartersShow fewer
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2025 | $673M | 58 | 98c | 3 | 534 bp |
| Dec 31, 2024 | $1.4B | 96 | 100c | 8 | 521 bp |
Sponsors financed
How sponsors are countedCounted at BDC level here; the adviser page counts across every BDC it manages. A sponsor named by Form D signer consensus is an inference.What changed
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
+15 additional dated changes on this BDC
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Largest facilities held, with co-lenders
- Type first lien term loan1 BDC hold it · matures Jun 27, 2033$99.9M 100c
- Project Alliance Buyer, LLC first lien term loan4 BDCs hold it · matures Aug 27, 2031$24.9M 100c
- Cerity Partners, LLC first lien term loan7 BDCs hold it · matures Jul 28, 2031$24.8M 100c
+334 additional facilities held
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Schedule of investments at Jun 30, 2026
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| SIAA (Alliance Holdings) Health Care Providers & Services | term loan first lien | $24.9M | $24.9M 100c | SOFR+475 bp | Apr 30, 2030 |
| Cerity Partners Capital Markets | term loan first lien | $24.8M | $24.8M 100c | SOFR+450 bp | Jul 28, 2031 |
| Allyant Software | term loan first lien | $22.9M | $22.9M 100c | SOFR+600 bp | Jan 31, 2028 |
| Type Professional Services | term loan first lien | $20.7M | $20.7M 100c | SOFR+475 bp | Dec 31, 2029 |
| USMed-Equip Financial Services | term loan first lien | $19.5M | $19.5M 100c | SOFR+575 bp | May 24, 2029 |
621 positions on this schedule
Every borrower on the schedule with its instrument, principal, fair value, rate and maturity, as filed.
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Registration
- Fiscal year end
- 1231reported
- Incorporated
- X1reported
- On the SEC BDC report
- 2025 to 2026reported
- Filings listed
- 5reported10-Q and 10-K since 2022
- Former names
- Audax Private Credit Fund, LPreported
- Latest schedule
- 0001193125-26-351877reported
Audax Private Credit Fund, LLC is the same institution as 2 records in Independent Sponsors and Private Equity.
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
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Checking your plan…
Audax Private Credit Fund, LLC sits on 57 traced paths of capital across the graphs.
DFX traced 57 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
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Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Position history
- Principal increased$6.1M to $10.8M2026-06-30
- Position exitedfrom $13.7M2026-06-30
- Principal increased$0 to $1.3M2026-06-30
+1,127 more position changes
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Each line is one position compared between two consecutive BDC schedules of investments: principal, fair value mark, spread, PIK and maturity, as filed with the SEC.
›Connections
every published relationship on the graph
+2 connections on the graph
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