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A private credit provider

Direct lenderBDC adviser· New York, NY

Direct lender, based in New York, NY, advising 1 BDC with $1.1B at fair value across 157 borrowers.

Composed from this provider's classification, location and filed figures.

BDC fair value
$1.1B
Borrowers
157
Sponsors
17
Sponsor relationships (17)BDCs (1)
As of · the latest BDC schedule or sponsor pairing on record for this provider

What matters now

  1. 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, 30 Jun 2026
  2. 31 new sponsors
    in 12 months

    At least 31 new sponsors began borrowing from this lender in the last twelve months, and 9 sponsors came back for another deal.

    New sponsor relationships are where its next deals come from.

    Factdeal announcements and BDC schedules naming the pairWhat changed →
  1. 12 new borrowers
    4 quarters, against 8

    Financed 12 new sponsor-backed borrowers in the last four quarters, against 8 in the four before.

    The pace of new lending against the year before.

    DerivedBDC schedules, sponsor-backed borrowersSponsor relationships →
Every figure, and the identifiersCRD 333812 · 1 other DFX graphsShow
Direct lenderCRD 333812
BDCs managed
1
read from each BDC's 10-K
BDC fair value
$1.1B
latest schedules, summed
BDC principal held
$1.1B
debt pieces, the filers' figures
Credit funds
0
Form ADV Schedule D
Borrowers
157
across BDCs and named deals
Sponsors
17
sponsor x lender pairs
Adviser RAUM
not established
as filed on Form ADV
On other DFX graphs
1
shared identifiers only

What they say they lend against

the firm's own words, read from its site
This provider's own site has not been read for a stated mandate. Its footprint below is built from BDC filings and Form ADV, which say what it holds and not what it looks for.

What they have actually funded

from the BDC schedules

Every debt and equity piece the provider's BDCs reported in their latest schedules of investments, in the filers' own numbers. 621 positions.

Seniority of what it holds
  • First lien555 90%
  • Equity58 9%
  • Unsecured or subordinated1 0%
Of 621 positions, 614 carry a lien in the filing. A unitranche is filed as first lien, so a stated unitranche appetite can be neither confirmed nor contradicted here.
Size of the debt pieces it takes
  • Under $5M199 73%
  • $5M to $15M66 24%
  • $15M to $50M9 3%
274 of 621 positions disclose a principal amount; the median piece is $2.5M. Held principal is the lender's share of a facility, not the facility.

No industry breakdown is shown: an industry is recorded on 36.8% of published positions, and a mix built on that would describe which filers tag their schedules rather than what this lender prefers.

Relationship network

166 connected entities

From the latest schedules of investments of the BDCs this provider advises, the facilities and deals that name it, its Form ADV and its BDCs' 10-Ks. A borrower's figure is the BDCs' own fair value mark of their positions, not money moved.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the financings and sources behind it. Line weight is financings together; dashed lines are inferred.

Reading the network
  • Sponsor
›How strength and recency are read

Borrowers are ordered by the size of the position in the provider's BDCs, sponsors by how many of its borrowers they back. BDCs and funds are the vehicles it advises. Every figure is as filed, with its date.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

BDCs managed

BDCFair valueBorrowersAs of
Audax Private Credit Fund, LLC$1.1B157Jun 30, 2026

Sponsor relationships

by borrowers financed across the provider's BDCs
  • Windrose Health Investors, LLC possible
    first Dec 31, 2024 · latest Jun 30, 2026 · 1 new in the last 4 quarters
    2 borrowers $29.0M
  • Quad-C Management, Inc. possible
    first Dec 31, 2024 · latest Jun 30, 2026 · 1 new in the last 4 quarters
    2 borrowers $11.5M
  • Lightyear Capital LLC possible
    first Dec 31, 2025 · latest Jun 30, 2026 · 2 new in the last 4 quarters
    2 borrowers $8.6M

+14 additional sponsors this lender finances

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

All 17 pairs

Named as lender on a deal

carried from sponsor and lender announcements
No deal announcement on the graph names this provider as a lender.

Facilities held or named

0 on the graph
The provider's pieces sit on its BDCs' pages; no facility is held in this entity's own name.

Credit funds on Form ADV

candidates by name; Form ADV has no private credit fund type
No credit-named private fund on this adviser's Form ADV.

What changed

  • New sponsor and lender pair Jun 30, 2026
  • New sponsor and lender pair Jun 30, 2026
  • New sponsor and lender pair Jun 30, 2026
  • New sponsor and lender pair Jun 30, 2026
  • Repeat sponsor and lender pair Jun 30, 2026

+35 additional dated changes on this lender

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

How this provider is known

Direct lender
probable · bdc adviser 10kreportedsec.gov
RIA Intelligence
e05810d1-4a31-c34c-c493-6b8409acef0cderivedname unique adv
Across the graphs

This record is the same institution as 1 record in RIA and Wealth.

RIA and Wealth1

The joined record opens with the product, beside every other relationship on this page.

Checking your plan…

Not yet on record: credit fund assets.