Audax Private Credit Fund, LLC 8-K

What Happened

• Audax Private Credit Fund, LLC filed an 8-K disclosing that it sold 519,231.537 limited liability company interests (the “Shares”) on December 1, 2025; the per-share purchase price and number of Shares were finalized on December 23, 2025 at $25.037 per share, for total consideration of $13.0 million. The issuance was made under subscription agreements and was exempt from registration under Section 4(a)(2) and Regulation D or Regulation S of the Securities Act based on investor representations.

Key Details

• Date of issuance: December 1, 2025 (price finalized December 23, 2025).
• Shares issued: 519,231.537; purchase price per share: $25.037; total consideration: $13.0 million.
• NAV per share (as of November 30, 2025): $25.037.
• Aggregate NAV: $448.5 million; fair value of investment portfolio: $884.3 million; principal debt outstanding: $443.0 million; debt-to-equity ratio: ~0.99x.

Why It Matters

• The fund raised about $13.0M through a private (unregistered) share issuance, which increases investor capital without a public offering.
• The NAV per share reported ($25.037) equals the issuance price, providing a snapshot of per-share value at month-end.
• The fund’s leverage is near 1.0x (debt-to-equity ≈ 0.99x), a key metric for investors assessing risk, liquidity and capital structure.