Audax Private Credit Fund Reports Unregistered Share Sale and June 30 NAV

What Happened
Audax Private Credit Fund, LLC filed an 8-K disclosing that on July 1, 2026 the fund issued 1,718,450.952 limited liability company interests (the “Shares”). The purchase price per share was finalized on August 13, 2026 at $24.557, resulting in total consideration of $42.2 million. The issuances were made under subscription agreements and were exempt from registration under the Securities Act pursuant to Section 4(a)(2) and Regulation D or Regulation S, with investors representing they were either accredited investors or non‑U.S. persons.

Key Details

• Issuance date: July 1, 2026; Shares issued: 1,718,450.952; Total consideration: $42.2M.
• Final purchase price per share (finalized Aug 13, 2026): $24.557.
• NAV per share as of June 30, 2026: $24.557. Aggregate NAV: $563.1M.
• Investment portfolio fair value: $1,127.5M; principal debt outstanding: $571.6M; resulting debt-to-equity ratio: ~1.02x.
• Issuance relied on subscription agreement representations of investor status (accredited or non‑U.S. person).

Why It Matters
The filing shows the fund raised $42.2M of additional equity through an exempt private placement, which increases capital on the fund’s books. The reported NAV per share of $24.557 (matching the new share price) and the debt-to-equity ratio (~1.02x) give investors current metrics on valuation and leverage as of June 30, 2026. Retail investors should note the placement was unregistered (limited to accredited or non‑U.S. investors), which affects who could participate and secondary market liquidity.