Mercer Investments Updates Passive Stake in Audax Credit BDC

TL;DR

**Mercer Investments still holds Audax Credit BDC shares, signaling continued institutional confidence.**

AI Summary

Mercer Investments LLC, a subsidiary of Marsh & McLennan Companies, Inc., filed an Amendment No. 9 to Schedule 13G on February 8, 2024, indicating its ownership of common stock in Audax Credit BDC Inc. as of December 31, 2023. This filing is an update to their previous disclosures, confirming their continued passive investment in Audax Credit BDC Inc. For investors, this means a significant institutional investor maintains its position, which can be a signal of confidence in the company's long-term prospects, though the exact percentage of ownership is not detailed in this excerpt.

Why It Matters

This filing confirms that a major institutional investor, Mercer Investments LLC, continues to hold a position in Audax Credit BDC Inc., which can be a positive signal for other investors regarding the company's stability and potential.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a passive investor, indicating no significant change in strategy or ownership that would introduce new risks.

Analyst Insight

Investors should note the continued passive institutional ownership by Mercer Investments LLC in Audax Credit BDC Inc., which suggests stability, but should conduct further due diligence on Audax Credit BDC's financial performance and future outlook, as this filing does not indicate any new significant changes.

Key Players & Entities

• Mercer Investments LLC (company) — reporting person and subsidiary of Marsh & McLennan Companies, Inc.
• Marsh & McLennan Companies, Inc. (company) — parent company of the reporting person
• Audax Credit BDC Inc. (company) — the issuer whose securities are being reported
• Delaware (place) — place of organization for Mercer Investments LLC

FAQ

Key Financial Figures

• $0.001 — ame of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securitie

Filing Documents

• audax13ga4q2022.htm (SC 13G/A) — 201KB
• 0000945621-24-000206.txt ( ) — 203KB

SIGNATURES

SIGNATURES The undersigned certify, after reasonable inquiry and to the best knowledge and belief of the undersigned, that the information set forth in this Amendment No. 9 to the Statement on Schedule 13G is true, complete and correct. The undersigned agree to the filing of this single Amendment No. 9 to the Statement on Schedule 13G. Mercer Investments LLC Date: February 8, 2024 By: /s/ Stephen Gouthro Name: Stephen Gouthro Title: Chief Operating Officer Mercer (US) LLC Date: February 8, 2024 By: /s/ Mark Elliott Name: Mark Elliott Title: Chief Financial Officer Marsh & McLennan Companies, Inc. (US) Date: February 8, 2024 By: /s/ Connor Kuratek Name: Connor Kuratek Title: Deputy General Counsel & Corporate Secretary CUSIP No. 05070P 108 SCHEDULE 13G Page 9 of 9 Pages EXHIBIT 1 WHEREAS, in accordance with Rule 13d-1(k)(1) under the Securities and Exchange Act of 1934 (the "Act"), only one joint Statement and any amendments thereto need to be filed whenever one or more persons are required to file such a Statement or any amendments thereto pursuant to Section 13(d) of the Act with respect to the same securities, provided that said persons agree in writing that such Statement or amendments thereto is filed on behalf of each of them; NOW, THEREFORE, the parties hereto agree as follows: Mercer Investments LLC, Mercer (US) LLC, and Marsh & McLennan Companies, Inc. (US) do hereby agree, in accordance with Rule 13d-1(k)(1) under the Act, to file an Amendment No. 9 to the Mercer Investments LLC Date: February 8, 2024 By: /s/ Stephen Gouthro Name: Stephen Gouthro Title: Chief Operating Officer Mercer (US) LLC Date: February 8, 2024 By: /s/ Mark Elliott Name: Mark Elliott Title: Chief Financial Officer Marsh