Audax Private Credit Fund Files 10-Q for Q2 2025
| Field | Detail |
|---|---|
| Company | Audax Private Credit Fund, LLC |
| Form Type | 10-Q |
| Filed Date | Aug 14, 2025 |
| Risk Level | low |
| Pages | 13 |
| Reading Time | 16 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financial-reporting, private-credit
TL;DR
**Audax Private Credit Fund filed its Q2 2025 10-Q on Aug 14. Financial update available.**
AI Summary
Audax Private Credit Fund, LLC filed its 10-Q for the period ending June 30, 2025. The filing, submitted on August 14, 2025, provides an update on the company's financial status. The company's fiscal year ends on December 31st, and its principal business address is 320 Park Avenue, New York, NY 10022.
Why It Matters
This 10-Q filing provides investors and stakeholders with a crucial update on Audax Private Credit Fund's financial performance and position as of the second quarter of 2025.
Risk Assessment
Risk Level: low — This filing is a routine quarterly report and does not contain immediate, significant risk-inducing information.
Key Numbers
- 20250630 — Fiscal Period End Date (Indicates the end of the reporting quarter.)
- 20250814 — Filing Date (Shows when the report was officially submitted to the SEC.)
Key Players & Entities
- Audax Private Credit Fund, LLC (company) — Filer of the 10-Q
- 20250630 (date) — End of the reporting period
- 20250814 (date) — Date of filing
- 320 Park Avenue, New York, NY 10022 (location) — Business and mailing address
FAQ
What is the primary business of Audax Private Credit Fund, LLC?
The filing does not explicitly state the primary business, but the name suggests it is involved in private credit.
When did Audax Private Credit Fund, LLC change its name?
The company's name was changed on August 9, 2024.
What is the SEC file number for this filing?
The SEC file number is 814-01861.
What is the fiscal year end for Audax Private Credit Fund, LLC?
The fiscal year end is December 31st.
What is the accession number for this 10-Q filing?
The accession number is 0000950170-25-108733.
Filing Stats: 3,960 words · 16 min read · ~13 pages · Grade level 7.5 · Accepted 2025-08-14 14:22:30
Key Financial Figures
- $0.001 — of limited liability company interests, $0.001 par value per share (the "Shares"), out
Filing Documents
- ck0002033362-20250630.htm (10-Q) — 9930KB
- ck0002033362-ex31_1.htm (EX-31.1) — 15KB
- ck0002033362-ex31_2.htm (EX-31.2) — 15KB
- ck0002033362-ex32_1.htm (EX-32.1) — 9KB
- ck0002033362-ex32_2.htm (EX-32.2) — 9KB
- 0000950170-25-108733.txt ( ) — 28682KB
- ck0002033362-20250630.xsd (EX-101.SCH) — 1232KB
- ck0002033362-20250630_htm.xml (XML) — 7976KB
Financial Statements
Financial Statements Consolidated Statements of Assets and Liabilities as of June 30, 2025 (Unaudited) and December 31, 2024 1 Consolidated Statements of Operations for the three and six months ended June 30, 2025 (Unaudited) 2 Consolidated Statement of Changes in Net Assets for the six months ended June 30, 2025 (Unaudited) 3 Consolidated Statement of Cash Flows for the six months ended June 30, 2025 (Unaudited) 4 Consolidated Schedules of Investments as of June 30, 2025 (Unaudited) and December 31, 2024 5
Notes to Consolidated Financial Statements (Unaudited)
Notes to Consolidated Financial Statements (Unaudited) 29 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 47 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 57 Item 4.
Controls and Procedures
Controls and Procedures 58 PART II. OTHER INFORMATION 59 Item 1.
Legal Proceedings
Legal Proceedings 59 Item 1A.
Risk Factors
Risk Factors 59 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 59 Item 3. Defaults Upon Senior Securities 59 Item 4. Mine Safety Disclosures 59 Item 5. Other Information 59 Item 6. Exhibits 60
Signatures
Signatures 61 i Audax Private Credit Fund, LLC Consolidated Statem ents of Assets and Liabilities June 30, 2025 and December 31, 2024 (Expressed in U.S. Dollars) June 30, 2025 (unaudited) December 31, 2024 Assets Investments at fair value: Non-controlled/non-affiliated investments (cost of $ 676,555,114 and $ 646,031,655 , respectively) $ 673,378,275 $ 650,974,766 Cash and cash equivalents 34,729,147 31,592,264 Interest receivable 4,338,896 2,399,856 Prepaid investments 3,731,250 — Receivable for loan repayment 923,434 181,269 Due from Administrator (Note 4) 398,123 398,305 Escrow receivable 48,338 — Receivable from affiliates — 306,938 Total assets $ 717,547,463 $ 685,853,398 Liabilities Borrowings under leverage facility (net of deferred financing costs of $ 2,166,667 and $ 2,416,667 , respectively) (Note 8) $ 333,383,183 $ 340,592,475 Interest payable 5,474,702 3,503,024 Incentive fee payable (Note 4) 817,305 — Payable to Adviser (Note 4) 958,143 — Deferred tax liability 818,338 — Accounts payable and accrued expenses 438,310 190,492 Payable to Administrator (Note 4) 63,125 1,087,203 Payable for investments purchased — 186,020 Total liabilities 341,953,106 345,559,214 Commitments and Contingencies (Note 8) Net Assets Shares, $ 0.001 par value per share, unlimited shares authorized, 14,987,190 and 0 shares issued and outstanding, respectively 14,987 — Capital in excess of par value 375,019,524 326,284,899 Total distributable earnings 559,846 14,009,285 Total Net Assets $ 375,594,357 $ 340,294,184 Net Asset Value per Share at End of Period $ 25.06 N/A Shares Outstanding 14,987,190 N/A The accompanying notes are an integral part of these consolidated financial statements. 1 Audax Private Credit Fund, LLC Consolidated S tatements of Operations For the three and six mon