Audax Credit BDC Inc.

Overview

Audax Credit BDC Inc. is a business development company that focuses on investing in senior secured loans and other debt instruments of middle-market companies. These companies typically generate less than $500 million in annual revenue or less than $75 million in annual EBITDA. The firm primarily invests in first lien senior secured loans, with individual investment sizes generally ranging from $1 million to $5 million. These investments typically feature fixed repayment schedules and maturities ranging from five to seven years. The company's investment strategy emphasizes strong fundamental credit analysis and rigorous portfolio monitoring. Audax Credit BDC Inc. seeks to diversify its portfolio by company type, asset type, investment size, and industry. The firm benefits from the extensive experience and resources of its investment adviser, Audax Management Company (NY), LLC, which has invested over $39.5 billion in senior debt across multiple cycles. Audax Credit BDC Inc. is externally managed and operates as a closed-end, non-diversified management investment company. It has elected to be treated as a business development company under the Investment Company Act of 1940 and as a regulated investment company for federal income tax purposes. The firm is required to maintain at least 70% of its total assets in qualifying assets, primarily securities of eligible private U.S. operating companies.

Investment Focus

• Investments in senior secured loans and other debt instruments of middle-market companies generating less than $500 million in annual revenue or less than $75 million in annual EBITDA.