Key Takeaways
- • Audax Private Debt deployed $7.3 billion across 450 transactions in 2025, supporting more than 115 private equity sponsors across new and existing relationships.
- • The firm raised more than $7.6 billion from over 1,000 global investors in 2025, its highest annual capital raise in firm history, bringing cumulative capital raised since inception to approximately $44 billion.
- • Audax issued $3.2 billion across six CLO transactions in 2025, including the $651 million Audax Senior Debt CLO 13, the firm's largest new issue to date.
- • The firm added more than 40 team members in 2025, including 14 investment hires and Managing Directors Brady Hahn and Eliot Honaker to strengthen its West Coast presence.
- • Audax was ranked the #1 overall U.S. lender by 9fin in Q1, Q2, and Q3 2025, according to the company.
Summary
Audax Private Debt, a New York-based provider of financing to North American middle market companies, reported strong investment activity, record annual capital raising, and team growth for 2025, according to a company press release distributed via Business Wire. The firm deployed $7.3 billion across 450 transactions during the year, supporting more than 115 private equity sponsors across new and existing relationships. Per the release, capital deployment is calculated based on total funded and unfunded commitments, and for Audax Direct Lending Solutions and Mezzanine reflects new platforms and add-ons only.
On the fundraising side, the firm raised more than $7.6 billion from over 1,000 global investors, which the company describes as the highest annual total in its history. The company attributed the result to significant re-up activity from long-standing relationships and continued expansion across institutional, insurance, and private wealth channels. Total capital raised since inception is approximately $44 billion. The release notes that capital raised includes investor equity commitments and existing or anticipated leverage, and that anticipated leverage levels may not be achieved.
Audax also issued $3.2 billion across six CLO transactions, including the $651 million Audax Senior Debt CLO 13, which the firm identifies as its largest new issue to date. The firm added more than 40 new team members, including 14 investment team hires, and strengthened its West Coast presence with Managing Directors Brady Hahn and Eliot Honaker.
CEO Kevin Magid said private credit "continued to play a critical role in our clients' financing solutions as companies navigated a market defined by shifting conditions," and credited the firm's "credit-first approach grounded in consistent underwriting and capital preservation." The company said it has invested $50 billion since its 2000 inception, supporting more than 290 private equity sponsors. Its product set includes first lien, stretch senior, unitranche, second lien, and subordinated debt, as well as equity co-investments. Per the release, 9fin ranked Audax the #1 overall U.S. lender in Q1, Q2, and Q3 2025. The release is promotional in nature, and the figures are company-reported and have not been independently verified.
On the fundraising side, the firm raised more than $7.6 billion from over 1,000 global investors, which the company describes as the highest annual total in its history. The company attributed the result to significant re-up activity from long-standing relationships and continued expansion across institutional, insurance, and private wealth channels. Total capital raised since inception is approximately $44 billion. The release notes that capital raised includes investor equity commitments and existing or anticipated leverage, and that anticipated leverage levels may not be achieved.
Audax also issued $3.2 billion across six CLO transactions, including the $651 million Audax Senior Debt CLO 13, which the firm identifies as its largest new issue to date. The firm added more than 40 new team members, including 14 investment team hires, and strengthened its West Coast presence with Managing Directors Brady Hahn and Eliot Honaker.
CEO Kevin Magid said private credit "continued to play a critical role in our clients' financing solutions as companies navigated a market defined by shifting conditions," and credited the firm's "credit-first approach grounded in consistent underwriting and capital preservation." The company said it has invested $50 billion since its 2000 inception, supporting more than 290 private equity sponsors. Its product set includes first lien, stretch senior, unitranche, second lien, and subordinated debt, as well as equity co-investments. Per the release, 9fin ranked Audax the #1 overall U.S. lender in Q1, Q2, and Q3 2025. The release is promotional in nature, and the figures are company-reported and have not been independently verified.
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