Audax Credit

Audax Credit runs a single direct lending strategy on Termgrid. Its criteria, ticket sizes and sector preferences are documented in the Investment Criteria section above. Single-strategy firms typically concentrate deployment within a defined mandate rather than spreading capital across multiple fund vehicles.

Audax Credit deploys PIK Financing, Subordinated / Junior Debt / Mezzanine, Unitranche / Senior Debt Direct Lending, Co-Invest, and Direct Lending Fund across its strategy. These instruments are used in sponsor-backed transactions and direct corporate financings where Audax Credit participates as a lender, with the breadth (5 distinct products) suggesting flexibility on capital structure. Specific tranching, pricing and structuring are negotiated per transaction; the standard band sits in the Investment Criteria section.

Audax Credit is active in United States and Canada. Sponsors running cross-border processes can include Audax Credit where any of these geographies match the borrower or transaction. Regional focus reflects current deployment patterns recorded by Termgrid; firms periodically extend their mandate, so check the platform for the most current view.

Audax Credit has shown lending activity in Aerospace & Defence, Agriculture & Food, Business Services, Capital Goods, Consumer Goods, Education, Financial Services, Healthcare, Industrials, Media & Communication, Software, Technology (ex Software), Transportation & Logistics, Utilities, Technology, indicating broad sector coverage rather than a vertical-specialist mandate. Sector appetite can shift fund to fund and from year to year, so it is worth confirming current appetite with the deal team before running a process. Audax Credit's recent deal activity is referenced in the news section above.

Audax Credit was founded in 2000, giving the firm 26 years of track record and currently has around 70 investment professionals. Firms with longer track records typically have multiple fund vintages and deeper precedent libraries; newer firms can be more flexible on terms but offer less historical performance data.

Termgrid subscribers can route opportunities to Audax Credit directly via the platform's deal execution workflow. The platform manages introductions, NDA exchange, materials sharing and term-sheet collaboration end-to-end. If you are not a Termgrid subscriber, request a demo to see the routing options and what the workflow looks like for Audax Credit specifically.