v3.26.1
Investments - Schedule of contractual principal repayments and maturity of investment portfolio by fiscal year (Details) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Schedule of Investments [Line Items]    
Total Cost Basis of Debt Investments Held $ 1,138,190,995 [1],[2],[3],[4],[5] $ 949,656,720 [6],[7],[8],[9],[10]
Investments [Member]    
Schedule of Investments [Line Items]    
2027 79,050,494 70,597,320
2028 149,181,769 89,770,017
2029 126,000,982 146,443,086
2030 215,300,001 94,658,765
2031 216,678,536 190,129,108
Thereafter 319,042,227 323,882,256
Total contractual repayments 1,105,254,009 915,480,552
Adjustments to cost basis on debt investments (16,026,480) [11] (13,704,151) [12]
Total Cost Basis of Debt Investments Held $ 1,089,227,529 $ 901,776,401
[1] All investments are exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may be deemed to be “restricted securities” under the Securities Act.
[2] All securities represent investments in companies based in the United States of America, unless otherwise noted. All of these investments are subject to restrictions as to their resale or transfer.
[3] At June 30, 2026, the cost of investments for income tax purposes was $1,138,190,995, the gross unrealized depreciation for federal tax purposes was $38,233,116, the gross unrealized appreciation for federal income tax purposes was $27,547,777, and the net unrealized depreciation was $10,685,339.
[4] Unless indicated otherwise, all investments are valued using Level 3 inputs within the Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”) Topic 820, “Fair Value Measurements and Disclosures” (“ASC 820”) fair value hierarchy. Refer to Note 3 — Investments in the accompanying Notes to Consolidated Financial Statements for additional information.
[5] Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Audax Private Credit Fund, LLC (the “Fund”) owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.
[6] All investments are exempt from registration under the Securities Act and may be deemed to be “restricted securities” under the Securities Act.
[7] All securities represent investments in companies based in the United States of America, unless otherwise noted. All of these investments are subject to restrictions as to their resale or transfer.
[8] At December 31, 2025, the cost of investments for income tax purposes was $949,656,720, the gross unrealized depreciation for federal tax purposes was $25,633,371, the gross unrealized appreciation for federal income tax purposes was $25,801,092, and the net unrealized appreciation was $167,721.
[9] Unless indicated otherwise, all investments are valued using Level 3 inputs within the ASC 820 fair value hierarchy. Refer to Note 3 — Investments in the accompanying Notes to Consolidated Financial Statements for additional information.
[10] Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Fund owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.
[11] Adjustments to cost basis related to unamortized balance of market discount on investments.
[12] Adjustments to cost basis related to unamortized balance of market discount on investments.