Audax Private Debt has raised around $7.6bn (£5.7bn) of capital in 2025, the highest annual total raised in the firm’s history, it has revealed.
According to the firm, the capital raised from global investors in 2025 has brought total capital raised since inception to approximately $44bn. The firm said this was driven by re-up activity from long-standing relationships and continued expansion across institutional, insurance and private wealth channels.
Within the year, the New York-based firm deployed $7.3bn across 450 transactions, it said.
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“In 2025, private credit continued to play a critical role in our clients’ financing solutions as companies navigated a market defined by shifting conditions,” said Kevin Magid, chief executive of Audax Private Debt. “Our performance reflects the strength of our long-standing sponsor relationships and a disciplined, credit-first approach grounded in consistent underwriting and capital preservation.”
The firm also said it issued $3.2bn across six collateralised loan obligation (CLO) transactions in 2025, including its largest new issue to date, the $651m Audax Senior Debt CLO 13.
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Magid added: “We remain focused on the strategy that has defined Audax Private Debt for the past 25-plus years, delivering reliable outcomes for our partners while continuing to invest in our people, platform, and the core middle market.”
Overall, Audax Private Debt is a private credit lender to North American middle market companies, having invested $50bn since the firm’s inception.
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