Notice2025-19022
Audax PDB Management Company, LLC and Audax Private Credit Fund, LLC
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
September 30, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 187 (Tuesday, September 30, 2025)</title>
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[Federal Register Volume 90, Number 187 (Tuesday, September 30, 2025)]
[Notices]
[Page 46974]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-19022]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35766; 812-15878]
Audax PDB Management Company, LLC and Audax Private Credit Fund,
LLC
September 26, 2025.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice.
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Notice of an application under section 6(c) of the Investment
Company Act of 1940 (the ``Act'') for an exemption from sections
18(a)(2), 18(c),18(i) and 61(a) of the Act.
Summary of Application: Applicants request an order to permit certain
closed-end investment companies that have elected to be regulated as
business development companies to issue multiple classes of shares with
varying sales loads and asset-based distribution and/or service fees.
Applicants: Audax PDB Management Company, LLC and Audax Private Credit
Fund, LLC
Filing Date: The application was filed on August 18, 2025 and amended
on August 27, 2025.
Hearing or Notification of Hearing: An order granting the requested
relief will be issued unless the Commission orders a hearing.
Interested persons may request a hearing on any application by emailing
the SEC's Secretary at <a href="/cdn-cgi/l/email-protection#83d0e6e0f1e6f7e2f1faf0aecce5e5eae0e6c3f0e6e0ade4ecf5"><span class="__cf_email__" data-cfemail="da89bfb9a8bfaebba8a3a9f795bcbcb3b9bf9aa9bfb9f4bdb5ac">[email protected]</span></a> and serving the
Applicants with a copy of the request by email, if an email address is
listed for the relevant Applicant below, or personally or by mail, if a
physical address is listed for the relevant Applicant below. Hearing
requests should be received by the Commission by 5:30 p.m. on October
21, 2025, and should be accompanied by proof of service on the
Applicants, in the form of an affidavit, or, for lawyers, a certificate
of service. Pursuant to rule 0-5 under the Act, hearing requests should
state the nature of the writer's interest, any facts bearing upon the
desirability of a hearing on the matter, the reason for the request,
and the issues contested. Persons who wish to be notified of a hearing
may request notification by emailing the Commission's Secretary.
ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#fdae989e8f98899c8f848ed0b29b9b949e98bd8e989ed39a928b"><span class="__cf_email__" data-cfemail="3360565041564752414a401e7c55555a5056734056501d545c45">[email protected]</span></a>. Applicants: Jason
Scoffield, Audax PDB Management Company, LLC,
<a href="/cdn-cgi/l/email-protection#85eff6e6eae3e3ece0e9e1c5e4f0e1e4fde2f7eaf0f5abe6eae8"><span class="__cf_email__" data-cfemail="91fbe2f2fef7f7f8f4fdf5d1f0e4f5f0e9f6e3fee4e1bff2fefc">[email protected]</span></a>, 320 Park Avenue, New York City, New York
10022, with copies to Rajib Chanda, Esq., Simpson Thacher & Barlett
LLP, <a href="/cdn-cgi/l/email-protection#a7d5c6cdcec589c4cfc6c9c3c6e7d4d3c5cbc6d089c4c8ca"><span class="__cf_email__" data-cfemail="7b091a1112195518131a151f1a3b080f19171a0c55181416">[email protected]</span></a>, 900 G Street, Northwest, Washington DC
20001 and Steven Grigoriou, Esq., Simpson Thacher & Bartlett LLP,
<a href="/cdn-cgi/l/email-protection#8af9feeffcefe4a4edf8e3ede5f8e3e5ffcaf9fee8e6ebfda4e9e5e7"><span class="__cf_email__" data-cfemail="c9babdacbfaca7e7aebba0aea6bba0a6bc89babdaba5a8bee7aaa6a4">[email protected]</span></a>, 900 G Street, Northwest, Washington DC
20001.
FOR FURTHER INFORMATION CONTACT: Trace W. Rakestraw, Senior Special
Counsel, at (202) 551-6825 (Division of Investment Management, Chief
Counsel's Office).
SUPPLEMENTARY INFORMATION: For Applicants' representations, legal
analysis, and conditions, please refer to Applicants' application,
dated August 27, 2025, which may be obtained via the Commission's
website by searching for the file number at the top of this document,
or for an Applicant using the Company name search field on the SEC's
EDGAR system. The SEC's EDGAR system may be searched at <a href="https://www.sec.gov/edgar/searchedgar/companysearch">https://www.sec.gov/edgar/searchedgar/companysearch</a>. You may also call the
SEC's Office of Investor Education and Advocacy at (202) 551-8090.
For the Commission, by the Division of Investment Management,
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-19022 Filed 9-29-25; 8:45 am]
BILLING CODE 8011-01-P
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