Audax raises $2.66bn for third direct lending fund

The third vintage is more than halfway to its $5bn target fundraise, filings show.

In a series of filings with the US Securities and Exchange Commission, Boston-based Audax Group has reportedly raised $2.66 billion of its $5 billion target for Audax Direct Lending Solutions Fund III.  

The fund, which launched in December 2024, is still currently in its fundraising stage and, according to Private Debt Investor’s website, has secured hefty commitments from US-based government pension funds.