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Audax tops Q3 private credit deal rankings with 46 deals

Audax and Blackstone share first place on a last-12-month basis, 9fin reports.

46Deals Audax counted in Q3 26 to top the rankings

By the Direct Lending desk

At a glance

  1. MidCap, TPG Twin Brook, Ares and Churchill completed the top five, according to the rankings published Nov. 11.
  2. The rankings count deals rather than dollars, and 9fin says the counts include some confidentially submitted information that does not appear in its private credit screener.
  3. For allocators comparing managers, a quarterly deal count measures origination reach, not credit performance or fees, and 9fin's confidential submissions suggest the visible tally understates activity for some lenders.

Audax led 9fin's US private credit deal rankings for the third quarter with 46 deals. MidCap, TPG Twin Brook, Ares and Churchill completed the top five, according to the rankings published Nov. 11.

The rankings count deals rather than dollars, and 9fin says the counts include some confidentially submitted information that does not appear in its private credit screener. On a last-12-month basis, Audax and Blackstone share first place, followed by Churchill, TPG Twin Brook and Antares.

For allocators comparing managers, a quarterly deal count measures origination reach, not credit performance or fees, and 9fin's confidential submissions suggest the visible tally understates activity for some lenders.

Reported by the Direct Lending desk from 9fin. Published . Corrections

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Audax tops Q3 private credit deal rankings with 46 deals