# Audax PDB Management Company

Audax PDB Management Company is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Assets under management:** Undisclosed
- **Website:** audaxpdb.com

## Regulatory record

- **CRD number:** 333812
- **SEC file number:** 801-132131
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/333812

## About

AUDAX PDB MANAGEMENT COMPANY, LLC is an SEC-registered investment adviser in NEW YORK, NY, registered since 2025. The firm manages approximately $1.2 billion in assets. It has 249 employees and 80 investment advisers.

## Sectors

- Real Estate
- Private Credit

## Questions

### What geographies does Audax PDB target?

The platform focuses on primary and secondary Sun Belt markets, where population growth and rent increases support transitional multifamily strategies. Specific metros are not publicly enumerated, but the firm has historically prioritized cities with expanding labor pools and regulatory environments favorable to repositioning workforce-housing stock.

### Does Audax PDB invest in property equity or only debt?

Audax PDB is a pure credit platform. It does not acquire real estate equity and does not take ownership of the underlying properties unless a loan enters enforcement — an outcome the underwriting process is designed to avoid through conservative advance rates and cash-flow-driven structuring.

### What loan size does Audax PDB typically write?

Individual loans are understood to range from $5 million to $30 million, sized against the as-is value of the collateral. The platform targets properties where in-place net operating income covers debt service even before the sponsor’s value-add improvements are realized.

### How does Audax PDB source its loan opportunities?

Deal flow comes through direct relationships with regional sponsors and developer networks, supplemented by referrals from commercial banks that cannot hold bridge exposure. The firm does not appear to source through widely distributed brokerage offerings, preferring repeat borrowers with established track records in the workforce-housing segment.

### Who are the limited partners in Audax PDB's credit vehicles?

Audax PDB raises capital from institutional limited partners, including public pension funds and insurance companies, but specific investors have not been publicly disclosed. The platform markets its funds through placement agents and existing Audax Group institutional relationships rather than through public-facing channels.

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Last updated: 2026-06-03T20:00:00.000Z

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