Filing Details
- Accession Number:
- 0000943663-20-000050
- Form Type:
- 13G Filing
- Publication Date:
- 2020-02-13 16:42:24
- Filed By:
- Marsh & Mclennan Companies, Inc.
- Company:
- Audax Credit Bdc Inc.
- Filing Date:
- 2020-02-13
- SEC Url:
- 13G Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Mercer Investments | 35,109,124 | 0 | 35,109,124 | 0 | 35,109,124 | 99% |
| Mercer (US) Inc | 0 | 35,109,124 | 0 | 35,109,124 | 35,109,124 | 99% |
| Mercer | 0 | 35,109,124 | 0 | 35,109,124 | 35,109,124 | 99% |
| Mercer Consulting Group, Inc | 0 | 35,109,124 | 0 | 35,109,124 | 35,109,124 | 99% |
| Marsh McLennan Companies, Inc. (US) | 0 | 35,109,124 | 0 | 35,109,124 | 35,109,124 | 99% |
Filing
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5)
| Audax Credit BDC Inc. |
| (Name of Issuer) |
| Common Stock, par value $0.001 per share |
| (Title of Class of Securities) |
| 05070P 108 |
| (CUSIP Number) |
| December 31, 2019 |
| (Date of Event Which Requires Filing of this Statement) |
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☑ Rule 13d-1(b)
☐ Rule 13d-1(c)
☐ Rule 13d-1(d)
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of the Act.
| CUSIP No. 05070P 108 | SCHEDULE 13G | Page 2 of 12 Pages |
| 1 | NAMES OF REPORTING PERSONS | | | ||
| Mercer Investments LLC | | | |||
| | | ||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||
| (a)☐ | |||||
| (b)☐ | | | |||
| 3 | SEC USE ONLY | | | ||
| | | | |||
| | | ||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | | ||
| Delaware | | | |||
| | | ||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | | | |
| 35,109,124.71 | | | |||
| | | ||||
| 6 | SHARED VOTING POWER | | | ||
| 0 | | | |||
| | | ||||
| 7 | SOLE DISPOSITIVE POWER | | | ||
| 35,109,124.71 | | | |||
| | | ||||
| 8 | SHARED DISPOSITIVE POWER | | | ||
| 0 | | | |||
| | | ||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | ||
| 35,109,124.71 | | | |||
| | | ||||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | | ||
| ☐ | | | |||
| | | ||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | | ||
| 99% | | | |||
| | | ||||
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | | ||
| IA;CO | | | |||
| | | ||||
| CUSIP No. 05070P 108 | SCHEDULE 13G | Page 3 of 12 Pages |
| 1 | NAMES OF REPORTING PERSONS | | | ||
| Mercer (US) Inc. | | | |||
| | | ||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||
| (a)☐ | |||||
| (b)☐ | | | |||
| 3 | SEC USE ONLY | | | ||
| | | | |||
| | | ||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | | ||
| New York | | | |||
| | | ||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | | | |
| 0 | | | |||
| | | ||||
| 6 | SHARED VOTING POWER | | | ||
| 35,109,124.71 | | | |||
| | | ||||
| 7 | SOLE DISPOSITIVE POWER | | | ||
| 0 | | | |||
| | | ||||
| 8 | SHARED DISPOSITIVE POWER | | | ||
| 35,109,124.71 | | | |||
| | | ||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | ||
| 35,109,124.71 | | | |||
| | | ||||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | | ||
| ☐ | | | |||
| | | ||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | | ||
| 99% | | | |||
| | | ||||
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | | ||
| HC;CO | | | |||
| | | ||||
| CUSIP No. 05070P 108 | SCHEDULE 13G | Page 4 of 12 Pages |
| 1 | NAMES OF REPORTING PERSONS | | | ||
| Mercer LLC | | | |||
| | | ||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||
| (a)☐ | |||||
| (b)☐ | | | |||
| 3 | SEC USE ONLY | | | ||
| | | | |||
| | | ||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | | ||
| New York | | | |||
| | | ||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | | | |
| 0 | | | |||
| | | ||||
| 6 | SHARED VOTING POWER | | | ||
| 35,109,124.71 | | | |||
| | | ||||
| 7 | SOLE DISPOSITIVE POWER | | | ||
| 0 | | | |||
| | | ||||
| 8 | SHARED DISPOSITIVE POWER | | | ||
| 35,109,124.71 | | | |||
| | | ||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | ||
| 35,109,124.71 | | | |||
| | | ||||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | | ||
| ☐ | | | |||
| | | ||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | | ||
| 99% | | | |||
| | | ||||
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | | ||
| HC;CO | | | |||
| | | ||||
| CUSIP No. 05070P 108 | SCHEDULE 13G | Page 5 of 12 Pages |
| 1 | NAMES OF REPORTING PERSONS | | | ||
| Mercer Consulting Group, Inc. | | | |||
| | | ||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||
| (a)☐ | |||||
| (b)☐ | | | |||
| 3 | SEC USE ONLY | | | ||
| | | | |||
| | | ||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | | ||
| New York | | | |||
| | | ||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | | | |
| 0 | | | |||
| | | ||||
| 6 | SHARED VOTING POWER | | | ||
| 35,109,124.71 | | | |||
| | | ||||
| 7 | SOLE DISPOSITIVE POWER | | | ||
| 0 | | | |||
| | | ||||
| 8 | SHARED DISPOSITIVE POWER | | | ||
| 35,109,124.71 | | | |||
| | | ||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | ||
| 35,109,124.71 | | | |||
| | | ||||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | | ||
| ☐ | | | |||
| | | ||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | | ||
| 99% | | | |||
| | | ||||
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | | ||
| HC;CO | | | |||
| | | ||||
| CUSIP No. 05070P 108 | SCHEDULE 13G | Page 6 of 12 Pages |
| 1 | NAMES OF REPORTING PERSONS | | | ||
| Marsh & McLennan Companies, Inc. (US) | | | |||
| | | ||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||
| (a)☐ | |||||
| (b)☐ | | | |||
| 3 | SEC USE ONLY | | | ||
| | | | |||
| | | ||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | | ||
| Delaware | | | |||
| | | ||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | | | |
| 0 | | | |||
| | | ||||
| 6 | SHARED VOTING POWER | | | ||
| 35,109,124.71 | | | |||
| | | ||||
| 7 | SOLE DISPOSITIVE POWER | | | ||
| 0 | | | |||
| | | ||||
| 8 | SHARED DISPOSITIVE POWER | | | ||
| 35,109,124.71 | | | |||
| | | ||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | ||
| 35,109,124.71 | | | |||
| | | ||||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | | ||
| ☐ | | | |||
| | | ||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | | ||
| 99% | | | |||
| | | ||||
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | | ||
| HC;CO | | | |||
| | | ||||
| CUSIP No. 05070P 108 | SCHEDULE 13G | Page 7 of 12 Pages |
| Item 1(a). | Name of Issuer: Audax Credit BDC
Inc. |
| Item 1(b). | Address of Issuer's Principal Executive Offices: 101 Huntington
Avenue Boston,
Massachusetts 02199 |
| Item 2(a). | Name of Person Filing: (i) Mercer
Investments LLC (“Mercer Investments”) (ii) Mercer (US) Inc. (“Mercer US”) (iii) Mercer LLC (“Mercer”) (iv) Mercer Consulting Group, Inc. (“Mercer
Consulting”) (v) Marsh & McLennan Companies, Inc.
(US) (“MMC”) |
| Item 2(b). | Address of Principal Business Office or, if none, Residence: (i) Mercer
Investments: 99 High
Street Boston,
Massachusetts 02110 (ii) Mercer
US, Mercer, Mercer Consulting and MMC: 1166
Avenue of the Americas New
York, New York 10036 |
| Item 2(c). | Citizenship: (i) Mercer Investments, Mercer US, Mercer and MMC: Delaware (ii)
Mercer Consulting: New York |
| Item 2(d). | Title of Class of Securities: Common Stock, par value $0.001 per share |
| Item 2(e). | CUSIP Number: 05070P 108 |
| CUSIP No. 05070P 108 | SCHEDULE 13G | Page 8 of 12 Pages |
| Item 3. | If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or |
240.13d-2(b) or (c), Check Whether the Person Filing Is a(n):
| (a) | ☐ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); |
| (b) | ☐ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); |
| (c) | ☐ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); |
| (d) | ☐ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
| (e) | ☒ Investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E); |
| (f) | ☐ Employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F); |
| (g) | ☒ Parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G); |
| (h) | ☐ Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| (i) | ☐ Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
| (j) | ☐ A non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J); |
| (k) | ☐ Group, in accordance with Section 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________________________ . |
| CUSIP No. 05070P 108 | SCHEDULE 13G | Page 9 of 12 Pages |
| Item 4. | Ownership. Provide the
following information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1. |
| (a). | Amount beneficially owned: | |||||
| (i) | Mercer Investments: | 35,109,124.71 | ||||
| (ii) | Mercer US: | 35,109,124.71 | ||||
| (iii) | Mercer: | 35,109,124.71 | ||||
| (iv) | Mercer Consulting: | 35,109,124.71 | ||||
| (v) | MMC: | 35,109,124.71 | ||||
| (b). | Percent of class: | |||||
| (i) | Mercer Investments: | 99% | ||||
| (ii) | Mercer US: | 99% | ||||
| (iii) | Mercer: | 99% | ||||
| (iv) | Mercer Consulting: | 99% | ||||
| (v) | MMC: | 99% | ||||
| (c). | Number of shares as to which the person has: | |||||
| (1) | Sole power to vote or to direct the vote: | | ||||
| (i) | Mercer Investments: | 35,109,124.71 | ||||
| (ii) | Mercer US: | 0 | ||||
| (iii) | Mercer: | 0 | ||||
| (iv) | Mercer Consulting: | 0 | ||||
| (v) | MMC: | 0 | ||||
| (2) | Shared power to vote or to direct the vote: | |||||
| (i) | Mercer Investments: | 0 | ||||
| (ii) | Mercer US: | 35,109,124.71 | ||||
| (iii) | Mercer: | 35,109,124.71 | ||||
| (iv) | Mercer Consulting: | 35,109,124.71 | ||||
| (v) | MMC: | 35,109,124.71 | ||||
| (3) | Sole power to dispose or to direct the disposition of: | |||||
| (i) | Mercer Investments: | 35,109,124.71 | ||||
| (ii) | Mercer US: | 0 | ||||
| (iii) | Mercer: | 0 | ||||
| (iv) | Mercer Consulting: | 0 | ||||
| (v) | MMC: | 0 | ||||
| (4) | Shared power to dispose or to direct the disposition of: | |||||
| (i) | Mercer Investments:: | 0 | ||||
| (ii) | Mercer US: | 35,109,124.71 | ||||
| (iii) | Mercer: | 35,109,124.71 | ||||
| (iv) | Mercer Consulting: | 35,109,124.71 | ||||
| (v) | MMC: | 35,109,124.71 | ||||
| CUSIP No. 05070P 108 | SCHEDULE 13G | Page 10 of 12 Pages |
| Item 5. | Ownership of Five Percent or Less of a Class: Not Applicable |
| Item 6. | Ownership of More Than Five Percent on Behalf of Another Person: Clients of Mercer Investments have the right to receive and the power to direct the receipt of dividends from, and the proceeds from the
sale of, the securities reported herein. No client of Mercer Investments currently has an interest in the securities reported herein in excess of 5 percent except Mercer Audax Credit Feeder Fund LP, a Cayman Islands exempted limited
partnership (the “Fund”). The Fund has solely an economic interest in the shares reported herein and no beneficial interest based upon the terms and conditions of the investment management arrangements entered into between Mercer
Investments and the Fund |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: Mercer Investments LLC – Investment Adviser |
| Item 8. | Identification and Classification of Members of the Group: Not Applicable |
| Item 9. | Notice of Dissolution of Group: Not Applicable |
| Item 10. | Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in
the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect. In accordance with Rule 13d-4 of the Securities Exchange Act of 1934, each of the persons filing this statement expressly disclaim the
beneficial ownership of the securities covered by this statement and the filing of this report shall not be construed as an admission by such persons that they are the beneficial owners of such securities. |
| CUSIP No. 05070P 108 | SCHEDULE 13G | Page 11 of 12 Pages |
SIGNATURES
The undersigned certify, after reasonable inquiry and to the best knowledge and belief of the undersigned, that the information set forth in this Amendment No. 5 to the Statement on Schedule 13G is true, complete and
correct. The undersigned agree to the filing of this single Amendment No. 5 to the Statement on Schedule 13G.
| Mercer Investments LLC | |
| Date: February 13, 2020 | By: /s/ Stephen
Gouthro |
| Name: Stephen Gouthro | |
| Title: Chief
Operating Officer | |
| Mercer (US) Inc. | |
| Date: February 13, 2020 | By: /s/ Jackie Marks
|
| Name: Jackie Marks | |
| Title: Chief
Financial Officer | |
| Mercer LLC | |
| Date: February 13, 2020 | By: /s/ Jackie Marks
|
| Name: Jackie Marks | |
| Title: Chief Financial
Officer | |
| Mercer Consulting Group,
Inc. | |
| Date: February 13, 2020 | By: /s/ Jackie Marks
|
| Name: Jackie Marks | |
| Title: Chief Financial
Officer | |
| Marsh & McLennan
Companies, Inc. (US) | |
| Date: February 13, 2020 | By: /s/ Katherine
Brennan |
| Name: Katherine Brennan | |
| Title: Deputy General
Counsel, Corporate Secretary and
Chief Compliance Officer |
| CUSIP No. 05070P 108 | SCHEDULE 13 | Page 12 of 12 Pages |
EXHIBIT 1
WHEREAS, in accordance with Rule 13d-1(k)(1) under the Securities and Exchange Act of 1934 (the "Act"), only one joint Statement and any amendments thereto need to be filed whenever one or more persons are required to
file such a Statement or any amendments thereto pursuant to Section 13(d) of the Act with respect to the same securities, provided that said persons agree in writing that such Statement or amendments thereto is filed on behalf of each of them;
NOW, THEREFORE, the parties hereto agree as follows:
Mercer Investments LLC, Mercer (US) Inc., Mercer LLC, Mercer Consulting Group, Inc. and Marsh & McLennan Companies, Inc. (US) do hereby agree, in accordance with Rule 13d-1(k)(1) under the Act, to file an Amendment
No. 5 to the Statement on Schedule 13G relating to their ownership of the Common Stock of the Issuer, and do hereby further agree that said Amendment No. 5 to the Statement on Schedule 13G shall be filed on behalf of each of them.
| Mercer Investments LLC | |
| Date: February 13,
2020 | By: /s/ Stephen
Gouthro |
| Name: Stephen Gouthro | |
| Title: Chief
Operating Officer | |
| Mercer (US) Inc. | |
| Date: February 13,
2020 | By: /s/ Jackie
Marks |
| Name: Jackie Marks | |
| Title: Chief
Financial Officer | |
| Mercer LLC | |
| Date: February 13,
2020 | By: /s/ Jackie
Marks |
| Name: Jackie Marks | |
| Title: Chief
Financial Officer | |
| Mercer Consulting
Group, Inc. | |
| Date: February 13,
2020 | By: /s/ Jackie
Marks |
| Name: Jackie Marks | |
| Title: Chief
Financial Officer | |
| Marsh & McLennan
Companies, Inc. (US) | |
| Date: February 13,
2020 | By: /s/ Katherine
Brennan |
| Name: Katherine
Brennan | |
| Title: Deputy
General Counsel, Corporate Secretary
and Chief Compliance Officer |