iCapital1, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, yesterday announced a partnership with Bain Capital Credit, L.P., a leading global credit specialist, to provide financial advisors and high-net-worth investors with access to a suite of Bain Capital Credit’s private credit strategies via iCapital’s technology platform.
Through this partnership, advisors gain increased operational efficiency by accessing select Bain Capital Credit products via the customized Bain Capital-branded platform powered by iCapital and on iCapital Marketplace. As part of the agreement, iCapital provides a full suite of research, due diligence, and educational materials to advisors and investors to support the growing interest in alternative investing.
“We are delighted to partner with Bain Capital Credit, a recognized leader in private credit investing, with the experience to help investors navigate this dynamic asset class,” said Lawrence Calcano, Chairman and CEO of iCapital. “Advisors and their clients have expressed increasing interest in adding private credit strategies to their portfolio allocations. With this partnership, we ensure proper education, better access to new products and technologies that facilitate increased exposure to private credit and alternatives more broadly.”
Appetite for private credit opportunities amongst advisors and their high-net-worth clients is growing, given the enhanced income potential and diversification benefits. It provides exposure to alternative investments and can exhibit lower market volatility versus the public markets.
“By partnering with iCapital and leveraging their leading technology platform, we are able to provide more efficient access to our alternative investment strategies to a larger set of investors beyond our core institutional footprint,” said Jeffrey Hawkins, Deputy Managing Partner, Bain Capital Credit and Special Situations. “Our initial product on the iCapital platform is focused on providing wealth managers and individual investors access to our longstanding middle market private credit strategies which incepts back to 1998.”
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