AAM Collaborates with iCapital® to Increase Access to Private Credit Opportunities

Crescent Private Credit Income Corp. (CPCI) Now Available on iCapital Marketplace for Wealth Managers and Advisors

The financial world is abuzz with the latest collaboration between Advisors Asset Management (AAM) and iCapital, as they announced the availability of Crescent Private Credit Income Corp. (CPCI) on the iCapital Marketplace. This move opens up new opportunities for wealth managers and advisors to access this non-exchange traded, perpetual-life business development company (BDC) launched by Crescent Capital Group LP.

With this partnership, iCapital will provide AAM with access to its global network of wealth managers and advisors on the platform, along with due diligence services. Cliff Corso, President and CIO at AAM, highlighted the significance of this partnership, stating that CPCI’s availability now extends to over 101,000 financial professionals on the iCapital Marketplace.

CPCI is designed to generate current income with downside protection by offering access to a diversified private credit portfolio focused on sponsor-backed, directly originated assets in U.S. middle-market companies. Dan Vene, Managing Director, Co-Founder, and Co-Head of iCapital Solutions, expressed excitement about offering CPCI on the iCapital Marketplace, emphasizing the platform’s commitment to connecting financial advisors with alternative investment opportunities.

AAM, as the U.S. retail distribution arm of SLC Management, has been actively marketing and distributing CPCI since October 2023. Crescent Capital Group LP, with $43 billion in assets under management, has been a leading middle market lender for over 30 years. This collaboration underscores the growing trend of democratizing access to alternative investments and providing financial professionals with tools to construct diversified portfolios.

The availability of CPCI on the iCapital Marketplace represents a significant step in expanding access to private credit offerings for wealth managers and advisors, further enhancing the range of investment opportunities in the financial landscape.

Leave a Reply

Your email address will not be published. Required fields are marked *