Crescent Private Credit Income (CPCI), a non-exchange traded, perpetual-life business development company (BDC) launched by Crescent Capital Group will be made available on iCapital Marketplace.
Through this collaboration, iCapital, a global fintech platform, will provide Advisors Asset Management (AAM), an investment solutions provider, with access to its global network of wealth managers and advisors on the platform, as well as the option to benefit from due diligence services supported by iCapital.
“The partnership with iCapital is considerable for CPCI as its availability now reaches more than 101,000 financial professionals on the iCapital Marketplace,” Cliff Corso, president and chief information officer at AAM, said. “The democratization of alternatives access continues to evolve with the creation of registered fund formats, such as BDCs like CPCI, and it will continue to allow financial professionals to construct a portfolio that could potentially lead to quality results for income, diversification and alpha generation.”
“We are thrilled to partner with AAM and Crescent to offer CPCI on the iCapital Marketplace,” Dan Vene, managing director, co-founder and co-head of iCapital Solutions, said. “This partnership strengthens our dedication to connecting financial advisors with alternative investment opportunities offered by the world’s leading investment providers and asset managers.”
AAM began marketing and distributing CPCI in October 2023 as the U.S. retail distribution arm of SLC Management, the $277 billion (as of March 31, 2024) institutional fixed income and alternatives asset manager.
