Saturday, June 22, 2024

iCapital and Bain Capital Credit Form Strategic Partnership to Enhance Wealth Managers’ Access to Alternative Investments


iCapital® and Bain Capital Credit Partner to Expand Wealth Managers’ Access to Alternative Investments

In a significant development for the wealth management industry, iCapital, a leading global fintech platform, has announced a strategic partnership with Bain Capital Credit, L.P., a globally recognized credit specialist. This collaboration aims to provide financial advisors and high-net-worth investors with enhanced access to Bain Capital Credit’s private credit strategies through the innovative technology platform of iCapital.

This alliance is set to revolutionize how advisors access select Bain Capital Credit products. Utilizing a customized Bain Capital-branded platform, powered by iCapital, alongside the comprehensive resources available on the iCapital Marketplace, advisors will experience unparalleled operational efficiency. iCapital is committed to supporting the growing interest in alternative investments, offering a robust suite of research, due diligence, and educational materials designed for advisors and investors.

Lawrence Calcano, Chairman and CEO of iCapital, expressed enthusiasm about the partnership, highlighting Bain Capital Credit’s leadership and expertise in private credit investing as vital for guiding investors through this dynamic asset class. “With advisors and their clients increasingly looking to integrate private credit strategies into their portfolios, our partnership with Bain Capital Credit is a pivotal step in ensuring they have the necessary tools, access to products, and educational resources to make informed investment decisions,” Calcano stated.

The appetite among advisors and high-net-worth clients for private credit opportunities has been on the rise, driven by the potential for enhanced income and the diversification benefits these strategies offer. Private credit investments can provide exposure to alternative asset classes with potentially lower market volatility compared to public markets.

Jeffrey Hawkins, Deputy Managing Partner at Bain Capital Credit and Special Situations, shared his perspective on the collaboration: “Leveraging iCapital’s leading technology platform allows us to broaden the accessibility of our alternative investment strategies. This initiative is particularly focused on extending our middle market private credit strategies, which have been a cornerstone of our offerings since 1998, to wealth managers and individual investors beyond our traditional institutional base.”

About iCapital

iCapital is at the forefront of digitizing the alternative investment marketplace. Its comprehensive technology platform offers end-to-end solutions that simplify the complex process of investing in private markets. Serving as a trusted technology partner to independent financial advisors, wealth managers, and asset managers, iCapital’s platform facilitates a streamlined investment lifecycle, incorporating education, transaction support, data management, analytics, and client engagement. With over $180.9 billion in global platform assets, iCapital’s innovative operating system integrates seamlessly into the existing infrastructure of its clients, empowering them to expand their alternative investment offerings efficiently.

About Bain Capital Credit, L.P.

Bain Capital Credit stands as a leading global credit specialist, managing over $45 billion across a broad spectrum of credit strategies. Its comprehensive investment approach encompasses leveraged loans, high-yield bonds, structured products, private middle market loans, and bespoke capital solutions, supported by an extensive team of investment professionals. Bain Capital Credit’s dedication to creating value through meticulous analysis of corporate issuers worldwide is unmatched. Its Private Credit Group is renowned for delivering complete financing solutions to businesses of varying sizes across North America, Europe, and Asia Pacific.

This partnership symbolizes a transformative phase in the realm of wealth management, offering advisors and investors a more accessible passage to alternative investments and private credit strategies. As the financial landscape continues to evolve, such collaborations will likely become crucial in meeting the diverse needs and preferences of the investing community.

Natalie Kimura
Natalie Kimura
Natalie Kimura is a business correspondent known for her in-depth interviews and feature articles. With a background in International Business and a passion for global economic affairs, Natalie has traveled extensively, providing her with a unique perspective on international trade and global market dynamics. She started her career in Tokyo, contributing to various financial journals, and later moved to London to expand her expertise in European markets. Natalie's expertise lies in international trade agreements, foreign investment patterns, and economic policy analysis.

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