Alternative investment platform iCapital has partnered with Golub Capital, a direct lender, to bring its personal credit strategies to advisors on the iCapital platform.
Golub’s investment will be available to over 10,000 advisors on iCapital’s flagship platform. In addition, iCapital will create a portal for Golub and its existing customers.
As part of the agreement, iCapital will provide advisors with educational materials and manage investments.
Golub has over $45 billion in capital under management and expertise in debt financing for companies backed by private equity. The firm offers late stage lending, syndicated loans and other types of credit.
iCapital, which was founded in 2013, facilitates more than $115 billion in client assets across some 970 funds. The firm’s stated mission is to remove friction for financial advisors from investing in alternative assets, making transactions and administration equivalent to buying mutual funds.
Last July, iCapital announced that it had raised $440 million from an international group of new and returning investors, valued at $4 billion.