Striking a nerve

December 18, 2023

Bryan and I went to [ ] last week to visit a huge asset manager with thousands of advisors. Thanks to an introduction from one of our board members, we spent the day with them walking them through our story, our history, and what we could offer them with our blended notes. For an organization as large as this, they were incredibly receptive to what we could do for their advisory clients. They have been hearing all about private credit in the news, they know their clients want it, and to date they have not been able to offer anything remotely close to what we can provide. Getting things off the ground won't be quick but they're committed to getting a pilot out the door with their top advisors in the first half of 2024. 

The key selling points were the ability to access lower middle market private credit, the average annualized returns that outpace the likes of KKR and Ares, the minimal fee structure when compared to other leading private credit funds, and the speed at which we could get things going. It's incredibly telling that an organization as large as this sees the potential for what we have to offer. Given all the success we've had with getting family offices, investment advisors, and credit funds on board with our products, it's clear we've struck a nerve with a message that's resonating. It couldn't be coming at a better time as we head into 2024.

6 months into this strategy and we closed on [ ] family offices, investment advisors, corporates, and a credit fund. A strategically important number [ ] is only a few months away