iDirect Private Credit Fund

iCapital

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About this fund

iDirect Private Credit Fund is iCapital's interval fund, giving investors access to senior secured direct loans to US middle-market companies, alongside BDCs and CLO tranches, sourced through Audax, Bain Capital and Charlesbank.

Key figures

Net assets$287M

Total assets$343M

Leverage0.20×

Target TWR—

Underlying companies60

Average EBITDA$60M

Strategy

Asset classPrivate Credit

StrategyCo-investments

Sub asset classDirect Lending

Geographic focusUnited States

BenchmarkDL Proxy (SOFR+500)

Target Marketmid-market

Leverage ratio / policy0.5x

Sectors—