Advisors gain new access to BlackRock’s private credit strategy with simplified entry and reporting
Canadian wealth managers and their accredited investor clients now have access to BlackRock’s private credit strategy through a Canadian access vehicle for the first time.
The new solution, delivered via iCapital’s platform, introduces an evergreen investment vehicle available in both CAD-hedged and USD-denominated options, with a simplified subscription process and reduced investment thresholds.
Historically, private credit strategies such as BlackRock’s have been available only to institutional investors.
The new Canadian-access solution enables advisors to offer clients exposure to directly originated senior secured loans, with a focus on yield potential and capital preservation through collateral and covenant protections.
The launch has received initial investment from clients of Westcourt.
Robert Janson, chief investment officer at Westcourt Capital, said, “Westcourt Capital conducted a global search and is pleased to have access to BlackRock’s private credit strategy through the iCapital Canadian fund structure.”
He added that the firm is allocating to BlackRock as a solution for its clients.
The investment vehicle is available through advisor channels and is designed to streamline the process for subscribing, allocating, and reporting on private credit investments.
