Separately Managed Accounts for Private Credit.

Institutional-grade portfolios. Curated to your mandate. Built on Percent.

Why SMAs with Percent

Sophisticated investors have long faced a tradeoff in private credit: the operational drag of sourcing and managing direct deals versus the opacity and lack of control inherent in commingled funds.

Percent SMAs resolve this dilemma. We’ve engineered an institutional-grade solution that offers a flexible middle ground—a portfolio that can be constructed and managed exclusively for you, without the operational burden. It's your strategy, powered by our infrastructure.

The Percent SMA Advantage

Curated Deal Flow

Access to select private deals on Percent’s platform that align with the mandate – whether it's a model portfolio or custom tailored to your preferences.

Operational Simplicity

Percent acts as an investment advisor to source, diligence, allocate, service, and optimize within your parameters—no operational burden for you.

Designed for Income

Many underlying structures distribute monthly. Build a steady income stream while your portfolio compounds.

Full Transparency

User-friendly dashboard with position-level visibility, surveillance reporting, and performance metrics for every deal in your portfolio.

Competitive Fee Structure

1% annual management fee plus 10% servicing fee on coupon—a more efficient structure than traditional alternative managers.

Priority Access

SMA clients receive allocation priority in oversubscribed deals versus self-directed accounts.

HOW IT WORKS

Choose Your Path to Private Credit

Pick a professionally designed model portfolio or tailor a custom mandate with a dedicated account manager.

Model Portfolios ($50k - $250k)

Start with professionally designed strategies optimized for different risk profiles. Streamlined, low-touch entry to private credit with predefined guardrails.

Conservative

• 100% US Senior ABS
• Lower risk profile with focus on domestic, senior positions
• 20% maximum deal concentration

Moderate

• 50% US Senior ABS / 50% diversified exposure across Non-US Senior and Junior ABS
• Balanced approach across geographies and seniority
• 20% maximum deal concentration

Aggressive

• 100% Global Senior and Junior ABS
• Maximum diversification across all eligible opportunities
• 20% Maximum deal concentration

Custom Mandates ($250k+)

Work directly with a dedicated account manager to build a fully bespoke portfolio. Start from our model portfolios and customize geographic focus, seniority preferences, concentration limits, and specific borrower selections.

Your Path to a Private Credit SMA

1. Initial Consultation
   Discuss your objectives and determine whether model portfolios or a custom mandate is the best fit.

2. Account Structuring
   Formalize your SMA with straightforward documentation, reporting preferences, and investment parameters.

3. Portfolio Construction
   We deploy capital into deals that match your selected strategy and secure allocations per your mandate.

4. Active Management
   Ongoing servicing, monitoring, and transparent reporting with periodic reviews to maintain alignment.

Powered by Deep Expertise in Asset-Based Private Credit

Our market leadership is built on a foundation of proprietary technology and rigorous underwriting, allowing us to structure and manage a diverse range of private credit opportunities.

$1.62B Capital Invested

870 Investment Opportunities

16.44% Current WA Coupon

2.05% Lifetime Default Rate

Individual HNW Investors & Family Offices

For those seeking passive, yet controlled, exposure to private credit. Ideal for investors looking to make a significant, dedicated allocation without the operational complexity.

Registered Investment Advisors (RIAs) & Wealth Managers

Expand your alternatives offering seamlessly. White-label capabilities allow you to provide clients with a custom-branded private credit solution, with full back-office support handled by Percent.

Frequently Asked Questions

• What are the minimums?
  Model portfolios are available from $50,000 to $250,000. Custom mandates with dedicated account management begin at $250,000.

• How is an SMA different from self-directed investing on Percent?
  Self-directed investors analyze and allocate deal by deal. With an SMA, Percent manages sourcing, allocation, servicing, and monitoring within your pre-set parameters while providing full transparency.

• What's the difference between model portfolios and custom mandates?
  Model portfolios offer three pre-designed strategies. Custom mandates allow full personalization of investment criteria, concentration limits, and borrower preferences with dedicated support.

• What about liquidity?
  Private credit investments are generally illiquid and intended for investors who can hold to term. Distribution timing and reinvestment cadence depend on the investment strategy and underlying deal terms.

• What are the fees?
  Percent charges a 1% annual management fee on assets under management, plus a 10% servicing fee on coupon payments.

• Who is eligible?
  SMAs are available to qualified, accredited investors and institutions. Additional requirements may apply.

• Can I white-label this for my clients?
  Yes. RIAs and wealth managers can deliver custom-named solutions while Percent provides portfolio construction, servicing, and reporting.