iDirect Private Credit Fund
Raised
$52M
Investors
131
Min Invest
None stated
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AltStreet Analysis
·Generated from EDGAR primary sources
iDirect Private Credit Fund is a Delaware pooled investment fund that raised $51.7M from 131 investors under Rule 506(b) and Section 3(c) exemptions. The fund is managed by iCapital PE GP, LLC with Michael Stanton as executive officer. No minimum investment amount was disclosed on the filing.
This private credit fund follows the standard 506(b) exemption pattern for institutional alternative investments, typical of pooled investment vehicles targeting accredited investors. With 131 investors and $51.7M raised, the average commitment is approximately $395K, consistent with institutional and high-net-worth private credit allocations.
Data Flags
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFund Filings
Interval fund (811-24031). Figures are the fund's own from Forms N-PORT and N-CEN and its repurchase filings on SEC EDGAR. "Marks" is the share of holdings at Level 3 or carried at NAV. All registered funds AltStreet tracks.
- Net assets
- $278.3M at Jun 30, 2026
- Holdings
- 217 positions, $346.0M
- Marks
- 75% of holdings at Level 3 or carried at NAV
- Adviser
- iDirect Private Credit Advisors, LLC
- Fees (N-CEN)
- management fee 1.25%, net operating expenses 1.86% for the year to Mar 31, 2026
- Auditor
- PricewaterhouseCoopers LLP
- Latest repurchase offer
- N-23C3A filed Aug 14, 2026, requests due Sep 8, 2026
Checking your access
Filings on Record
Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.
AltStreet Coverage
Original reporting from AltStreet's daily EDGAR monitoring covering iCapital and its filings.
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In the Terminal
Filing events
1
latest Dec 2, 2024
Critical / warning
0 / 0
1 watch · 0 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
lapsed
Latest event New filer · Dec 2, 2024
SEC.govInvestor
- The dated record: 69 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
- 1 filing event with values and deltas, latest 2024-12-02, and alerts on the next one
- 1 offering timeline: velocity, share raised, first-sale lag, stalled flags
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Regulatory Activity
Filing events on this entity detected by AltStreet's EDGAR monitoring.
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Get the signal feedRelated Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
N/A iCapital PE GP, LLC
Promoter · New York, NY
Michael Stanton
Executive Officer · New York, NY
Questions About iDirect Private Credit Fund
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is iDirect Private Credit Fund?
iDirect Private Credit Fund is a Delaware limited partnership that filed a Form D with the SEC on December 2, 2024 as a other investment fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(7) for an offering of equity and pooled investment fund interests. AltStreet links the issuer to iCapital.
Is iDirect Private Credit Fund legit?
AltStreet does not rate legitimacy; it reports the public record. iDirect Private Credit Fund filed a Form D with the SEC on December 2, 2024 claiming Rule 506(b), Section 3(c), Section 3(c)(7). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $51,726,000 sold to 131 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to iCapital, which AltStreet has reviewed. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.
Is iDirect Private Credit Fund registered with or approved by the SEC?
No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that iDirect Private Credit Fund claimed Rule 506(b), Section 3(c), Section 3(c)(7) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.
How much has iDirect Private Credit Fund raised?
iDirect Private Credit Fund reported $51,726,000 sold from 131 investors in an offering of indefinite size as of the Form D filed December 2, 2024.
Who can invest in iDirect Private Credit Fund?
The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. Because the fund also relies on Section 3(c)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. The filing reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated.
What is the minimum investment in iDirect Private Credit Fund?
The Form D lists the minimum investment as $0, which means the issuer did not state a minimum on the form. The offering documents, not the Form D, set the actual subscription terms.
Who is selling iDirect Private Credit Fund and how are they paid?
The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.
Who is behind iDirect Private Credit Fund?
The Form D lists 2 related persons: iCapital PE GP, LLC, promoter (General Partner of the Issuer); Michael Stanton, executive officer (Authorized Signatory of the General Partner). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is iDirect Private Credit Fund located?
The issuer's address on its SEC filings is 60 East 42nd Street 26th Fl, New York, NY 10165. Its phone number of record is 212.994.7344. It is organized under the laws of Delaware.
How long is the iDirect Private Credit Fund offering open?
The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open, and no amendment is on record yet.
How large is iDirect Private Credit Fund?
The issuer declined to disclose its net asset value range on the Form D, which the form permits.
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Data Methodology
Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.