“We‘re service managers that offer more niche-type strategies than your typical direct lending,” said Jess Larsen, Founder and CEO of BCP. “The innovative nature of these mandates means that our platforms must be equally robust. Choosing the DealCloud platform to digitally manage our capital raising efforts and institutional investor relationships was a natural fit.”
BCP, which made its debut on February 24, will provide fundraising services to private credit investment firms with fund sizes up to $1.5 billion and Fund II or higher. The BCP model seeks alignment with its managers by generally focusing on 6 to 8 noncompeting mandates at any given time, through a cost structure based on the realization and success of the fundraise.
“Briarcliffe Credit Partners seeks to capitalize on the increased complexity and growth of the private credit market and we’re excited to be a part of the firm’s journey to success,” said Ben Harrison, President of Financial Services at DealCloud. “BCP is building a team of credit experts and we believe our technology will be a driving force in their relationship management efforts —helping the firm stay ahead of the competition in the market.”
DealCloud, an Intapp company, provides a single-source deal, relationship, and firm management platform that enables firms to power their deal-making process from strategy to origination to execution. We offer fully configurable solutions purpose-built for the complex relationships and structures of private equity and growth capital firms, investment banks, private and publicly traded companies, debt capital providers, and other investors. For more information, visit www.dealcloud.com.
About Briarcliffe Credit Partners
Briarcliffe Credit Partners is a private credit placement agent. Headquartered in New York, BCP seeks to capitalize on the increasing complexity and growth of the private credit market. The firm will provide fundraising services to private credit investment firms focusing on niche strategies outside direct lending, with fund sizes up to $1.5 billion and potentially higher. For more information, please visit briarcliffepartners.com.