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Adviser Profile

As of Date 05/14/2024
Adviser Type - Large advisory firm
Number of Employees 45 4.65%
of those in investment advisory functions 30 3.45%
Registration SEC, Approved, 6/29/2021
AUM* 11,449,728,000 39.11%
of that, discretionary 11,329,754,000 40.21%
Private Fund GAV* 10,977,885,000 27.82%
Avg Account Size 238,536,000 4.34%
SMA’s No
Private Funds 37 7
Contact Info 917 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Pension and profit sharing plans
- State or municipal government entities
- Insurance companies

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
8B 7B 6B 5B 3B 2B 1B
2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count3 GAV$638,517,000
Fund TypePrivate Equity Fund Count11 GAV$1,758,552,000
Fund TypeSecuritized Asset Fund Count21 GAV$8,571,358,000
Fund TypeOther Private Fund Count2 GAV$9,458,000

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Brochure Summary

Overview

Irradiant Partners is a Delaware limited partnership that was established in June 2021 by Michael Levitt, John Eanes and Jonathan Levinson. Irradiant Partners is indirectly, wholly owned by its employees and senior management. Michael Levitt is the Chairman of Irradiant Partners and Messrs. Eanes and Levinson are the Co-Chief Executive Officers of Irradiant Partners. Elizabeth Greenwood is the General Counsel and Chief Compliance Officer of Irradiant Partners. Bjorn Sperber is the Chief Financial Officer of Irradiant Partners. Irradiant Partners, IPCCA, Irradiant Solutions Manager and Irradiant ROP Manager are under common control. IPCCA is a Delaware limited partnership organized in August 2022. IPCCA is indirectly, wholly owned by employees and senior management of Irradiant Partners. Michael Levitt is the Chairman of IPCCA and Messrs. Eanes and Levinson are the Co-Chief Executive Officers of IPPCA. Elizabeth Greenwood is the General Counsel and Chief Compliance Officer of IPCCA. Bjorn Sperber is the Chief Financial Officer of IPCCA. IPCCA is a “related adviser” of Irradiant Partners under Rule 203A-2(b) of the Advisers Act. IPCCA has a separate Form ADV (Parts 1 and 2) but is part of a common investment advisory business with Irradiant Partners. Irradiant Solutions Manager is a Delaware limited partnership organized in May 2017. Irradiant Solutions Manager is indirectly, wholly owned by employees and senior management of Irradiant Partners. Irradiant Solutions Manager is an affiliated “relying adviser” of Irradiant Partners and is part of Irradiant Partners’ Form ADV umbrella registration. Irradiant ROP Manager is a Delaware limited partnership organized in September 2019. Irradiant ROP Manager is indirectly, wholly owned by employees and senior management of Irradiant Partners. Irradiant ROP Manager is an affiliated “relying adviser” of Irradiant Partners and is part of Irradiant Partners’ Form ADV umbrella registration. Irradiant provides advisory services to private funds, separately managed accounts, and co- investment vehicles (each, a “Client,” and collectively, the “Clients”). Our committed capital comes primarily from institutional investors, including pension plans, endowments and insurance companies. Irradiant engages in alternative investing primarily through private pooled vehicles and to a lesser extent separate accounts and sub-advisory relationships. Irradiant focuses on generating returns across several strategies, which include liquid credit, opportunistic credit, and renewable private equity and credit. As of December 31, 2023, Irradiant had assets under management totaling approximately $11.4 billion across three strategies:
• “Liquid Credit Strategy”: This strategy invests in syndicated leveraged loans, through Irradiant’s managed CLO platform as well as third-party managed CLO equity and debt.
• “Renewables Strategy”: This is a private strategy that invests across the capital structure in renewable energy infrastructure and other-impact related sectors.
• “Solutions Strategy”: This is an opportunistic strategy that invests primarily in highly structured, idiosyncratic and complex
opportunities. It focuses on private credit but may also invest in private equity and public securities. While Irradiant seeks to integrate certain environmental, social and governance (“ESG”) factors into its investment process, there is no guarantee that Irradiant’s ESG strategy will be successfully implemented or that investments will have a positive ESG impact. Applying ESG factors to investment decisions involves qualitative and subjective decisions and there is no guarantee the criteria used by Irradiant to formulate decisions regarding ESG, or Irradiant’s judgment regarding the same, will reflect the beliefs or values of any particular investor. There are significant differences in interpretation of what constitutes positive ESG impact and those interpretations are rapidly changing. Privately Offered Pooled Investment Vehicles Irradiant serves as investment adviser to privately offered pooled investment vehicles formed as limited partnerships or limited liability companies (where Irradiant or a controlled subsidiary is the general partner or manager), or offshore entities. Irradiant’s pooled investment vehicles will be available only to investors who are “accredited investors” under the Securities Act of 1933, as amended (the “1933 Act”), and “qualified clients” under the Investment Advisers Act of 1940, as amended (“Advisers Act”). In most cases, investors must also be “qualified purchasers” under the Investment Company Act of 1940, as amended (“1940 Act”). These pooled investment vehicles are not made available to the general public and are not registered investment companies. Irradiant’s private pooled investment vehicles are managed by Irradiant Partners, IPCCA, Irradiant Solutions Manager or Irradiant ROP Manager, as the case may be, in their sole discretion. Irradiant’s private pooled investment vehicles are closed-end funds, where each investor makes an up-front commitment to contribute a stated amount of capital as it is called by Irradiant Partners, IPCCA, Irradiant Solutions Manager or Irradiant ROP Manager, as the case may be, for investment, and generally may not withdraw capital prior to the end of the stated multi-year term of the fund. Collateralized Loan Obligations Irradiant Partners acts as collateral manager for collateralized loan obligations (“CLOs”) and manages private commingled funds (private equity style funds) designed to invest in Irradiant-managed CLOs as well as third party-managed CLOs. Separate Accounts In addition to managing the investment vehicles described above, Irradiant Partners serves as investment adviser or sub-adviser to separate accounts for institutional Clients. Irradiant Partners may act in such a capacity under an investment advisory agreement or as the manager of a joint venture limited liability company or limited partnership. These accounts invest in the same strategies generally employed by one or more of Irradiant’s pooled investment vehicles, but generally have modified investment guidelines that are tailored to the individual objectives of the Client. Irradiant does not participate directly in any wrap-fee programs.