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.