CAIS and Solactive Launch “First-of-Its-Kind” Benchmark for Non-Traded BDCs 

CAIS has partnered with German index provider Solactive to launch the Solactive CAIS Private Credit BDC Index (CAISCRED)—a groundbreaking benchmark offering transparent, rules-based tracking of private credit exposure via perpetual non-traded business development companies (BDCs). 

CAISCRED is independently calculated by Solactive using a rules-based methodology and is rebalanced quarterly. It measures the net performance of 40 perpetual non-traded BDCs, representing a combined $130 billion in net assets and more than 8,000 underlying private credit loans, making it the first index of its kind to capture such broad exposure in the private credit space.   

The launch addresses a long-standing gap in the marketplace. “Advisor demand for registered products continues to grow, but until now, advisors have often relied on fragmented benchmarking and data analytics when analyzing private market allocations,” said Neil Blundell, CIO at CAIS Advisors. “This index series seeks to deliver transparent, reliable benchmarks that allow advisors to better evaluate, track, and compare private market allocations.” 

The new benchmark aims to serve as a key reference point for wealth advisors navigating growing client interest in private credit, particularly through registered, semi-liquid structures. 

CAIS, headquartered in New York, provides access to a wide range of alternative investment products and is used by more than 2,000 wealth management firms, representing 50,000 financial advisors who collectively oversee approximately $6.5 trillion in end-client assets.