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Idirect Private Credit Advisors LLC

New York, NYSEC-registered investment adviserCRD 333824

Filed as IDIRECT PRIVATE CREDIT ADVISORS LLC

Idirect Private Credit Advisors LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 30, 2026.

1 year
registered since 2024
$290,944,474
assets under management
1 arrangement
Percentage of assets
None
disclosure items (Item 11)

Quick answers

From the filing

How is Idirect Private Credit Advisors LLC compensated?

On its Form ADV (Item 5.E, October 2026), Idirect Private Credit Advisors LLC reports these compensation arrangements: a percentage of assets under its management.

Where is Idirect Private Credit Advisors LLC located?

Idirect Private Credit Advisors LLC's principal office is in New York, NY, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F).

Is Idirect Private Credit Advisors LLC registered with the SEC or a state?

Idirect Private Credit Advisors LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 333824.

How much does Idirect Private Credit Advisors LLC manage?

Idirect Private Credit Advisors LLC reports $290,944,474 in regulatory assets under management in its Form ADV filing dated June 30, 2026 (100% discretionary).

How have Idirect Private Credit Advisors LLC's assets and staff changed since 2025?

In the Form ADV data for Idirect Private Credit Advisors LLC: Regulatory assets under management: $12,948,705 in the October 2025 data and $290,944,474 in the October 2026 data, up 2147%. Total employees: 113 in October 2025 and 158 in October 2026. Assets under management move with markets as well as with clients coming and going.

What types of clients does Idirect Private Credit Advisors LLC serve?

By number of clients on Form ADV Item 5.D: investment companies (1).

Does Idirect Private Credit Advisors LLC report any disciplinary disclosures?

Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/333824

What changed in Idirect Private Credit Advisors LLC's recent Form ADV filings?

In the April 2026 filing data: Regulatory assets under management went from $12,948,705 to $290,944,474 (+2147%). Employees performing advisory functions went from 10 to 21. Updated its list of owners and control persons (Schedule A).

From the Form ADV filing

Every figure below is as the firm filed it with regulators, as of October 2026.

How the firm is compensated

Item 5.E
  • A percentage of assets under your management

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

Regulatory assets under management

Item 5.F
$290,944,474

$290,944,474 as of October 2026, filing dated June 30, 2026.

Discretionary: $290,944,474.Non-discretionary: $0.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

Who the firm serves

Item 5.D
Individuals (other than high net worth individuals)
Clients 0 Assets $0 (0%)
High net worth individuals
Clients 0 Assets $0 (0%)
Banking or thrift institutions
Clients 0 Assets $0 (0%)
Investment companies
Clients 1 Assets $290,944,474 (100%)
Business development companies
Clients 0 Assets $0 (0%)
Pooled investment vehicles (other than investment companies and business development companies)
Clients 0 Assets $0 (0%)
Pension and profit sharing plans (but not the plan participants or government pension plans)
Clients 0 Assets $0 (0%)
Charitable organizations
Clients 0 Assets $0 (0%)
State or municipal government entities (including government pension plans)
Clients 0 Assets $0 (0%)
Other investment advisers
Clients 0 Assets $0 (0%)
Insurance companies
Clients 0 Assets $0 (0%)
Sovereign wealth funds and foreign official institutions
Clients 0 Assets $0 (0%)
Corporations or other businesses not listed above
Clients 0 Assets $0 (0%)
Other
Clients 0 Assets $0 (0%)

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

Advisory services

Item 5.G
  • Portfolio management for investment companies (and business development companies)

Registration and firm details

Items 1, 2, 5
Registration
SEC-registered investment adviser. Status as filed: Approved.
Registered since
2024 (1 year)
Employees
Total: 158. Performing investment advisory functions: 21.
Wrap fee program participation
No.
Other offices (Schedule D, Section 1.F)
1 other office, as of the July 2026 filing
Greenwich, CT
States registered or notice-filed
1 state or jurisdiction
CT

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

Disclosures

Item 11

None Reports no disclosure items on Form ADV Item 11. View on IAPD.

Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures

Assets and staff over time

Items 5.A, 5.F
$12.9M 2025 $291M 2026
Data periodAssets under managementEmployeesFiling dated
October 2026$290,944,474158June 30, 2026
October 2025$12,948,705113July 16, 2025

Regulatory assets under management: $12,948,705 in the October 2025 data and $290,944,474 in the October 2026 data, up 2147%.

Total employees: 113 in October 2025 and 158 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

Changes in the filing

Last 12 months
  1. April 2026
    • Regulatory assets under management went from $12,948,705 to $290,944,474 (+2147%).
    • Employees performing advisory functions went from 10 to 21.
    • Updated its list of owners and control persons (Schedule A).

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.

Websites listed on Form ADV

Item 1.I
icapitalnetwork.comidirectinvestments.com

Source: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."

Cite this page

AdvisorCensus. Idirect Private Credit Advisors LLC (CRD 333824): Form ADV filing data as of October 2026.
https://advisorcensus.com/firm/idirect-private-credit-advisors-llc-new-york-ny-333824