CIFC Asset Management, the $47bn (£35bn) alternative credit specialist, has launched its direct lending strategy on iCapital Marketplace.

The strategy focuses on lending to US lower middle market companies. The launch on the marketplace provides an opportunity for the firm to explore how managers are expanding private credit access for wealth investors, and what advisers should evaluate as the range of available strategies grows, the company said in a statement.

CIFC focuses on senior secured, floating-rate loans to U.S. companies with $50m to $500m in revenue, emphasising financial covenants and cash-pay interest. To date, its direct lending portfolio has included no covenant-lite loans.