In the Dec. 18, 2020 article in Debtwire (https://www.debtwire.com/info), Cadence was highlighted as anticipated funds raised via both retail and institutional platforms for 2021 may reach $700M, more than quadrupling the 2020 total. Nelson also spoke about the 2020 growth Cadence achieved.
“The total amount of money raised through its platforms to its originators grew 500% year over year in 2020 to USD 158m,” Cadence founder Nelson Chu said.
Cadence is the leading digital securitization and investment platform for private credit. The company has developed a suite of software and services to streamline the securitization process from end to end. Cadence is the only platform built with both institutional and retail investors in mind, integrating directly into their existing workflows with high-yield, short-duration investment products.
[This archived post was released at a time when Percent was formerly known as Cadence.]