Key Takeaways
- • Sound Point Capital Management, LP, an alternative credit manager with over $45 billion in assets under management as of June 30, 2025, announced a partnership with CAIS to expand access to its private credit strategies through the wealth management channel.
- • CAIS platform serves over 2,000 wealth management firms and more than 62,000 financial advisors overseeing approximately $7.5 trillion in end-client assets, according to the release.
- • A CAIS-Mercer survey cited in the release found 89% of financial advisors are allocated to private debt and 91% plan to increase alternatives allocations over the next two years.
- • The partnership is positioned as a channel expansion for institutional-quality private credit into advisor-led portfolios; no financial terms were disclosed.
Summary
Sound Point Capital Management, LP ("Sound Point"), a New York-based alternative credit manager with over $45 billion in assets under management, has entered a partnership with CAIS, described as the leading alternative investment platform for independent financial advisors. Under the collaboration, Sound Point will join the CAIS platform to make its institutional-quality private credit strategies available to financial advisors and their wealth management clients, according to the company's Business Wire announcement dated December 4, 2025.
Stephen Ketchum, Founder and Managing Partner of Sound Point, said the partnership represents an important step in broadening the firm's reach and supporting advisors as they incorporate private credit into client portfolios. Brad Walker, President of CAIS, said the relationship bridges the gap between managers and advisors and aligns with CAIS's mission to expand access, enhance education and drive greater choice across the alternatives landscape.
The release cites a CAIS-Mercer survey, drawn from "The State of Alternative Investments in Wealth Management 2025" published January 29, 2025, showing 89% of advisors are currently allocated to private debt and 91% plan to increase alternatives allocations over the next two years. The announcement also notes the continued work of Sound Point's Private Wealth team, led by Merrill Martin, to grow the firm's reach among a broader investor base.
Sound Point, founded in 2008, manages capital for pensions, foundations, insurers, wealth firms and family offices across leveraged loans, special situations, distressed debt, structured credit, direct lending and commercial real estate credit. Stephen J. Ketchum is the controlling shareholder. CAIS, founded in 2009 and headquartered in New York City, serves more than 2,000 wealth management firms. The release notes that CAIS Capital LLC is a FINRA member and that the endorsements included were provided by a CAIS executive, with a disclosed conflict of interest given the commercial relationship.
Stephen Ketchum, Founder and Managing Partner of Sound Point, said the partnership represents an important step in broadening the firm's reach and supporting advisors as they incorporate private credit into client portfolios. Brad Walker, President of CAIS, said the relationship bridges the gap between managers and advisors and aligns with CAIS's mission to expand access, enhance education and drive greater choice across the alternatives landscape.
The release cites a CAIS-Mercer survey, drawn from "The State of Alternative Investments in Wealth Management 2025" published January 29, 2025, showing 89% of advisors are currently allocated to private debt and 91% plan to increase alternatives allocations over the next two years. The announcement also notes the continued work of Sound Point's Private Wealth team, led by Merrill Martin, to grow the firm's reach among a broader investor base.
Sound Point, founded in 2008, manages capital for pensions, foundations, insurers, wealth firms and family offices across leveraged loans, special situations, distressed debt, structured credit, direct lending and commercial real estate credit. Stephen J. Ketchum is the controlling shareholder. CAIS, founded in 2009 and headquartered in New York City, serves more than 2,000 wealth management firms. The release notes that CAIS Capital LLC is a FINRA member and that the endorsements included were provided by a CAIS executive, with a disclosed conflict of interest given the commercial relationship.
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