Constant
Constant, formerly known as Jottix, is a fintech company based in New York specializing in asset management within the private credit sector, targeting financial advisors and high-net-worth individuals.
Company Overview
Constant, previously known as Jottix, operates in the fintech industry with a focus on asset management. Based in New York, NY, USA, the company also supports a fully remote team. Constant participated in the Y-Combinator's Winter 2023 batch and targets financial advisors and high-worth individuals, providing a specialized platform for investing in private credit.
Services
Constant offers a platform for investing in private credit, featuring potential yields exceeding 10%. The company provides guidance throughout the investment process, enabling the pooling of client capital to meet lower minimum investment requirements. This service allows investors to access top private credit funds and aims to offer lower risk and diversification compared to public credit markets.
Market Characteristics
Private credit is a $1.4 trillion asset class that has grown by more than 350% since 2010 and is expected to grow approximately 18% annually over the coming years. Historically, private credit has returned around 10% annually over the past two decades while showing lower risk compared to public credit. This asset class also serves as an inflation hedge, with interest rates adjusting to the economy, and offers a return premium in exchange for lower liquidity.
Investment Benefits
Constant's platform allows investors to diversify their portfolios with low correlation to other asset classes. Private credit markets are considered inefficient, offering top funds opportunities to achieve better returns. The platform is designed for investors seeking a return premium and an inflation hedge, aiming to leverage market inefficiencies for better investment outcomes.
Accessibility
Constant's investment platform operates on an invite-only basis, emphasizing exclusivity and targeted access. This approach is intended to ensure that only qualified financial advisors and high-worth individuals can access the platform, maintaining a high standard of service and maintaining the integrity of the investment process.