Appointments of Bina Shetty as Chief Commercial Officer and Cecil Smart as Chief Credit
Officer come as Percent surpasses $2 billion in total volume
NEW YORK, Aug. 27, 2026 /PRNewswire/ — Percent, the platform powering modern private credit markets through access, liquidity and data, today announced the appointments of Bina Shetty as Chief Commercial Officer and Cecil Smart as Chief Credit Officer, strengthening its leadership team as the company scales its asset management capabilities.
The expansion of executive leadership comes alongside continued platform growth. Percent ended Q2 with $346.9 million in platform AUM, up $67.0 million over the last year, a 23.9% increase.
That growth reflects increasing institutional adoption of Percent’s asset management business and of the technology that supports it, including white-label partnerships. Institutional and individual investors are using the same infrastructure, which Percent is building to bring access, liquidity optionality and data to every participant in the private credit market. Shetty and Smart take direct ownership of the two functions institutional investors weigh most heavily when evaluating a manager: commercial relationships and credit.
“Percent has spent years building the infrastructure for a more transparent and efficient private credit market. Now we’re scaling the organization and specifically the investment capabilities built on top of that foundation,” said Prath Reddy, CFA, Co-Founder and CEO of Percent. “Bina and Cecil bring clear senior accountability across commercial growth and credit as we expand into the ways institutional investors increasingly access private credit and continue building on our lower middle market lender finance focus on the asset management side.”
As Chief Credit Officer, Smart will oversee Percent’s credit strategy, underwriting standards, portfolio surveillance and workout management. He brings more than 20 years of structured finance experience, most recently at Sixth Street, after previously leading the Commercial ABS group at Kroll Bond Rating Agency. Shetty, previously Head of Originations at Percent, will serve as Chief Commercial Officer, overseeing originations, borrower relationships and investor relations. She brings more than 25 years of investment banking experience, with prior roles at Merrill Lynch, CIBC World Markets and Canaccord Genuity. Together, the appointments establish dedicated leadership across Percent’s commercial and credit functions as the company continues to scale its investment activities.
Percent has also expanded its focus on managed private credit products. Separately Managed Accounts (SMAs), managed by Percent Advisors LLC, provide mandate-driven private credit portfolios built to clients’ stated investment parameters. Percent’s Secondary Market is available for investors to offer positions for sale before maturity. A sale requires a buyer and is not guaranteed.
Percent also climbed 345 spots in the Inc. 5000 ranking, rising from No. 1,301 in 2025 to No. 956 in 2026. The recognition comes as Percent continues to scale its private credit infrastructure, expand its managed investment capabilities and build out the leadership team to support its next phase of growth.
About Percent
Percent is unlocking private credit by enabling efficient access, liquidity optionality, and data for all market participants. Through its digital primary issuance and secondary markets platform, Percent provides all deal counterparties with a unified environment to source, structure, distribute, service and trade private credit assets. Founded in 2018, Percent has facilitated billions in private credit transaction volume — bringing transparency and standardization to a historically fragmented asset class. For additional information, please visit www.percent.com.
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SOURCE Percent
