Socium strengthens its service solutions for private credit and debt funds.
NEW JERSEY – SEPTEMBER 19, 2023: Socium Fund Services, a Suntera Global company, announces the launch of its Loan Agency and Loan Administration service offering. This new offering will further enhance the firm’s fund administration solutions for private credit funds.
With its longstanding commitment to delivering excellence in fund administration, the new service offering confirms Socium’s status as a highly skilled, seasoned financial services provider. Through this new offering, Socium will deliver a full suite of loan agency services covering all asset classes, including term loans, delayed draw loans, convertibles, hard money loans, and bank debt.
“Our new Loan Agency and Loan Administration service is a testament to our commitment to innovation and excellence,” stated Michael Von Bevern, Co-Managing Director, Americas. “Our unwavering dedication to our clients, regardless of transaction scale or status, positions Socium to provide comprehensive solutions that effectively address the intricate demands each loan necessitates. As a company, we look forward to raising the bar once again and setting new standards in the fund administration landscape.”
The Loan Agency and Loan Administration service brings a new level of efficiency, transparency and expertise to the management of loans and related activities. Clients will receive a seamless experience as Socium leverages its deep industry knowledge and state-of-the-art technology to streamline processes, mitigate risks and ensure compliance with the most stringent regulatory standards.
Key features of the Loan Agency and Administration offering include:
- Comprehensive Loan Lifecycle Management: Socium will oversee every stage of the loan lifecycle, from origination and documentation to disbursement, servicing and maturity. This end-to-end approach guarantees a holistic and accurate administration process.
- Customizable Solutions: Recognizing that each client’s needs are unique, Socium offers tailor-made solutions that can be adapted to fit specific loan types, industries and regulatory requirements.
- Advanced Technology Integration: The offering is underpinned by cutting-edge technology that facilitates real-time monitoring, reporting and analytics, empowering clients with actionable insights for informed decision-making.
- Risk Mitigation and Compliance: With a dedicated focus on risk management and compliance, Socium ensures that clients’ loan portfolios adhere to the latest industry regulations and best practices.
- Expert Support: Clients will benefit from the expertise of Socium’s seasoned professionals, who bring a wealth of knowledge and experience to each client relationship, ensuring that loan administration is executed with precision and accuracy.
Newly appointed Head of Loan Agency and Administration, Harvey Tian, will ensure the smooth and compliant execution of loan administration services to a global client base and support the growth of the firm’s loan-related services. Formerly with Alter Domus, Harvey brings a wealth of expertise and experience to Socium.
“Private Credit has seen significant capital inflow and durable excess return over the past decade,” shared Harvey Tian, Head of Loan Agency and Administration. “With the continuing consolidation of the middle-market banking landscape and global economic dynamics, the rise in private credit and associated demand for external loan agency and administration services finds Socium primed to respond.”
Socium remains dedicated to its core values of client-centricity, integrity and innovation. The Loan Agency and Administration offering is poised to play a pivotal role in Socium’s continued growth.
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