NEW
YORK, July 26, 2023 /PRNewswire/ -- To more
efficiently manage complex private credit loan portfolios and scale
its middle- and back-office operations, Socium Fund Services, a
Suntera Global Company and leading private credit fund
administration firm, has implemented the Sentry loan portfolio
management technology from global Fintech leader Broadridge
Financial Solutions, Inc. (NYSE:BR).
"We're strengthening our technology infrastructure and building
on our deep technical expertise in managing complex private credit
portfolios on behalf of our clients," said Jason Meklinsky, chief revenue and strategy
officer, Socium Fund Services. "Broadridge's Sentry solution, with
its ability to handle a multitude of loan varieties and integrated
workflow solutions, will further enhance Socium's robust tech
stack, enabling us to continue to deliver exceptional service to
our growing private credit client base."
"To better support fund administrators, our technology solution
streamlines processes, automates critical functions and helps firms
accelerate product innovation and enter new markets to grow," said
Mike Sleightholme, Broadridge's president of international and
head of asset management solutions. "We are excited to work with
Socium as they transform and grow their business."
Broadridge's Sentry solution brings greater accuracy and
transparency to the private lending process and provides
front-to-back-office functionality to increase overall efficiency.
Sentry is a scalable web-based solution that captures, calculates
and analyzes the borrower's KPIs, monitors the pipeline, improves
credit selection, and creates reusable covenant rules. Besides
managing day-to-day loan administration, Sentry allows users to
monitor compliance issues and reconcile and aggregate data.
About Broadridge
Broadridge Financial Solutions (NYSE:
BR), a global Fintech leader with more than $5 billion in revenues, provides the critical
infrastructure that powers investing, corporate governance and
communications to enable better financial lives. We deliver
technology-driven solutions that drive business transformation for
banks, broker-dealers, asset and wealth managers and public
companies. Broadridge's infrastructure serves as a global
communications hub enabling corporate governance by linking
thousands of public companies and mutual funds to tens of millions
of individual and institutional investors around the world. Our
technology and operations platforms underpin the daily trading of
more than U.S. $9 trillion of
equities, fixed income and other securities globally. A certified
Great Place to Work®, Broadridge is part of the S&P 500® Index,
employing over 14,000 associates in 21 countries. For more
information about us and what we can do for you, please visit
www.broadridge.com.
About Socium Fund Services, a Suntera Global
Company
As a leading Middle Market Private Equity and
Private Credit Fund Administrator, Socium Fund Services, a Suntera
Global company, offers customized middle and back-office solutions
to institutional managers with a consultative service approach. We
leverage our scalable and flexible technology stack to provide
straight-through-processing for all asset types our clients may
invest in. With a US-Based service team that delivers technical
accounting expertise, we are well-positioned to help our clients
grow through a true partnership model. Learn more about our firm by
visiting https://www.sociumllc.com/.
Media Contacts
For Broadridge:
Matthew Luongo
Prosek Partners
+1 646-818-9279
mluongo@prosek.com
For Socium:
Adriana Saindon
LaunchPad Creative, on behalf of Socium Fund Services
adriana@launchpadcreativellc.com
T +1.815.954.2797
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SOURCE Broadridge Financial Solutions, Inc.