The private credit industry has experienced rapid growth in recent years, and fund managers have had to find ways to scale operations and meet investor expectations. Many fund managers have adopted solutions using next-generation technologies like optical character recognition (OCR), natural language processing (NLP) and intelligent automation (IA) to streamline their processes and provide transparency.
However, the development, implementation and maintenance of infrastructure needed to sustain these technologies can be costly and resource-heavy, when produced in-house. As a way to access advanced technology without increasing costs or overhead, private credit fund managers may choose to outsource or co-source. Fund managers can gain greater efficiency and agility while reducing operational overhead and risk by partnering with a technology provider that has invested in a robust infrastructure and can deliver intelligent solutions in a managed service model.
The right partner should offer solutions to manage processes for origination, loan applications, credit review, documentation of terms and conditions, loan servicing, valuations, renegotiations and workouts, and fund accounting and administration. Choose a partner with a flexible model that allows you to outsource all or only some of your operational processes, and the option to change or add services as your business grows. A proven fund administrator and outsourcing provider with a robust platform will instill investor confidence and free you to focus on what you do best—sourcing deals and raising capital.
To learn more about how outsourcing can give you access to advanced technology and deep industry expertise without increasing overhead, download our "Private Credit: Strategies for Sustaining Success" whitepaper.
