Stellus Capital Management, a middle-market direct lending firm, has partnered with +SUBSCRIBE, an order management and electronic subscription document platform for the alternative investments industry.
Stellus will use the platform to provide the $2.6 billion firm’s limited partners with a digital experience for investor onboarding, electronic subscription documents and integrated transaction workflows with the fund administrator and other service providers.
“In an increasingly competitive and complex environment, ensuring our technology platform provides investors with a seamless experience and state-of-the-art capabilities remains a critical component of our success,” said Robert Ladd, managing partner at Stellus, in a statement. “We consider every interaction an opportunity to illustrate our commitment to providing the highest level of service for onboarding, electronic subscriptions and order workflows. +SUBSCRIBE does exactly that.”
Stellus spun out of the direct capital unit of the D.E. Shaw group in 2012. The team had created the lending unit in 2004 and has been investing together in the middle market for nearly 20 years. In May, Stellus closed its third credit fund at $1.8 billion.
“We are pleased to be the solution of choice for Stellus as they embark on the journey to digitize their private market investment solutions deliver ease-of-use for their globally based limited partner customers,” said Rafay Farooqui, founder and CEO at +SUBSCRIBE.