Socium Fund Services has launched its loan agency and loan administration services offering to its private credit fund clients.
Harvey Tian has joined the South Hills, N.J-based firm as the head of loan agency and administration and is charged with ensuring smooth and compliant execution of loan administration services to a global client base and support of the growth of Socium’s loan-related services. He joins from Alter Domus, a fund service provider.
“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,” said Michael Von Bevern, co-managing director, Americas. “As a company we look forward to raising the bar once again and setting new standards in the fund administration landscape.”
The long-time fund administrator has a deep industry knowledge and technology to streamline processes, mitigate risks and ensure compliance with the most stringent regulatory standards.
The new offering includes: loan lifecycle management; customizable solutions adapted by loan type, industries and regulatory requirements; technology for real-time monitoring, reporting and analytics; risk management compliance for loan portfolios; and expert support.
“Private credit has seen significant capital inflow and durable excess return over the past decade,” Tian. “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.”