Socium strengthens its service solutions for private credit and debt funds.
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 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:
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.
Michael Von Bevern
CO-MANAGING DIRECTOR, AMERICAS
ASSOCIATE DIRECTOR, AMERICAS