Who we serve / BDCs
Operations that keep pace with a growing BDC portfolio.
A growing BDC typically adds positions, leverage facilities and reporting obligations faster than it adds operations staff. We help BDCs manage that growth by redesigning their processes, implementing purpose-built software and, where it helps, performing daily operations on their behalf.
Operational pressures
What makes operations demanding for BDCs.
- Several facilities, each with its own terms
- Each leverage facility has its own eligibility criteria and limits, so a BDC can establish its true borrowing capacity only by modeling all of its facilities together.
- Fixed reporting deadlines
- Quarterly reporting, lender deliverables and the audit all draw on the same data, frequently at the same time.
- A constantly changing loan book
- Amendments, delayed draws, PIK interest and paydowns arrive as notices, and each one must be recorded accurately in the books.
How we engage
Consulting, software and managed services for BDCs.
Operations advisory and transformation
Advise
We design an operating model that can support a larger portfolio, then select and implement the systems it requires.
Data and technology implementation
Build
We implement Levfolio to model borrowing bases and facility allocation, SmartRec to reconcile records daily, and Orion to manage data and automate routine tasks.
Managed investment operations
Run
Our operations staff perform loan administration, portfolio monitoring and lender reporting on the BDC’s behalf.
Relevant products
Products BDCs most often start with.
Leverage facility optimization
Levfolio
Models borrowing bases across facilities so financing decisions can be tested before capital is committed.
LevfolioContinuous reconciliation
SmartRec
Reconciles positions, cash and activity daily against custodians, trustees and internal systems, and tracks each break to resolution.
SmartRecData and automation platform
Orion
Collects and standardizes credit data from any source, performs the calculations and automates the routine tasks that depend on that data.
OrionDiscuss your priorities.
Describe the operational issue that most concerns you. A senior member of our team will respond.