Socium Fund Services, a long-time fund administrator, has launched its loan agency and loan administration services offering to its private credit fund clients.
The South Hills, N.J-based firm has hired Harvey Tian as the head of loan agency and administration to ensure smooth and compliant execution of loan administration services to a global client base and support the growth of Socium’s loan-related services.
Tian brings with her deep industry knowledge and technology to streamline processes, mitigate risks and ensure compliance with the most stringent regulatory standards.
The loan agency and administration services 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.
Socium’s loan agency services cover all asset classes, including term loans, delayed draw loans, convertibles, hard money loans, and bank debt.
The loan administration services offering includes comprehensive loan documentation management, interest and fee calculation and payment, disbursement and repayment accounting, manager fee calculations, and reporting activities.
Socium’s loan agency and administration services offering is aimed at private credit funds and expands the services available to them.
Private credit has seen significant capital inflow and durable excess return over the past decade, and 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’s loan agency and administration services offering is supported by an international network of experts who provide customised solutions to meet the unique needs of each client.
The loan agency and administration services offering is designed to provide a full suite of loan agency services covering all asset classes, including secured and unsecured loans, syndicated loans, bilateral loans, and leveraged loans.
The loan agency and administration services offering is further enhanced by Socium’s capital markets expertise, which enables it to provide a comprehensive range of loan administration services to capital market issuers.
Overall, Socium’s loan agency and administration services offering guarantees a holistic and accurate administration process for borrowers, lenders, collateral agents, administrative agents, and security agents. Socium’s loan agency and administration services offering is designed to address the intricate demands each loan necessitates, regardless of transaction scale or status.
