NorthWall Capital scales up credit business
NorthWall Capital has onboarded a new loan portfolio management solution as it scales up its private credit business.
NorthWall has partnered with fintech Broadridge Financial Solutions to use its Sentry software, which will help it to streamline the management and operation of its private debt portfolio as it prepares for growth.
“As we enter our next phase of growth, the adoption of Sentry will be invaluable in strengthening our current technology infrastructure and empowering our firm to scale its private credit offering,” said Ian Lokkerbol, founding partner and chief operating officer at NorthWall Capital.
Read more: Manulife closes on $752m private credit fund
“We were quickly impressed by the superior functionality of Sentry, and we look forward to leveraging it to streamline our investment operations and equip our team with the tools they need to continue building strong, opportunistic portfolios for our clients.”
NorthWall Capital is a London-based credit investment firm which invests in European private credit. The European private credit market has been tipped for huge growth in the years ahead, and many fund managers and investment banks have been ramping up their presence in the area in anticipation of this boom.
Read more: Private markets predicted to continue outperforming listed stocks
Broadridge’s Sentry solution will allow NorthWall to provide front-to-back-office functionality to increase the overall efficiency of its private credit business.
“By automating critical investment management functions and supplying fund managers with technology that allows them to make more informed decisions, Broadridge’s Sentry solution is enabling transformation in the private credit industry,” said Mike Sleightholme, Broadridge’s president of international and head of asset management solutions.
“We are pleased to provide NorthWall Capital with our award-winning solution and are excited to see the opportunities it will create for the firm through operational efficiencies and long-term business growth.”
Read more: France’s Ardian targets €5bn for new private credit fund