Carta, the software platform for private capital, announced that it has acquired Sirvatus, a loan administration platform for private credit funds. The acquisition reportedly makes Carta the first integrated platform for private credit fund CFOs, combining fund administration, loan operations, and investor reporting into an end-to-end platform.
Carta’s comprehensive Loan Operations solution replaces “cumbersome, error-prone manual tasks”—thus enabling managers to spend more time focused on investing and less on administration.
As investors allocate capital into private credit — with assets under management growing to $1.7 trillion+ this past year and projected to reach $2.8 trillion by 2028 – private credit fund managers need tools to meet market demands for overall efficiecny.
Henry Ward, Chief Executive Officer, Carta said:
“In the same way that we’ve helped venture and private equity CFOs automate their fund operations by connecting portfolio company cap table events with our fund accounting suite, Loan Operations allows private credit managers to effectively manage underlying loan data and integrate it into their fund workflows.”
Trevor Cook, Chief Executive Officer, Sirvatus:
“Our shared vision is to give every private credit fund, regardless of size, access to purpose-built technology and real-time data to transform how they operate. We look forward to continuing to execute on this vision alongside the Carta team.”
Recently, Carta announced the acquisition of Accelex, enhancing its ability to automate and streamline data extraction and analysis for private markets.
Carta has also extended its collaboration with large FIs, including an expanded partnership with Morgan Stanley Wealth Management to increase access for private market investments, and New York Stock Exchange, Carta’s listing partner.
