Why We Built Sirvatus: Solving Deal Complexity at Scale

Sirvatus was founded out of necessity. I spent years in direct lending, structuring (and restructuring) oftentimes complicated transactions, and quickly realized that while investment teams had the flexibility to craft bespoke deals, the operational teams managing them faced bottlenecks.

As expected, I initially turned to Excel to track loans, but the system became unsustainable as deal complexity increased—with PIK toggles, performance-based pricing, amendments, and unitranche structures becoming more commonplace. We evaluated every software solution on the market, only to find that they weren't designed to handle creative financing structures, lacking the adaptability needed for direct lending. Seeing that my peers struggled with the same inefficiencies, I set out to build the platform I wished I had, and, after years of development, Sirvatus emerged as a transformative solution for direct lenders. My personal experience became the foundation of Sirvatus: a modern, purpose-built loan operations platform engineered to specifically address the flexible deal structures utilized by non-bank direct lenders.

Bringing Operational Excellence to Private Credit

Private credit has rapidly become a critical source of capital for both sponsored and non-sponsored middle-market businesses. Industry analysts project continued growth, with Preqin estimating that private credit assets under management (AUM) will reach $2.6 trillion by 2029. However, while AUM has expanded, the technology supporting loan operations has not evolved at the same pace.

Managing direct lending transactions remains operationally complex, with legacy solutions failing to adapt to the demands of today's deal structures. Fund managers and service providers need purpose-built technology to efficiently manage loan terms, amendments, PIK toggles, pricing grids, and other intricate financing elements.

At the same time, the industry had become too reliant on email to communicate across lenders, borrowers, agents, and multiple internal silos within finance, ops, and investment teams. A lack of collaboration tools has only added to the inefficiency as portfolios and teams grow.

A New Nexus for Deal Management

Sirvatus modernizes deal operations by consolidating data, workflow automation, and collaboration tools into a seamless system. Underpinned by our proprietary deal structure logic, the platform balances flexibility with thoughtful design, offering an intuitive experience across all loan lifecycle stages while eliminating inefficiencies caused by outdated tools that are too expensive.

Sirvatus Core Tenants

Loan Orchestration: Flexible Loan Lifecycle Management

Loans are dynamic, evolving instruments—not static contracts. Direct lenders offer capital solutions tailored to borrowers' needs, often involving amendments, rate changes, PIK elections, add-ons, and structured paydowns. Sirvatus enables lenders to seamlessly manage the evolutionary nature of deals in this space while preserving the historical integrity of the loan lifecycle, reducing operational bottlenecks.

Data Liquidity: Instant Portfolio Insights & Reporting

Loan data should be accessible, organized, and easy to analyze—not buried in disparate systems or Excel files. Sirvatus provides a centralized, real-time view of your loan portfolio with immediate access to key statistics such as borrowing and payment activity, principal balances, unfunded commitments, and current effective rates. With structured data tracking, lenders can enhance accounting, investor reporting, portfolio monitoring, and collaboration.

Operational Throughput: Automating Loan Operations

Managing private credit loans requires continuous monitoring of benchmarks, payment schedules, borrower notices, and co-lender relationships. Sirvatus simplifies this with automated workflows, reducing human error and ensuring all stakeholders stay aligned. Our built-in Tasks feature keeps borrowers, lenders, and agents in sync, preventing late payments, reporting delays, and distribution errors.

Counterparty Collaboration: Seamless Communication & Compliance

Lending is a collaborative effort that involves borrowers, lenders, agents, and co-lenders. Sirvatus enhances counterparty interactions through a structured, centralized system, ensuring compliance, timely reporting, and transparent communication. Providing a shared platform for key stakeholders eliminates inefficiencies and fosters stronger lender-borrower relationships.

The Future of Loan Operations Starts Here

We built Sirvatus to empower direct lenders with operational sophistication, driving efficiency and scalability while delivering an exceptional experience to their counterparties.

Looking ahead, we are expanding our capabilities to enhance the loan administration process further. Our recently launched Returns Modeling features will provide fund managers a forward-looking, multi-scenario view of performance at a deal and fund-level powering scalable returns modeling. We'll be introducing additional features, including a few AI-centric tools, that will continue to compound the operating leverage our clients have gained by adopting our solution.

Are you ready to modernize your loan operations? Visit our website or contact us at sales@sirvatus.com to explore how Sirvatus can help keep your loan ops on track.