The firm selected Arcesium to streamline workflows and harmonize multiple systems and data sources.
Neuberger Berman Specialty Finance (NBSF) will be working with operational and data management technology provider Arcesium to help scale the investment manager’s asset-based financing strategy, officials say.
NBSF will be using Arcesium’s Opterra and Aquata operational and data platforms, along with managed services, “to achieve a resilient and sophisticated operating model,” officials say. Arcesium’s platforms offer the industry connectivity, loan-level book of record support, net asset value (NAV) reporting requirements, and the ability to automate and scale processes at the high volumes NBSF needs.
The Arcesium offerings will use “complex analytics to achieve a single source of truth across all funds, products, and investors related to the NBSF business,” officials say. Arcesium’s platforms in conjunction with managed services will also enable “middle- and back-office operations to streamline the end-to-end asset-based financing workflow.”
“Asset-based financing strategies are of interest to our clients as their private markets exposure continues to grow. We selected Arcesium’s solution to streamline our consumer loan operational workflows and harmonize multiple systems and data sources. True data independence and control over the full lifecycle of our consumer loans are essential for us in the asset-based finance space,” says Peter Sterling, managing director and head of the NBSF team, in a prepared statement.
Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with more than 2,800 employees in 26 countries, officials say. The firm manages $509 billion of equities, fixed income, private equity, real estate, and hedge fund portfolios for global institutions, advisors, and individuals.
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