Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) announces that TMF Group, a provider of critical compliance and management services, has enhanced its private debt and Collateralized Loan Obligation (CLO) servicing capabilities with the adoption of Broadridge’s Sentry PM. a cloud-based private debt and CLO portfolio management solution.
“This is an important step for TMF Group and our commitment to providing the highest standards of service to our clients,” said Gareth Casement, Head of Loan Management at TMF Group. “We were quickly impressed by the broad functionality of Broadridge’s loan management platform and the significant performance that can be achieved for our clients. We look forward to leveraging the Sentry platform to further scale our operations and meet all of our business needs going forward.”
The technology enhancement will enable TMF Group to significantly scale its private debt and CLO businesses by reducing operational risks and enabling investment managers to make more informed investment decisions. Broadridge’s platform will also enable TMF Group to launch a new service offering for CLO management, which it plans to bring to market in 2024.
“We are pleased to integrate TMF Group into the Sentry platform so they can continue to meet both the current and future needs of their clients,” said Mike Sleightholme, Head of Asset Management and President of Broadridge International. “In today’s landscape, asset services are constantly looking for new ways to optimize efficiency, maximize data accuracy and visibility, and navigate risk. Our fast, flexible and comprehensive platform allows them to achieve these goals, quickly and easily.”
Broadridge’s Sentry solution brings greater accuracy and transparency to the private lending process and provides front-to-desk functionality to increase overall efficiency. Sentry is a scalable web-based solution that captures, calculates and analyzes borrower KPIs, monitors the pipeline, improves credit selection and creates reusable deal rules. In addition to managing day-to-day loan administration, Sentry allows users to track compliance issues and reconcile and aggregate data.