A broad suite of middle office services for credit managers
Overview
Petra provides specialized fund administration solutions across private draw-down closed-ended funds, evergreen and hybrid funds, CLO structures, BDCs, SBIC funds, rated note feeder vehicles, and other alternative investment vehicles. Leveraging our team’s deep credit expertise and scalable infrastructure, we deliver comprehensive reporting and regulatory support across complex capital structures for our clients. Petra’s credit operations complement the fund administration offering and provides support to private credit managers of all sizes and strategies. This includes a flexible approach to credit middle office operations, loan agency and monitoring services, as well as other pre- and post-execution support.
Client had an existing administrator handling the financial statement, SOI and footnote process, but often saw delayed deadlines and missed comments.
Client had previously used another fund administrator for credit middle office, but had issues with unreliable data, a lack of communication and no backup provided for financial calculations.