Arcesium Provides Technology to Support Neuberger Berman’s Specialty Finance Asset-Based Financing Operations

NEW YORK – Arcesium, an operational and data management technology provider to the investment industry, announced it has signed an agreement with Neuberger Berman Specialty Finance (NBSF) to scale its asset-based financing strategy. Arcesium will provide the technological infrastructure required to manage the complete lifecycle and complexities of asset-based financing, enabling Neuberger Berman to better scale its Specialty Finance business.

Arcesium’s Opterra^™ and Aquata^® operational and data platforms, along with Managed Services, will help NBSF to achieve a resilient and sophisticated operating model. The technology’s pre-established industry connectivity, granular loan-level book of record, and ability to automate and scale processes at high volumes will support NBSF, including NAV reporting requirements. The technology will utilize complex analytics to achieve a single source of truth across all funds, products, and investors related to the NBSF business. Arcesium’s institutional-grade technology supplemented by premium managed services also enables middle- and back-office operations to streamline the end-to-end asset-based financing workflow while managing significantly higher operational complexities at scale.

Gaurav Suri, CEO of Arcesium, commented: “We are thrilled to be partnering with one of the investment industry’s leading firms. Neuberger Berman has consistently demonstrated that they walk their own path, becoming fully independent and employee owned in an era of institutionally owned or subsidiary firms. It is no surprise that they are now leading the asset management industry toward digital transformation. We are excited to help them unlock growth and scale within their Specialty Finance business by working directly with their data and accelerating workflows.”

Peter Sterling, Neuberger Berman, commented: “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. Arcesium’s demonstrated ability to provide end-to-end processing with quick time-to-market aligns with that strategy.”

NBSF sought investment lifecycle management technology to complement the asset-based finance strategy, fortify systems for long-term sustainability, and accelerate its growth. Working with Arcesium will provide scale through efficiently normalizing and reconciling data against counterparties, enabling bespoke loan modeling, removing dependency on administrators, and swapping manual processing for efficient, automated workflows.