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

NEW YORK--(BUSINESS WIRE)--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^TM and Aquata^TM 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.

About Arcesium:

Arcesium is a global financial technology company delivering pre- and post-investment and enterprise data management solutions to some of the world’s most sophisticated financial institutions, including asset managers, private market firms, and hedge funds. Expertly designed to achieve a synchronized golden source of data throughout a client’s ecosystem, Arcesium’s cloud-native technology is built to systematize the most complex workflows and help clients achieve scale.

Today, Arcesium services over $4.3 trillion in gross AUM and over $550 billion in sell-side capital balances, and has modeled over 125 million investments to date. Arcesium was built from a platform developed and tested by investment and technology development firm, the D. E. Shaw group, and launched as a joint venture with Blackstone Alternative Asset Management. J.P. Morgan, another large client, later made a strategic investment in the company, helping Arcesium further its mission: to power the entire investment lifecycle. Arcesium currently has a staff of over 2,000 software engineering, accounting, operations, and treasury professionals.

For more information about Arcesium and its capabilities, visit www.arcesium.com and follow the firm on LinkedIn.

About Neuberger Berman:

Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $509 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman’s investment philosophy is founded on active management, fundamental research and engaged ownership. The PRI identified the firm as part of the Leader’s Group, a designation awarded to fewer than 1% of investment firms for excellence in environmental, social and governance practices. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last ten years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of September 30, 2024.