Black Mountain’s Direct Lending Solutions are now offered via Software as a Service (SaaS). The firm’s clients include investment managers, credit funds, hedge funds, private equity firms, direct lenders and banks.
"We are excited to bring our leading best practice solutions to more clients with this new offering," says Kevin MacDonald, co-CEO of Black Mountain. "In addition to the deployment speed and cost benefits of the SaaS model, users will have access to new features and enhancements for Direct Lending as they become available."
The new offering comes pre-configured with industry best practices which allow users to manage all deal origination, underwriting and monitoring processes together with all relevant data and documents in a single application. It organises all analysts' work, commentary, investment rationale and updates, and offers advanced push-pull integration with Excel for financial risk and IRR analysis, as well as investment and portfolio reporting. Black Mountain's Direct Lending Solution via SaaS is hosted in cloud-based, client-dedicated and secure environments, allowing for customisation and data security not found in multi-tenant solutions.
"This SaaS offering will provide new and mid-sized Direct Lenders with many of the same tools used by leading alternative investment managers, but with a fraction of the overhead," says Andy Horwitz, Co-CEO of Black Mountain.