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Solar Capital chooses Ultimus Fund Solutions for operational support

Solar Capital has chosen Ultimus Fund Solutions to provide fund accounting support for the firm’s Business Development Companies (BDCs) as well as middle and back office support for its growing Separately Managed Accounts (SMA) business.

Solar will utilise Ultimus’ experience and technology to add efficiencies to the firm’s fund accounting and reporting for complex investment classes, including middle market senior secured loans.
 
Under the terms of the agreement, Ultimus will provide fund accounting for Solar Capital’s funds, including certain processing services related to bank debt investing. Ultimus will also provide fund accounting and other middle office services to support Solar’s SMA accounts. Solar chose Ultimus because of our firm’s ability to take on complex offerings and develop tailored middle and back office solutions that facilitate operational efficiencies.
 
“It was clear when they came to us, that Solar had complex needs and considerations,” says Kirk Littleton, Director of Business Development at Ultimus. “We were able to quickly demonstrate our expertise and meet their unique requirements. We look forward to continuing our relationship and being a part of Solar Capital’s overall growth plans.”
 
“We have multifaceted accounting needs within unique fund structures that possess distinct operational complexities. This led us to choose an expert with significant experience,” says Richard L Peteka, CFO of Solar Capital. “Ultimus was diligent in understanding our company’s needs and offered effective solutions that allow us to maintain our high standards.”

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