Arcesium Enhances Asset-Based Financing for Neuberger Berman

Arcesium Provides Cutting-Edge Technology for Enhanced Financing

Arcesium, a prominent technology provider in the investment sector, has recently entered into a partnership to support Neuberger Berman in scaling its asset-based financing operations. This collaboration aims to leverage advanced technological infrastructures, enhancing the overall effectiveness and efficiency of Neuberger Berman’s Specialty Finance business.

Transforming Asset Management with Innovative Solutions

By incorporating Arcesium’s sophisticated platforms, namely Opterra and Aquata, Neuberger Berman can develop a robust operating model. These platforms are designed to tackle the complexities associated with asset-based financing, ensuring a comprehensive lifecycle management approach. As a result, Neuberger Berman will benefit from improved NAV reporting and operational resilience, streamlining their lending processes and financial reporting.

Gaurav Suri’s Insights on the Partnership

Gaurav Suri, CEO of Arcesium, expressed enthusiasm about this collaboration, mentioning, "We're excited to partner with Neuberger Berman, a pioneering firm in the investment industry. They have successfully embraced independence and employee ownership, setting a forward-thinking example in asset management. Our goal is to assist in unlocking growth and improving workflow in their Specialty Finance division by harnessing our technology and industry expertise." This partnership marks a significant step for both companies toward achieving operational excellence.

Peter Sterling Highlights Strategic Benefits

On the other hand, Peter Sterling from Neuberger Berman noted the critical importance of Arcesium's solutions to their operations. He stated, "Our clients show a keen interest in asset-based financing as they expand their exposure to private markets. With Arcesium's technology, we anticipate a more streamlined workflow, integrating various systems and data sources to enhance efficiencies. The ability to maintain true data independence over consumer loans is pivotal for our progress in this sector."

Investment Lifecycle Management Technology

Neuberger Berman aims to utilize Arcesium’s investment lifecycle management technology to bolster its asset-based finance strategy. This investment will facilitate normalizing and reconciling data across all counterparties efficiently, enabling tailored loan modeling and minimizing reliance on third-party administrators. The collaboration promises to significantly enhance operational accuracy and speed through automation, ultimately transforming their approach to asset management.

About Arcesium: Pioneering Financial Technology

Arcesium operates as a global fintech firm, delivering comprehensive data management and operational solutions to elite financial institutions, including hedge funds and asset managers. By designing a coherent, synchronized data ecosystem for clients, Arcesium's cloud-native solutions simplify intricately complex workflows, aiding organizations in scaling their operations effectively.

Boasting over $4.3 trillion in gross assets under management, Arcesium has established itself as a formidable player in the financial technology space. Since its inception, the firm has successfully modeled more than 125 million investments, empowering clients with the tools necessary to navigate the intricacies of modern finance. Originally developed by the D. E. Shaw group, the platform has since flourished into a standalone entity, continually innovating to meet the challenges of the investment lifecycle.

About Neuberger Berman: A Leader in Investment Management

Founded in 1939, Neuberger Berman is an independent investment manager recognized for its robust management of a diverse array of asset classes, including fixed income, equities, and private equity. The firm prides itself on a strong culture of active management and fundamental research, underscoring its commitment to delivering exceptional results for over 2,800 employees worldwide.

Holding $509 billion in managed assets, Neuberger Berman has established a reputation for excellence in both financial returns and environmental, social, and governance practices. Its dynamic approach to investment, combined with its employee-owned structure, positions Neuberger Berman as a trusted partner in the finance industry.

Frequently Asked Questions

1. What is the objective of the partnership between Arcesium and Neuberger Berman?

The partnership aims to enhance the asset-based financing operations of Neuberger Berman by providing robust technological infrastructure for better lifecycle management.

2. How will Arcesium's technology benefit Neuberger Berman?

Arcesium’s technology will streamline operations, enhance data connectivity, and automate complex processes, allowing for greater efficiency and accuracy.

3. Who is Gaurav Suri?

Gaurav Suri is the CEO of Arcesium, who has expressed eagerness about partnering with Neuberger Berman and helping to unlock their growth.

4. What investment strategy is Neuberger Berman focusing on?

Neuberger Berman is particularly interested in enhancing its asset-based financing strategies in response to client demand for private market exposure.

5. How does Arcesium aid financial institutions?

Arcesium offers comprehensive data management and operational solutions, helping financial institutions optimize their workflows and systematize their investment processes.

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