Broadridge's Technology Adopted by Carlyle for Credit Portfolio Management

by Jared Kirui
  • This partnership aims to streamline trade compliance and loan operations.
  • Carlyle has highlighted a rising demand for credit products.
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Broadridge Financial Solutions has announced the successful implementation of its cloud-based solution Sentry by the global investment firm Carlyle. This move aims to elevate Carlyle's private credit and collateralized loan obligation portfolio management.

Carlyle's decision to integrate Sentry into its technology signifies a strategic move towards scalability and efficiency in managing its growing product offerings, the company said. This step aims to efficiently handle deal pipeline, trade compliance, and loan operations within a unified platform.

Carlyle Taps Broadridge to Enhance Product Portfolio

Jim Keogh, Carlyle's Managing Director and Head of Operations for Global Credit, said: "With increased demand in credit products and ongoing growth of our product offerings, we wanted the right technology that would enable us to scale up and achieve a platform approach."

Sentry is a web-based solution. It caters to the needs of private debt and syndicated loan markets. Some of its capabilities include research and pipeline management, trade compliance, and data aggregation across various strategies, portfolios, and assets.

Last month, Broadridge welcomed HSBC to its Distributed Ledger Technology (DLT) platform. HSBC became the second client to adopt Broadridge's DLT and smart contracts to reduce settlement costs. The technology enhances scalability and mitigates operational risks.

Besides DLT, Broadridge has made a foray into the AI space. In June, the company introduced BondGPT+, an AI tool merging OpenAI's GPT-4 technology with proprietary solutions from its subsidiary, LTX. This application enables the integration of enterprise data, including third-party data sets.

Broadridge's Expansion and Industry Trends

Broadridge's entry into AI reflects the growing interest among financial companies to leverage AI solutions. It mirrors recent partnerships and innovations within the industry. The rising popularity of AI is evident in initiatives like Bitget's collaboration with Fetch.ai and Tiger Brokers' TigerGPT.

Broadridge's expansion of its products and services has boosted its financial performance. Recently, the company reported an impressive increase of 8% in total income, at $871 million, for the first quarter of the fiscal year 2024. Its earnings per share surged 30% to $1.09.

Additionally, the company's operating income soared 70%, reaching $148 million. This growth was primarily driven by increased recurring and event-driven revenues.

Broadridge's Investor Communication Solutions segment saw a jump of 12% in revenue, while the Global Technology and Operations segment expanded 11% in recurring revenues. This growth was credited to new business acquisitions and internal expansion, particularly in capital markets, wealth, and investment management.

Broadridge Financial Solutions has announced the successful implementation of its cloud-based solution Sentry by the global investment firm Carlyle. This move aims to elevate Carlyle's private credit and collateralized loan obligation portfolio management.

Carlyle's decision to integrate Sentry into its technology signifies a strategic move towards scalability and efficiency in managing its growing product offerings, the company said. This step aims to efficiently handle deal pipeline, trade compliance, and loan operations within a unified platform.

Carlyle Taps Broadridge to Enhance Product Portfolio

Jim Keogh, Carlyle's Managing Director and Head of Operations for Global Credit, said: "With increased demand in credit products and ongoing growth of our product offerings, we wanted the right technology that would enable us to scale up and achieve a platform approach."

Sentry is a web-based solution. It caters to the needs of private debt and syndicated loan markets. Some of its capabilities include research and pipeline management, trade compliance, and data aggregation across various strategies, portfolios, and assets.

Last month, Broadridge welcomed HSBC to its Distributed Ledger Technology (DLT) platform. HSBC became the second client to adopt Broadridge's DLT and smart contracts to reduce settlement costs. The technology enhances scalability and mitigates operational risks.

Besides DLT, Broadridge has made a foray into the AI space. In June, the company introduced BondGPT+, an AI tool merging OpenAI's GPT-4 technology with proprietary solutions from its subsidiary, LTX. This application enables the integration of enterprise data, including third-party data sets.

Broadridge's Expansion and Industry Trends

Broadridge's entry into AI reflects the growing interest among financial companies to leverage AI solutions. It mirrors recent partnerships and innovations within the industry. The rising popularity of AI is evident in initiatives like Bitget's collaboration with Fetch.ai and Tiger Brokers' TigerGPT.

Broadridge's expansion of its products and services has boosted its financial performance. Recently, the company reported an impressive increase of 8% in total income, at $871 million, for the first quarter of the fiscal year 2024. Its earnings per share surged 30% to $1.09.

Additionally, the company's operating income soared 70%, reaching $148 million. This growth was primarily driven by increased recurring and event-driven revenues.

Broadridge's Investor Communication Solutions segment saw a jump of 12% in revenue, while the Global Technology and Operations segment expanded 11% in recurring revenues. This growth was credited to new business acquisitions and internal expansion, particularly in capital markets, wealth, and investment management.

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