US credit manager Aristotle Pacific, with more than US$30 billion in assets under management, has implemented software and outsourced services from Siepe to support its credit operations, according to information released by Siepe.
The arrangement covers portfolio management, compliance and data management systems, as well as middle office and trade settlement services. Siepe states that the scope includes multiple asset classes and structures, such as CLOs, mutual funds, private funds and separately managed accounts.
As described by the provider, the implementation required integration with Aristotle Pacific’s existing technology environment and third-party connections, including SWIFT messaging, corporate actions, loan servicing and trade settlement workflows. Siepe says it now performs daily reconciliations and maintains centralised data across positions, accruals, cash balances and security master records.
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The two firms are also working together on trustee and collateral administration services for Aristotle Pacific’s US CLOs.
In comments included in the announcement, Aristotle Pacific’s CFO and COO Josh Schwab said the firm was seeking to upgrade and future-proof its operating platform across its credit strategies. Siepe’s CEO Michael Pusateri pointed to the operational demands of managing credit portfolios across different fund types.
