March 20, 2025 – Raleigh, North Carolina – Suntera Fund Services (“Suntera”), a leading provider of bespoke fund administration and loan administration and loan agency services for private credit funds, has partnered with Tenor, the AI-powered platform optimizing private credit operations, to enhance efficiency, automation, and scalability in loan administration through a co-sourcing model. This collaboration enables Suntera to leverage Tenor's Loan Central, an advanced AI-driven technology, while maintaining oversight of critical loan servicing and compliance processes, ensuring both operational efficiency and risk management.
As private credit continues to expand, loan administrators face increasing complexity in loan servicing, borrower monitoring, and compliance tracking. Through this partnership, Suntera integrates Tenor's intelligent automation and data validation tools into its operations, streamlining workflows while maintaining high-touch client service and strategic decision-making.
"In a competitive private credit landscape, operational excellence is paramount. Our co-sourcing partnership with Tenor allows us to scale faster while ensuring our clients' best-in-class reporting, compliance, and portfolio management," said Michael Von Bevern, Co-Managing Director, Americas at Suntera. "By leveraging Tenor's AI-powered platform, we can offer greater transparency and accuracy, reducing the manual burdens of loan administration."
"We are thrilled to collaborate with Suntera to redefine loan administration in private credit. This partnership demonstrates how co-sourcing can empower loan administrators/agents with the latest AI-driven technology without sacrificing control or flexibility," said Tony Chung, Co-Founder & CEO of Tenor.
By integrating AI-powered workflows with Suntera's deep expertise in loan administration and loan agency, this co-sourcing model offers a scalable, efficient, and regulatory-compliant approach to managing private credit portfolios.
About Suntera Fund Services
Suntera Fund Services is the leading middle market provider of fund administration and loan administration services for private alternative investment funds. Suntera Fund Services is the North American operating business of Suntera Global, a leading provider of fund, corporate, and private wealth services, delivering bespoke administration and accounting solutions from offices across the Bahamas, Cayman Islands, Guernsey, Hong Kong, Isle of Man, Jersey, Luxembourg, UK, and the US. With a team of 550 specialists, Suntera acts as an extension of its clients' businesses, offering governance, compliance, and accounting expertise. Committed to responsible business practices, Suntera helps clients navigate the complexities of managing corporate and personal wealth.
About Tenor
Tenor is an AI-enabled platform designed for private credit lenders and loan administrators to optimize post-close loan operations. By automating data validation and borrower monitoring, Tenor eliminates manual inefficiencies and ensures accurate, real-time insights into borrowing bases, covenants, and overall portfolio performance. Tenor works with lenders, loan administrators, and fintech innovators worldwide to drive efficiency, transparency, and growth in private credit markets.
Key Contacts:
Michael Von Bevern
CO-MANAGING DIRECTOR, AMERICAS
View Bio | Email Michael | LinkedIn
Harvey Tian
HEAD OF LOAN AGENCY & ADMINISTRATION - AMERICAS
View Bio | Email Harvey | LinkedIn
