Siepe, a Dallas-based private credit and CLO manager software and technology provider, raised $30M in Series B funding.WestCap led the round.
The money will support a multi-product strategy, AI and machine learning expansion, and strategic partnerships.
Siepe, led by CEO and Founder Michael Pusateri, provides technology and services to high-yield, private credit, and alternative investment managers. The cloud-based platform delivers customizable front, middle, and back-office solutions to improve workflows, scale operations, and turn data into an asset for perspective.
The platform uses technology to decrease risk, scale, and make data access easy for portfolio managers, traders, analysts, and operations.
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Siepe CEO and Founder Michael Pusateri expressed optimism about the future, stating, “The new capital will help us continue our momentum in deploying integrated solutions and best-in-class service for fund managers in the private credit and broadly syndicated bank debt sector,” said Michael Pusateri, CEO and Founder of Siepe. “Our mission is to help credit managers better leverage their data to reduce operational risk and increase alpha.”
The strategic hiring of Mark Schultis as President of Siepe and the investment round also occur at the same time. With almost two decades of experience in the credit and CLO sectors, Schultis enhances the leadership capabilities of the organization in his new capacity by bringing a wealth of knowledge and expertise.
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In addition to developing new products, Siepe has said how they intend to use this investment to improve customer support and increase their market share. The company’s latest actions highlight its trajectory of expansion; in the first half of 2024, it added noteworthy acquisitions and greatly increased its asset administration.
About Siepe
Siepe is a public cloud managed services and data analytics company for asset managers. Experienced industry practitioners created us from the bottom up using modular technology and adaptable, well-formed data solutions. Whether you utilize services alone or swiftly integrate them with third parties, implement institutional and regulatory best practices across your firm.
