Mercatus, a State Street company, is pleased to announce that Loomis, Sayles & Company has selected Mercatus as its technology partner for private markets investments starting with its nascent private credit business.
Loomis Sayles, an affiliate of Natixis Investment Managers, manages $282 billion for institutional and retail clients worldwide (as of December 2022). In early 2021, the firm launched the Loomis Sayles Private Credit Group as a key component of its client-based solutions suite. The Group aims to maximize current income and total return through diversified exposure to private fixed income investments while using deep fundamental analysis and transaction structuring to manage downside risk.
This collaboration will build on Loomis Sayles’ existing relationships with both State Street® and Charles River Development®. The goal is to create a scalable platform that will help Loomis Sayles gain insights into its investment data across both public and private assets.
“We’re looking forward to establishing a single source of accurate and comprehensive information for our loan data at the inception of our private credit strategy,” said John Gidman, Chief Operating Officer of Loomis Sayles. “This platform will help us streamline our workflows, freeing up our investment professionals to focus on their investment processes and help us expand more broadly in the private markets space.”
The platform will help solve pre-investment data management challenges and connect to Loomis Sayles’ public market data on Charles River’s platform in addition to managing data post investment.
“Loomis Sayles is a valued client of Charles River and its decision to implement Mercatus for its private market investments underscores the broader value proposition we can bring to our customers with public and private assets,” said Spiros Giannaros, Chief Executive Officer of Charles River Development.
Key goals of the partnership include:
- Creating an integrated ecosystem to onboard, manage and export data, helping to maximize efficiency and lower risk of error
- Streamlining quarterly compliance across the loan book to eliminate manual tasks
- Enhancing risk analysis as part of the underwriting process, including how a given investment might impact the overall portfolio
- Systematizing deal and pipeline management, tracking key deal details and attributes
- Facilitating forward-looking scenario analysis and valuations at scale
“We’re excited to help accelerate Loomis Sayles’ vision of having both private and public investment data into an integrated platform,” said Tim Buchner, Co-Founder and Chief Operations Officer of Mercatus. “Loomis Sayles approach continues to validate our decision to join Charles River Development and State Street. We’re looking forward to being part of a continued partnership and success story with them.”
About Loomis Sayles
Since 1926, Loomis, Sayles & Company has helped fulfill the investment needs of institutional and mutual fund clients worldwide. The firm’s performance-driven investors integrate deep proprietary research and risk analysis to make informed, judicious decisions. Teams of portfolio managers, strategists, research analysts and traders collaborate to assess market sectors and identify investment opportunities wherever they may lie, within traditional asset classes or among a range of alternative investments. Loomis Sayles has the resources, foresight and the flexibility to look far and wide for value in broad and narrow markets in its commitment to deliver attractive, risk-adjusted returns for clients. This rich tradition has earned Loomis Sayles the trust and respect of clients worldwide, for whom it manages $282.0 billion* in assets (as of 31 December 2023).
*Includes the assets of both Loomis, Sayles & Co., LP, and Loomis Sayles Trust Company, LLC. ($32.9 billion for the Loomis Sayles Trust Company). Loomis Sayles Trust Company is a wholly owned subsidiary of Loomis, Sayles & Company, L.P.
Information Classification: General
The material discussed is for informational purposes only. The views expressed in this material are the views of the author and are subject to change based on market and other conditions and factors, moreover, they do not necessarily represent the official views of Mercatus and/or State Street Corporation and its affiliates.