As promised on Friday, let’s start where servicing usually breaks down first.
I keep hearing the same confession from private credit managers: “Our servicing still runs on Excel, legacy and clunky systems, and a lot of institutional memory.”
It works — until a non-pro rata PIK unitranche loan needs a workflow, not a formula, or a manual re-key on a payment instruction quietly becomes real risk. Private credit has scaled faster than the infrastructure most teams use to service it.
That gap is what we built LoanStreet to close. Next up: what a real single source of truth actually looks like.