Venture Capital News: Siepe Receives $30M Series B Financing
2024-08-22
DALLAS, TX, Siepe, a trusted provider of software and technology-enabled services for private credit and CLO managers, has raised $30 million in a Series B funding round.
The round was led by WestCap, a strategic operating and investing firm with $6 billion in assets under management (AUM). The investment will drive a multi-product roadmap, including the expansion of its AI and Machine Learning capabilities, and strengthen strategic partnerships. These initiatives will help support the accelerated capital flows, and eliminate inconsistent data and processes seen across the Collateralized Loan Obligation (CLO) and private credit ecosystem.
Siepe is a leading provider of cutting-edge technology and service solutions tailored to high-yield, private credit and alternative investment managers. Through its cloud-based platform, Siepe offers flexible front, middle and back-office solutions to streamline workflows, scale processes, and transform data into an asset to gain perspective. Siepe's seasoned specialists provide extensive industry knowledge and support every step of the way. Siepe has a proven track record of supporting top-tier CLO managers, BDCs, private credit funds, structured product investors, and more. The platform leverages technology to reduce risk, gain scalability, and provide a seamless experience for portfolio managers, traders, analysts, and operations to access their data in a centralized format.
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