Enhanced offerings unveiled by CWAN to address obstacles in the private credit sector market
In a significant stride for the private credit market, technology provider CWAN has announced enhancements to its alternative assets solution. The new developments aim to address scalability and compliance challenges in the industry, paving the way for the private credit market's anticipated growth.
According to Kirat Singh, President of Risk and Alternative Assets at CWAN, private credit is now central to institutional portfolios. This assertion is backed by the prediction that the private credit market is expected to grow by up to $300bn by 2030, with expectations that it will reach the next trillion dollars.
One of the key innovations unveiled by CWAN is the first interval fund focused on alternative credit, a new product by Blue Owl Capital. This fund marks a new development in the private credit market, providing institutions with the capability to scale allocations to private credit and private funds with greater speed and confidence.
The new enhancements include automating bespoke loan structures, synchronizing data across asset owners and managers, and a private credit management system integrated with accounting workflows. The mortgage reporting is consolidated, and the new mortgage module unifies residential and commercial mortgage data, automates models, and aligns reporting to NAIC, Solvency II, and other global standards.
The new capabilities also extend to fund research, with AI being applied to fund documents and due diligence. The fund research feature provides real-time accuracy across asset owners and managers with a single source of truth. The asset sync feature further ensures this real-time accuracy, ensuring that all parties involved have access to the most up-to-date information.
Blue Owl Capital's interval fund is not just about growth, but also about improving efficiency. The new capabilities are designed to accelerate fund research and automate processes, ultimately making the private credit market more accessible and manageable for institutions.
While the search results do not provide specific information on which institutions received financial support from CWAN to implement these improvements in their alternative asset solutions, it is clear that the focus of this development is on enabling firms to increase allocations to private credit without increasing operational risk.
As the private credit market continues to grow, it is evident that innovative solutions like those provided by CWAN and Blue Owl Capital will play a crucial role in its development. The launch of the first interval fund focused on alternative credit marks a significant moment in the private credit market's evolution, and it will be interesting to see how these developments shape the industry in the coming years.
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