Key Takeaways
- • Carta has acquired Sirvatus, a loan administration platform for private credit funds, and is launching the rebranded product Carta Loan Operations, according to a Business Wire release dated October 9, 2025.
- • The deal extends Carta's fund administration, accounting and investor reporting into loan-level operations, which Carta says makes it the first truly integrated platform for private credit fund CFOs.
- • Carta cites private credit AUM surging to more than $1.7 trillion in 2024, with Preqin projecting $2.8 trillion by 2028, as the demand driver for the product.
- • The acquisition follows Carta's recent purchase of Accelex and expanded partnerships with Morgan Stanley Wealth Management and the New York Stock Exchange.
Summary
Carta, the software platform for private capital, announced that it has acquired Sirvatus, a loan administration platform for private credit funds. The companies said the combination creates an end-to-end platform that unites fund administration, loan operations and investor reporting for private credit fund CFOs. The acquisition was announced from San Francisco and Austin. The release did not disclose a purchase price.
The newly rebranded product, Carta Loan Operations, is positioned to automate manual processes. According to Carta, the offering includes native support for complex deal structures such as cash sweeps, PIK toggles, unitranche loans and amendments, captured directly from loan agreements. It also provides real-time dashboards covering loan positions, payment schedules, interest rates, loan- and portfolio-level return modeling and compliance status. Fund accounting updates with each loan transaction, and institutional investors can access performance data and customizable reports through Carta's LP Portal.
Carta CEO Henry Ward said the move extends Carta's ERP for Private Capital into private credit, one of the fastest-growing asset classes. He compared the approach to the company's work with venture and private equity CFOs, linking portfolio company cap table events to its fund accounting suite. Sirvatus CEO Trevor Cook said the combination addresses a long-standing gap by connecting underlying asset data with core fund workflows and reporting.
The deal follows several recent announcements by Carta. The company said it recently acquired Accelex to automate data extraction and analysis for private markets, and it cited an expanded partnership with Morgan Stanley Wealth Management and its role as preferred listing partner for the New York Stock Exchange. Carta describes its fund administration platform as supporting more than 9,000 funds and SPVs with over $185 billion in assets under administration. The release is company-issued and its market sizing figures are cited from Preqin.
The newly rebranded product, Carta Loan Operations, is positioned to automate manual processes. According to Carta, the offering includes native support for complex deal structures such as cash sweeps, PIK toggles, unitranche loans and amendments, captured directly from loan agreements. It also provides real-time dashboards covering loan positions, payment schedules, interest rates, loan- and portfolio-level return modeling and compliance status. Fund accounting updates with each loan transaction, and institutional investors can access performance data and customizable reports through Carta's LP Portal.
Carta CEO Henry Ward said the move extends Carta's ERP for Private Capital into private credit, one of the fastest-growing asset classes. He compared the approach to the company's work with venture and private equity CFOs, linking portfolio company cap table events to its fund accounting suite. Sirvatus CEO Trevor Cook said the combination addresses a long-standing gap by connecting underlying asset data with core fund workflows and reporting.
The deal follows several recent announcements by Carta. The company said it recently acquired Accelex to automate data extraction and analysis for private markets, and it cited an expanded partnership with Morgan Stanley Wealth Management and its role as preferred listing partner for the New York Stock Exchange. Carta describes its fund administration platform as supporting more than 9,000 funds and SPVs with over $185 billion in assets under administration. The release is company-issued and its market sizing figures are cited from Preqin.
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