Global Private Equity Firm implements world-class Debt Management Solution
The challenge
A leading global private equity firm had long used a best-of-breed treasury platform to manage its cash, risk, and liquidity. However, loan management was still handled via an in-house tool that could not match the sophistication of its treasury systems.
The firm’s operations were decentralized and geographically dispersed, with multiple time zones, teams, and departments involved in investment decisions. Debt financing—covering more than 20 facilities totaling around USD 4.5 billion—was integral to the group’s fund operations, enabling capital calls, flexible liquidity, and fund-level financing.
To professionalize and scale these lending operations, the firm issued an RFP to leading system vendors for a dedicated debt management solution. However, the process was hampered by staff turnover, limited functional documentation, and a lack of end-to-end visibility across the transaction chain.
As a result, the original RFP specifications did not fully capture the complexity of the workflows and data integrations required for an enterprise-grade solution.
The solution
SkySparc proposed an integrated solution combining the client’s existing treasury platform with an advanced commercial lending module, supported by OmniFi for process automation, data integration, and testing.
OmniFi was configured to support system setup, reporting, and dashboards, automate static-data updates, and schedule alerts and user notifications. It was also deployed across development and test environments to automate regression and interface testing during implementation.
The new loan management solution would centralize external and internal lending activities—from initiation to settlement and accounting—within a unified risk and reporting framework. SkySparc worked closely with the client’s accounting, risk, and fund-finance teams to map and document end-to-end processes, ensuring alignment across departments and time zones.
As the project progressed, the firm expanded its original scope after recognizing the platform’s potential for automation and scalability. SkySparc’s consultants adapted to evolving requirements, providing continuous functional guidance and education to business stakeholders on configuration options, parameters, and risk controls.
User acceptance testing required close collaboration between SkySparc and the client’s internal teams to align expectations and refine workflows for users with diverse responsibilities.
A major component of the project involved designing and implementing customized interfaces between the new debt module and existing systems. Using OmniFi and a dedicated loan database, SkySparc developed automated data-exchange processes that ensured accuracy, transparency, and synchronization.
SkySparc also built several custom routines to meet specific client needs, including tools to:
- compute credit ratings and covenant ratios,
- generate real-time compliance certificates,
- mirror multi-counterparty internal facilities, and
- automatically hedge foreign-currency loans.
Dashboards were implemented to give all stakeholders clear visibility into portfolio exposures, utilization, and compliance status.
I am under no illusions about the difficulty of implementing new loan management software at any organization, let alone one as bespoke and complex as ours. I look forward to continue working with you, and improving on this excellent foundation over the next years.
Project Manager, Global Private Equity Firm
The result
SkySparc’s ability to combine strategic advisory, stakeholder coordination, and technical implementation proved decisive. The consultants not only implemented the technology efficiently but also ensured the solution aligned with the firm’s wider investment strategy, risk framework, and governance processes.
For internal lending, SkySparc integrated the firm’s multi-parameter risk model into the platform, based on credit-rating weightings. For external loans, bespoke functionality was added to handle complex covenant and compliance calculations.
OmniFi played a central role in automating data processing, integrating compliance documentation, and meeting the firm’s demanding reporting and alerting requirements.
Although the project extended beyond its initial six-month timeline, the result was a fully automated, best-in-class debt management solution—integrated with the firm’s existing treasury and risk systems, and compliant with the post-LIBOR interest-rate framework.
Following the successful go-live, SkySparc supported a second project phase that introduced new loan types and features—reducing hedging costs and shortening time-to-market for new structures. The firm also benefited from end-to-end process integration across initiation, accounting, and settlement.
SkySparc subsequently helped implement updates to the client’s external facility agreements and loan-book hedging policies for EUR and USD exposures. An automated test package was developed within OmniFi to validate the loan functionality and will serve as part of the client’s broader migration to a cloud-based treasury infrastructure.
