San Francisco-based private capital fintech Carta has acquired Sirvatus, a specialized loan administration platform for private credit funds, for an undisclosed sum, rebranding it as Carta Loan Operations to integrate fund administration, loan operations, and investor reporting into a single platform. The newly formed Carta Loan Operations will provide automated loan tracking, comprehensive accounting and reconciliation tools, and real-time compliance monitoring and investor reporting specifically designed for private credit funds. This integration aims to offer an end-to-end solution for managing private credit workflows. Carta currently provides fund administration services to over 9,000 venture capital and private equity firms, overseeing more than $185 billion in assets under administration across 160 countries. Its existing offerings include managing cap tables, valuations, equity programs, and investor reporting. Henry Ward, CEO of Carta, stated that the acquisition expands Carta’s enterprise resource planning (ERP) system to serve private credit fund chief financial officers with the same transparency and automation previously offered to private equity and venture capital. He added that the company’s objective is to construct a system for private markets that connects every workflow, from loan data to fund financials, taxes, and limited partner reporting. This acquisition follows Carta’s earlier purchase of UK-based Accelex this month. Accelex offers an AI-powered data automation platform that assists institutional limited partners in extracting and analyzing data from private market documents, such as quarterly reports, cashflow notices, and financial statements.