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May 2022 | Issue 245
News

Loan fintech drills into private data to free up analysts’ time

Sayed Kadiri headshot
Sayed Kadiri
Editor
The role of credit analysts could be redefined if a new product launched by a tech company takes off. Officials at New York-based LoansIntel say they are synthesising and centralising private issuer data to free up investment teams to focus on critical thinking instead of data curation.
The fintech firm’s investor base consists of venture capital and credit firms. By combining technology with credit expertise, LoansIntel provides a turnkey solution that allows asset managers to monitor and screen new loan investments efficiently, says chief executive officer Asif Khaja.
“Most of my career was spent as a credit investor where I was surrounded by extremely talented and bright people,” he says. “What was frustrating was how much time had to be dedicated to curating data in spreadsheets, which took away from the critical thinking driving investment decisions that made these firms so successful. This is an opportunity for our clients to improve efficiency, increase morale, and enable their investment professionals to focus on fundamental due diligence.”
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“It allows managers to monitor loan investments more efficiently”
Asif Khaja, Chief executive officer | LoansIntel
Khaja says he has heard from analysts who routinely cover up to 150 names and argues this is not sustainable. “This is foundational work, but having analysts spend significant time building models can be a competitive disadvantage,” he says, arguing that analysts should feel empowered by LoansIntel’s platform.
Khaja started his career on the sell side at JP Morgan and Barclays, before working as an analyst at Investcorp Credit Management. He co-founded LoansIntel in early 2020 to support new deal evaluation, portfolio monitoring and secondary opportunity sourcing.
LoansIntel’s products seek to analyse private loan issuers. These tend to be highly acquisitive and have nuanced, non-standardised financials.
One area loan asset managers often struggle to get an accurate picture is on ebitda adjustments, and LoansIntel has tackled this by reconciling adjustments against a company’s financials.
LoansIntel is tracking several hundred loan issuers with a goal of covering every private US liquid loan issuer in the next year. From there, it will look to expand into high yield and direct lending.
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Global credit funds & CLO's
May 2022 | Issue 245
Published in London & New York.
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