Seven funds, 191+ borrowers, 25+ countries.
How an Africa-focused private debt manager moved fund compliance off seven spreadsheets and onto one platform in four weeks, and took 120+ hours of quarterly admin down to under five.
A testimonial tells you someone was pleased. A number tells you what changed.
Compliance admin per quarter, across seven funds and 191+ borrowers in 25+ countries. Live in four weeks.
The situation
Covenant breaches surfaced at the quarterly review. Which is three weeks after they happened.
Cygnum Capital lends into agriculture, off-grid energy, financial inclusion and infrastructure across Africa. Seven funds, and compliance for every borrower in all of them tracked in seven separate Excel workbooks with inconsistent structures.
Covenant tests on DSCR, LTV and ICR were recalculated by hand when somebody got to them. Borrower reporting arrived as email attachments, so the numbers behind any portfolio question were two to three days old before anyone opened them.
About 15% of reporting deadlines were missed. Not because anyone was careless, but because chasing 191 counterparties across 25 countries on a quarterly cycle is a full-time job that nobody had been given.
The seven funds, named as they run today: AATIF, AGG, ALCBF, E3, FEI, OGEF, UGEAP.
One reporting quarter, before and after.
Cygnum Capital manages seven investment funds lending into agriculture, off-grid energy, financial inclusion and infrastructure across Africa. This is what changed for the people who run compliance on that book, in the order it changed.
Built on CapitalBridge. Runs on Azure SQL and Power BI, with an assistant layer over the same services the dashboards use.
Compliance for 191 borrowers lived in seven spreadsheets.
Each fund had grown its own workbook, with its own column order, its own covenant names and its own idea of what a reporting period was. Nothing reconciled across them, so a portfolio-level question had to be answered by hand, seven times.
The whole book was configured in four weeks.
All seven funds with their sector hierarchies, every borrower classified, and the 27 standard reporting requirement types activated with cascading assignment rules. Multi-currency mapping covered 20+ frontier market currencies.
Borrowers stopped emailing attachments and started submitting.
The counterparty portal opened to all 191+ borrowers across 25+ countries in week four. Submissions arrive structured and dated instead of as spreadsheets in an inbox, which is what took the two-to-three day data lag out of the process.
Five automated jobs now do what the calendar used to.
Submission scheduling, seven-tier escalation reminders, FX synchronisation and covenant calculation all run unattended. Missed submission deadlines went from about 15% to effectively zero, because chasing is no longer somebody's job.
One person reviews the dashboard each morning.
Compliance admin fell from 120+ hours a quarter to under five, and covenant monitoring moved from a two-to-three day lag to real time. The platform also carries 67 governed tools, 58 read-only and 9 guarded writes, so the same numbers can be asked for in plain words and every call is logged against the real user.
How to check this
Every figure here is the client's, not ours.
The numbers on this page are published by Cygnum Capital and appear in their own write-up as well as ours. Prospective customers in the final stages of evaluating Proceptio can typically get a 30-minute reference call with one of our named customers, subject to that customer's availability. Ask during your scoping call.
