Entrilia and LoanStreet integrate private credit loan servicing with fund accounting

Entrilia now connects to LoanStreet! Loans you originate in LoanStreet come straight into your ledger, and coupons paid in Entrilia go back to LoanStreet. With bank feeds and reconciliation already in Entrilia, your team closes faster and reports to investors from the same loan data in both systems.

If you run operations for a private credit fund, you know the month-end ritual. Export the servicing report. Reformat it. Key it into the ledger. Reconcile, find the one PIK capitalization that didn't match, and reconcile again.  

We've watched sharp finance teams lose days to this, and today we're excited to share the fix. Entrilia now integrates with LoanStreet, the loan agency, administration and servicing platform built for direct lenders and the agents who work with them.  

How does it work?

LoanStreet is where private credit teams board and service their loans. Entrilia is where funds keep their books and report to investors. If your servicing and fund accounting live in separate systems today, someone on your team is probably moving the data between them by hand.  

With the integration, LoanStreet sends Entrilia everything that happens to your loans: draws, interest, fees, PIK, repayments, and accruals. It sends what's coming next too, so your future payment schedules are already in Entrilia. Entrilia maps each item to your chart of accounts and posts it at the right level of your fund structure. Then Entrilia matches each LoanStreet payment against the real transactions on your bank statement and builds the cash reconciliation for you.

What changes for your team?

After the integration, here’s what your team can expect:  

• You record loan activity once. LoanStreet captures it, Entrilia accounts for it, and nobody re-types a thing.  

• Your close gets shorter. Interest, fees and accruals reach the ledger as they're serviced, so month-end and quarter-end reconciliation starts from numbers that already match.  

• Your investor reports match your loan book. Capital account statements, NAV and performance reports in Entrilia draw on the same loan-level data LoanStreet uses to service the portfolio.

• Your auditors can follow the trail. You can trace each ledger entry back to the servicing event behind it.  

Why does private credit need this?

Private credit has outgrown the spreadsheet. One fund can hold delayed-draw term loans, unitranche facilities and PIK instruments spread across funds, SPVs and separately managed accounts. Each draw, coupon and repayment has to show up in the ledger, the investor allocations and the reports. That's a lot of hand-offs to hang on one export file and one tired analyst.

Since day one in 2021, we've built Entrilia API-first, so your books can pull data straight from the systems where the work happens, like your loan servicer and your bank. LoanStreet works the same way, which made them a great team to build with.  

How can firms get started?

Contact Entrilia at entrilia.com/contact-us or LoanStreet at loan-street.com/contact.

FAQ

Who is the integration for?

Private credit fund managers and fund administrators that service loans in LoanStreet and keep fund books in Entrilia.

Does it support complex fund structures?

Yes. Entrilia posts loan activity at the right level of the fund, SPV and SMA hierarchy.

Does it help with bank reconciliation?

Yes. Entrilia produces cash-matching reconciliations between LoanStreet payment activity and bank statement transactions.

Can each ledger entry be audited?

Yes. Each entry can be traced back to the servicing event that produced it.