Founded in 2017, Pier Asset Management is a private credit investment firm specializing in niche opportunities within specialty finance. Pier has carved out a unique role in the market, bridging the gap for growth-stage originators in need of tailored credit solutions to scale their businesses. Since inception, the firm has funded over $500 million in credit transactions.
As their portfolio grew, Pier recognized mounting challenges with their traditional reliance on Excel spreadsheets to manage borrower reporting. Manual processes for reviewing completion and accuracy were increasingly time-consuming, at risk for error, and decentralized, with critical data scattered. Their main goals were to:
“Cascade was the catalyst for bringing ourportfolio monitoring to the next level. This benefits us and our borrower partners: it’s a win-win.”
Pier was introduced to Cascade Debt through a co-investment partner who already used the platform across transactions. Initially, the team piloted Cascade with a small set of positions, operating parallel processes between Excel and Cascade to build internal comfort and verify accuracy. Gradually, they expanded usage until Cascade became their default system, requiring strong justification to operate outside of it.
By transitioning to Cascade, Pier realized significant improvements:
Cascade has become integral to Pier’s investment operations by improving scalability, reliability, and communication with its counterparts.
Founded in 2017, Pier Asset Management is a private credit investment firm specializing in niche opportunities within specialty finance. Pier has carved out a unique role in the market, bridging the gap for growth-stage originators in need of tailored credit solutions to scale their businesses. Since inception, the firm has funded over $500 million in credit transactions.
As their portfolio grew, Pier recognized mounting challenges with their traditional reliance on Excel spreadsheets to manage borrower reporting. Manual processes for reviewing completion and accuracy were increasingly time-consuming, at risk for error, and decentralized, with critical data scattered. Their main goals were to:
“Cascade was the catalyst for bringing ourportfolio monitoring to the next level. This benefits us and our borrower partners: it’s a win-win.”
Pier was introduced to Cascade Debt through a co-investment partner who already used the platform across transactions. Initially, the team piloted Cascade with a small set of positions, operating parallel processes between Excel and Cascade to build internal comfort and verify accuracy. Gradually, they expanded usage until Cascade became their default system, requiring strong justification to operate outside of it.
By transitioning to Cascade, Pier realized significant improvements:
Cascade has become integral to Pier’s investment operations by improving scalability, reliability, and communication with its counterparts.