How to be “Named Agent” without the headache of loan admin

Introduction

In private credit and direct lending, the distinction between being a mere lender and acting as the named agent or delegating to sub-agents can make or break your operational efficiency, economics, and control. At LedgerComm, we built agency software that allows funds to act as their own agent — or selectively delegate — without drowning in spreadsheets, emails, or compliance risk.

Why Lenders Want to Be the Named Agent—or Contract Sub-Agents

• Control & Visibility
  As named agent, the fund (or lender) sees full deal flow, servicing operations, borrower interactions, and real-time data — no reliance on a third party’s timeline or system.

• Better Economics (Fee Capture)
  The named agent typically earns agency fees (e.g. administrative agent fees, sub-agent commissions) over the life of the deal. Being named agent allows you to capture that revenue, rather than paying a third party. On larger syndicated deals the named agent can capture transfer fees when lenders trade which can be up to $4000 per trade

• Flexibility via Sub-Agents
  Even when acting as named agent, you can delegate (via sub-agents) functions to specialist providers or partners (for example, in certain geographies, or for collateral monitoring, local servicing, or distressed workouts). This gives you the best of both control and outsourcing.

• Brand / Positioning / Negotiation Leverage
  Being the named agent signals operational sophistication and can strengthen your position in deals. It also gives you more leverage in structuring and governing the loan.

The Challenges of Being a Named Agent Without the Right Tech

• Manual workflows: spreadsheets, emails, version control issues
• Reconciliation complexities across lenders, cash waterfalls, interest resets
• Legal notices, amendments, defaults, restructurings require tight workflows
• Auditability, compliance, and traceability demands
• Onboarding lenders & borrowers, managing document versions, rights transfers

Without robust software, being a named agent can quickly become a full-time operational burden rather than a strategic advantage.

How LedgerComm’s Agency Tech Solves This

LedgerComm is designed specifically for funds and private credit managers to act as named agents (or to delegate parts via sub-agents), in a frictionless, auditable, compliant way. Here’s how:

• Full Deal Automation – From borrower onboarding and document generation, to payment collection, interest accrual, rate resets, and cash distribution — everything runs in a single integrated platform.
• Sub-Agent Delegation Built In — You can contract sub-agents to perform delegated tasks, with permissioning and role definitions baked into the system.
• Fee Structures & Waterfalls — The platform supports layered fee capture, agency fee splits, and charging or retaining fees in the transaction structure.
• Real-Time Ledger & Audit Trail — Every action, calculation, and cashflow is traceable, timestamped, and auditable — critical for compliance, LP reporting, and deal governance.
• Document & Notice Management — Integrated notices, covenant triggers, amendments, and workflows, all auditable with version control and alerts.
• Scalability & Efficiency — No more scaling headcount for each new deal; add new deals effortlessly in the same environment.
• Full API integration to your portfolio management system so you never need ask for a loan notice again!

In short: LedgerComm turns the burden of agency operations into a scalable, lean, technology-driven advantage.