Capital One announced that it served as the administrative agent for a $45 million senior credit facility to Black Mountain. The facility consists of a $40 million term loan and a $5 million revolver.

Founded in 2007 and headquartered in San Diego, Black Mountain provides software to financial institutions, investment firms, asset managers and direct lenders for portfolio management, compliance, trade order processing and research management. Black Mountain was purchased by Stone Point Capital in 2015. Stone Point manages the Trident Funds, which together have aggregate committed capital of approximately $13 billion.

“Black Mountain has a blue-chip client base, loyal customers, and a record of strong growth in a rapidly expanding niche,” said Robert Malone, Managing Director in Capital One’s Technology, Media, and Telecom business. “We are pleased to have the opportunity to work with the company and support future growth.”

“The Capital One team’s experience and expertise in the technology industry made them the logical financial partner for our business,” said Andy Horwitz, Co-CEO at Black Mountain. “This facility will allow us to continue evolving as the demand for investment software continues to grow.”