#United States #Denver #Thornburg Advisers #Perspecta LLC #5th Century Partners

Thornburg Bow River Advisers Supports the Refinancing of Perspecta

In a notable move, Thornburg Bow River Advisers (TBRA), a firm recognized for its dynamic capital solutions targeting lower and middle-market enterprises, announced the successful backing of a significant refinancing operation for Perspecta, LLC. This company is at the forefront of provider data management and healthcare technology solutions. TBRA acted as the administrative agent for this credit facility in collaboration with Quilvest Capital Partners.

Transforming Healthcare Management
Perspecta has established itself as a leader within the workers' compensation and group health sectors, delivering essential service and technology products designed to enhance the management of health insurance providers' physician data and networks. Their offerings are not just about improving operational efficiency; they also ensure compliance with a myriad of state and federal regulations, thereby cutting costs and improving data management services.

The company's commitment to accuracy and reliability is evident through their solutions, which significantly improve patient and user experiences by delivering transparent healthcare and provider data. Since early 2023, Perspecta has been a part of the 5th Century Partners portfolio, emphasizing its growing influence in the industry.

A Synergistic Partnership
Mark Torres, the Managing Partner at 5TH Century Partners, expressed enthusiasm about the collaboration with TBRA, emphasizing their ability to provide creative financial solutions, which made them an obvious partner for this kind of transaction. The intent is to support Perspecta in expanding its ongoing mission within the healthcare technology space.

Aaron Arnett, head of TBRA's private credit division, also shared insights on the partnership, praising the considerable expertise that both Perspecta and 5th Century Partners bring to the table in healthcare and insurance management. This collaboration, he noted, is poised to significantly boost Perspecta's growth trajectory moving forward.

About Thornburg Bow River Advisers
Founded in 1982, Thornburg Investment Management is a well-established investment firm headquartered in Santa Fe, New Mexico, while Bow River Capital was established in 2003 in Denver, Colorado. Their joint venture, Thornburg Bow River Advisers, focuses on delivering flexible capital solutions to lower and middle-market companies. They utilize their combined networks and extensive experience to forge long-lasting partnerships aimed at supporting business growth during various economic cycles.

About Perspecta, LLC
Perspecta is on a mission to redefine provider data management with cutting-edge technology and a focus on innovation. They strive to streamline provider network management, which in turn, delivers robust value to all involved parties, including consumers, providers, and partners. With an impressive accuracy rating exceeding 95%, Perspecta stands as the favored choice for businesses seeking dependable data management solutions.

About 5th Century Partners
5th Century Partners is a purpose-driven investment firm focused on nurturing middle-market companies in sectors including healthcare and consumer services. They prioritize investments that foster not only economic growth but also social benefits.

About Quilvest Capital Partners
With over 50 years in the private markets, Quilvest capitalizes on a global investment platform managing vast assets. They specialize in providing tailored debt and equity solutions to the lower middle-market across various industries.

The collaboration between TBRA, Perspecta, 5th Century Partners, and Quilvest Capital Partners exemplifies a strategic alliance aimed at fostering innovation and continuing growth within the healthcare technology landscape. As these companies work together, their focus on providing solutions grounded in expertise and reliability promises to inspire significant advancements in healthcare data management and beyond.