The State of Private Credit Technology

The State of Private Credit Technology

In a recent survey of 150 private credit firms, conducted by Armentum Partners and Lumonic, the majority reported still running on Excel. Technology adoption has been slow:

In a recent survey of 150 private credit firms, conducted by Armentum Partners and Lumonic, the majority reported still running on Excel. Technology adoption has been slow:

Only 5% have integrated AI into underwriting or loan management

Only 5% have integrated AI into underwriting or loan management

Just 10% use third-party tools for underwriting or portfolio management

Just 10% use third-party tools for underwriting or portfolio management

Underlying the slow adoption are three key barriers: a desire for all-in-one solutions, skepticism about AI accuracy, and a conservative culture viewing early adoption as risky.

Underlying the slow adoption are three key barriers: a desire for all-in-one solutions, skepticism about AI accuracy, and a conservative culture viewing early adoption as risky.

Download the report to read more on what's working and where the industry is headed.

Download the report to read more on what's working and where the industry is headed.

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© 2025 Lumonic Inc., a PitchBook company.

Monitor portfolio data from the source—
across every asset class.

© 2025 Lumonic Inc., a PitchBook company.

© 2025 Lumonic Inc., a PitchBook company

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