Juniper Square buys Tenor Digital to expand private credit solutions

Tenor's solutions optimize post-close loan operations, strengthening Juniper Square's ability to serve the fast-growing private credit market, which is projected to reach $3 trillion in AUM by 2028. Tenor's offering will be tightly integrated with Juniper Square's connected software, data, and fund administration services platform.

"Private credit is one of the fastest-growing segments of the private markets, and this acquisition accelerates our ability to deliver a unified platform that meets the distinct needs of GPs across every asset class," said Christine Egbert, General Manager of Fund Administration at Juniper Square. "The Tenor team shares our passion for AI and commitment to exceptional service. We're excited to welcome them to Juniper Square as we continue modernizing the infrastructure of the private markets."

"We created Tenor to bring modern infrastructure and efficiency to private credit, helping the industry operate with greater transparency and scalability," said Tony Chung, Co-Founder and CEO of Tenor Digital, who joins Juniper Square as Managing Director, Private Equity and Private Credit. "Juniper Square is delivering on this vision for the broader private markets and together, we'll build next-generation innovations to power the most comprehensive private credit platform in the industry."

The acquisition builds on the recent launch of JunieAI, the first agentic AI platform purpose-built for the private markets. Tenor's AI-driven suite of loan servicing, communications, reporting, and financial tracking and reconciliation tools will be integrated with Juniper Square's connected technology and fund administration services, expanding the company's role as the leading operations partner for GPs running private credit strategies. The Tenor team will join Juniper Square's extensive and growing team of industry leaders with decades of private credit and private markets expertise.