Summer ’26 Release Roundup: What’s New Across CLA+ and Deal Management
Two focus areas, one release. Deal Management gets an operational layer built for scale. CLA+ gets sharper control over collaboration, approvals, and draw math. Here’s what shipped.
AI-Powered Task Management: One View for Everything Due
The Action Center gives asset managers a single, portfolio-wide view of what’s due and overdue. Recurring templates generate tasks automatically, send document requests, screen what comes back, and route approved financials straight to extraction.
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Covenant Tracking: Compliance You Can Prove
Define, test, and monitor covenants in one place, with breach and at-risk thresholds that surface trouble early. Every test lands in a history with its value, date, and status, and a portfolio-wide compliance signal rolls up to the Action Center.
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Warehouse Lending: Know Your Capital in Real Time
Built connects portfolio, financing, and servicing data into one source of truth for private credit fund managers. Borrowing capacity, advance availability, and dry powder calculate automatically, so your team always knows what’s available to deploy.
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Multi-Stakeholder Collaboration: Every Party, On the Platform
Sponsors, guarantors, GCs, capital partners, and vendors can now get real platform access. Four access levels, one Collaborator Access tab, and a Primary Collaborator column on the Portfolio grid keep every deal’s access map current.
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Approval Entitlements: Authority Tied to Dollars
Set a dollar cap per user, or mark them Unlimited, and a draw only advances once someone with sufficient authority approves it. Caps don’t stack, and enforcement is configurable per workflow transition, so lenders get precise control over who signs off on what.
AIA Retainage Drawer: Net Draw That Matches the Pay App
A dedicated Pay Application Detail drawer mirrors the G702 for AIA line items and calculates Retainage This Draw automatically, so Net Draw lines up cleanly with what the pay application shows. Hard cost lines calculate exactly as they always have.
New Organization Page: Compliance and Collaboration, One Screen
See which deals an organization is collaborating on and attach compliance docs with expiration dates, right from the contacts page.
Borrower Purchased Interest Caps & Net Effective Rate: Precision on Floating Rate Loans
A new Borrower Purchased Cap field for derivative instruments and a calculated Net Effective Rate give lenders a more precise read on the true cost of floating rate structures.