Inside Global Loan Agency Services
Founded in 2011 by Mia Drennan and Brian Carne, London-based Global Loan Agency Services (GLAS) provides administration and trustee services across the credit markets, including private credit and leveraged finance.
The firm manages the administration of complex debt instruments and has expanded into a global operation with 16 offices worldwide and a workforce of more than 450 employees.
Rapid Growth and Market Scale
OCI said GLAS administers a portfolio valued at more than $750 billion and has delivered around 40% revenue growth in recent years.
The private equity firm highlighted the scale of the opportunity ahead, noting that the global private credit market currently oversees assets exceeding $2.4 trillion and is projected to surge past $4.5 trillion by 2030.
Strong fundraising from institutional and retail investors, combined with a widening range of loan types attracting capital, is helping fuel that expansion, OCI said.
High Barriers, Few Rivals
According to OCI, GLAS also benefits from high barriers to entry, limiting the number of competitors able to operate at scale. Those hurdles include the challenge of securing specialized regulatory approvals and licenses, as well as the deep technical expertise required to navigate complex debt markets.
Peter Dubens, OCI’s co-founder and managing partner, credited Drennan with building “a global leader in the market for debt administration” and said Oakley looks forward to supporting the company’s next phase of growth.
