For Private Credit

Your number one worst outcome is fraud. Ours is helping you find it first.

You're lending to operating businesses that can be great one day and go to shit the next. Quarterly updates leave you blind to deteriorating credits. Covenant breaches surprise you. Fraud hides until it's too late. Verified Metrics provides daily visibility into borrower financials—so you catch problems before they cost you.

Private Credit Funds

Venture Debt

Revenue-Based Lenders

See It In Action

30-minute walkthrough.

No commitment.

What keeps private credit
managers up at night?

Detect Fraud

"My number one worst outcome is fraud." People are getting their ass handed to them on fraud. Revenue manipulation, cash balance lies, forged documents. You find out after the damage is done.

You catch manipulation before it becomes a write-off. Benford's Law analysis, automated proof of cash, and transaction-level verification catch fraud before it costs you. Daily data sync means you're watching, not waiting.

Monitor Covenants

You're checking covenant compliance reactively during scheduled reviews. By the time you spot a breach, it's already happened. Struggling borrowers get worse, not better, without early intervention.

You see problems developing before they become breaches. Automated covenant compliance tracking (liquidity ratio, leverage ratio, DSCR, fixed-charge coverage) for all connected borrowers. Alerts the moment trends turn concerning.

Track Venture Debt

You're checking covenant compliance reactively during scheduled reviews. By the time you spot a breach, it's already happened. Struggling borrowers get worse, not better, without early intervention.

You know when your repayment source is at risk. Track runway, burn rate, and cash position so you can assess when borrowers will need to raise capital, not just coverage ratios. See when cash position deteriorates before they call you asking for forbearance.

Defend Valuations

"It was a bit of a joke...how much are we going to write this down? We would decide it and then the math would be structured." Your auditors accept it, but you know it's not defensible.

Your valuations stand up to scrutiny. Every mark traces to a transaction. Market-based methodologies with full documentation. Valuations your auditor will accept and your LPs will trust.

Communicate to LPs

LP due diligence questions require demonstrating portfolio oversight. "Me having this is an amazing selling point to my LPs." But you don't have third-party verified data.

Third-party verified oversight becomes your competitive edge. Portfolio visibility becomes your fundraising advantage. Show LPs you're watching with real-time data, not quarterly spreadsheets.

Manage Growing Portfolio

You're managing 15+ borrowers with quarterly Excel updates. Chasing spreadsheets, reformatting data, and building reports consumes 40+ hours per quarter. You're drowning in manual work instead of analyzing credits.

Automate what doesn't require judgment. One platform for your entire portfolio. Data collection, standardization, and reporting that used to take days now takes minutes. Redirect analyst time from administration to credit analysis.

Use Cases by Deal Type

Covenant Monitoring

Track DSCR, leverage ratio, liquidity ratio, and fixed-charge coverage across all borrowers. Alerts before breaches.

Performance Notifications

Fraud Detection

Benford's Law, proof of cash, and anomaly detection surface concerning patterns before they become losses.

Auto Data + Terminal

Portfolio Marks

IFRS-compliant valuations for quarterly/annual reporting. Every assumption documented and traceable.

Instant Models + Team Review

Runway Monitoring

Track burn rate, cash position, and runway for pre-profit borrowers. Know when they need to raise.

Auto Data + Terminal

Revenue Verification

Automated monthly revenue calculations for RBF structures. No manual tracking.

Performance Notifications

Warrant Valuation

Ongoing warrant mark support for warrants that last longer than the loan.

Instant Models

Traditional Private Credit
Venture Debt / Revenue-Based

How does this compare?

Alternative

Quarterly Spreadsheets

Manual Covenant Tracking

Traditional Valuation Firms

Fund Administrators

The Problem

Updates arrive late, scattered, and sanitized. You're reacting to problems, not preventing them. "They can be great one day and it can go to shit the next."

Checking compliance during scheduled reviews means you miss early warning signs. By the time you spot a breach, it's too late for intervention.

Point-in-time marks, annual/quarterly frequency, their black box methodology. "We're not particularly happy with what we've been using internally."

NAV calculation based on what you send them. They can't see what you can't see. No insight, just numbers with lag.

Verified Metrics Advantage

Daily data sync. Automated alerts. You see deterioration starting, not after the cliff.

Continuous covenant monitoring with automatic alerts. Step in early with operational guidance.

Continuous visibility, real-time updates, transparent models. "We beat Kroll on that contract."

Direct from source data. Analysis, not just calculation. Daily sync, not monthly lag.

Alternative
The Problem
Verified Metrics Advantage

Features that matter

Auto Data

Borrowers connect their accounting systems via API. Make financial system access a loan covenant—no different than monthly reporting requirements. Now it's just automated.

Instant Models

Credit analysis models auto-populate with live data. DSCR, leverage, coverage ratios—always current, always traceable.

Terminal

Ask any question: "Who's at risk of covenant breach?" "What's the cash burn for Company X?" Every answer backed by live data. AI understands questions. Algorithms calculate answers. Zero hallucinations.

Performance Notifications

Automated monthly covenant compliance metrics for all borrowers. Identify struggling credits early. Provide operational guidance before breaches occur.

Team of Professionals

CFA and CPA professionals for independent valuation review. Audit-defensible marks at a fraction of traditional firm cost.

Frequently asked questions

What covenant metrics do you track?

Liquidity ratio, leverage ratio, debt service coverage ratio (DSCR), fixed-charge coverage ratio. Custom covenants can be configured for bespoke deal structures.

What if a borrower won't connect their accounting?

Make API access a loan covenant before you fund. Include it in your term sheet alongside monthly reporting requirements. Once you've given them the money, it's too hard to enforce. Our best customers require API connection upfront and maintain it as a covenant throughout the loan. For borrowers that can't connect (legacy systems, manual bookkeeping), we work with uploads, but you lose the daily visibility that catches problems early.

Can I use this for LP reporting?

Yes. Audit-ready portfolio visibility and IFRS-compliant valuations. Third-party verified data for LP due diligence.

How does this work with revenue-based financing?

Automatic monthly revenue calculations from connected accounting and bank data. Track repayments against revenue share. No manual tracking.

How do you handle warrant valuation?

Ongoing warrant mark support using market-based methodologies. Warrants that outlast the loan still get valued.

Is this just for venture debt?

No. We serve traditional private credit, venture debt, and revenue-based lenders. The platform adapts to your deal structures.

Ready to see your portfolio before problems see you?

Stop waiting for quarterly updates that arrive too late. Get daily visibility into borrower financials, automated covenant tracking, and fraud detection that catches problems before they cost you. One fraud avoided pays for a decade of this platform.

30-minute walkthrough. See exactly what real-time covenant monitoring looks like for your fund.

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