WhatA SaaS platform that continuously monitors private credit portfolios against macro signals (fed funds rate, sector defaults, covenant triggers) and runs automated stress scenarios for institutional LPs and fund managers.
SignalPrivate credit has grown massively but the default rate just hit a record 9.2%, revealing that most allocators lack real-time visibility into how rate movements and sector-specific risks cascade through their illiquid portfolios.
Why NowPrivate credit AUM has ballooned past $1.7T while defaults surged to historic highs — LPs and regulators are suddenly demanding granular, continuous risk monitoring that the industry's quarterly-report culture cannot provide.
MarketInstitutional LPs, family offices, and private credit fund managers; TAM ~$5B+ in alternative investment analytics; incumbents like MSCI and Bloomberg offer broad tools but lack private credit-specific default prediction and covenant monitoring.
MoatProprietary default prediction models trained on private credit deal-level data that is not publicly available, creating a compounding data advantage as more funds share portfolio data for benchmarking.
US private credit defaults hit record 9.2% in 2025, Fitch saysView discussion ↗ · Article ↗ · 398 pts · March 12, 2026
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