Private credit, modelled properly
From bilateral loans to private credit funds, track interest, fees, covenants and collateral in one place.
A covenant should never be in breach for 11 weeks before anyone notices
Borrower financials land, covenant inputs update, and anything close to a threshold goes on the watch list the same day. Accruals, PIK and fee schedules keep compounding correctly in the background, whoever built the original spreadsheet.
Facility summary
Senior secured term loan, Borrower A
$8.0m drawn · cash 8.5% + PIK 2.0% · matures Jun 2029
- Net leverage≤ 3.5x · now 2.9x
- Interest cover≥ 2.0x · now 1.9x
- LTV≤ 60% · now 48%
Illustrative figures.
Sound familiar?
What’s broken today
- PIK schedules in a spreadsheet, and the controller who built it left last year
- A covenant breaks for 11 weeks before the next manual quarterly review catches it
- Loan amendments live across three email threads, one DocuSign account and a shared drive
And this is for you if…
- Families deploying capital into direct loans
- Investors building private credit allocations
- Controllers monitoring covenants and maturities
Every facility, modelled at facility level
Economics
Accruals, PIK and fees
Track interest accruals, PIK toggles, OID and fees across every facility, automatically.
- Interest accruals and PIK tracking
- Upfront, exit and amendment fees
- Effective yield calculation per loan
Monitoring
Covenants and maturities
Monitor financial and information covenants alongside maturity and refinancing schedules.
- Covenant inputs and breach alerts
- Maturity ladder by borrower and facility
- Reminders for compliance certificates
Documents
Borrower and collateral vault
All facility documents, amendments and reports linked to the right loan and borrower.
- Facility agreements and amendments
- Borrower financials and KPI updates
- Collateral schedules and valuations
What good looks like with Asora
Yield and accruals you can trust
Covenant issues caught early
One vault for every loan document
“The security features and data protection measures Asora provides were a key factor in our decision. We've reduced files being sent via email by over 50%.”
Paul Bakker
Omnia Capital Partners
Frequently asked
Do you handle PIK and OID?
Yes. PIK accruals, OID amortisation and fee schedules are all modelled at the loan level.
Can you alert me on covenant breaches?
Yes. We monitor inputs against thresholds and surface breaches and watch-list items.
Where to go next
Related solutions
From the blog
- Private Asset ManagementFrom bilateral loans to private credit funds: what good management looks like.
- Private Asset Tracking Best PracticesAccruals, covenants and document vaults for illiquid credit.
- Alternative Investments Tracking for Family OfficesBooking private credit and loans alongside the rest of the book.
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