Private Credit, Direct Lenders, CLOs, and BDCs — AIR Platforms
Institutions · Private Credit, Direct Lenders, CLOs, and BDCs
From origination diligence to ongoing surveillance on private books.
A continuously updated view on the issuers public markets cannot see.
A new credit operating layer
What private credit looks like when AI actually works.
Private credit teams have been operating without the data infrastructure that public market investors take for granted. Most vendors offer either thin spreadsheets or AI startups offer general purpose tools that do not understand credit. AIR is the first platform built from the ground up for the private credit workflow, with specialized ML on the underwriting and monitoring layer and AI on top to compress the work.
Credit machine learning at the core
Twenty years of credit events including private company defaults and recoveries. Trained on the kind of data the public markets do not have.
Specialized ML at the core. Gen AI on top.
ML produces the credit signal on every name in your pipeline and portfolio. Gen AI drafts the IC memo, parses the credit agreement, and answers your team's questions. ML and Gen AI together, not one or the other.
Institutional governance built in
Full model documentation. Backtest reports including the private universe. No customer data used for training. Built for the standards your LPs and rating agencies expect.
Workflows accelerated
What AIR does for private credit.
01
Deal screening and pipeline triage
AIR scores on every name in your sourcing pipeline within seconds. Focus your team on the deals worth diligencing.
02
Underwriting diligence
Forward looking financial projections, peer benchmarks, and signal driven risk views to inform every underwriting decision.
03
Private company credit scoring
AIR scores on 100,000+ private issuers, refreshed continuously. Coverage where the public markets cannot reach.
04
Covenant analysis and capacity modeling
Document intelligence on credit agreements, covenant capacity tracking, and forward looking compliance views.
05
Mark to model and NAV support
Defensible monthly marks on illiquid private debt, grounded in projected financials and peer comparables.
06
Portfolio monitoring and watchlists
A single forward looking view across every position. Ranked watchlists of names requiring attention.
07
LME and restructuring risk
Early identification of LME risk, capital structure analysis, and recovery scenarios under different restructuring outcomes.
08
Distressed and recovery analysis
Forward looking views on default probability, recovery estimates, and creditor group dynamics.
09
Refinancing and maturity wall risk
Forward looking views on refinancing risk across the portfolio, by issuer and by vintage.
10
LP reporting and transparency
Auto generated LP reports, with consistent methodology and full traceability on every signal.
The AI layer
An AI layer built for the private credit workflow.
A sample of the surfaces. The AI layer reaches further across every credit workflow.
Credit Agent
Natural language queries across the private universe.
Auto Memos
IC memos in your house template.
Scenario Analysis
Conversational stress and recovery analysis.
Document Intelligence
Credit agreements and indentures parsed.
Cited Explanations
Driver attribution on every score.
Embedded Surfaces
Lives inside your portfolio system.
From the credit lab.
Company · Product\nIntroducing AIR Platforms: the first AI-powered credit rating agent\nRead Product\nAIR: bringing the power of AI to credit\nRead Product · Research\nML-Powered Credit Ratings and Analysis — Wolfspeed: AIR's Credit Model in Action\nRead Blog\nAI data centers are testing energy credit\nRead
Talk to an AI credit specialist.
A working session, not a sales pitch. We will run AIR against a sample of your portfolio and walk you through what it sees.