Products · NSight Credit
Close the quarter once.
NSight holds one set of borrower financials and derives everything the fund files from it - covenant tests, fair value marks, SBIC compliance, the LP brief, and the audit trail behind each figure. Nothing is retyped into a second workbook.
Scroll to follow the quarter →
Dashboard
The whole book, and which basket you are reading.
Thirty to fifty borrowers do not fit in a head or a workbook. Every figure here is computed at read time from filed inputs - the database stores what was filed, never what was calculated from it. Two fair value baskets exist, so each surface says which one it shows.
Fair value against $98.0M of commitments, split $82.4M credit and $7.5M equity on the tile itself. Fourteen covenant breaches and four names on watch, counted from tests that ran.
Dashboard · six borrowers, ten positions
SBIC compliance
The number you filed, not a second one that argues with it.
Capital impairment measures unrealised depreciation against amortised cost including PIK accretion and OID. NSight does not carry that accounting, so it does not compute the figure - it holds what the fund certified on Form 468 and trends it. An unfiled quarter stays blank, and never reads as zero.
Fund II headroom against the 2:1 test, at 102.0% of capacity. The quarter row walks it from 1.72× pass through two tight quarters to a 2.04× breach.
SBIC compliance · two licensed vehicles
Equity co-invest ledger
A write-off is a 0.00×, and never a 1.00×.
The equity side of the same borrowers the credit pages track. Most systems record a write-off as a realisation of its own cost, and quietly report a total loss as money returned. The blended figure is the ratio of the sums, never the average of the ratios - averaging would weight a small write-off like a large winner.
Kilnbrace, equity written to zero while the credit position continues. The loss already sits in the mark. There is no IRR anywhere in this book, and the screen says why.
Equity ledger · three co-invest positions
Portfolio stress test
Move a slider, and every covenant recomputes.
Revenue, margin, rate and debt shocks run across the whole book against the thresholds that actually apply, with base and stressed side by side on every covenant. These are shocks applied to filed actuals, not a projection - NSight holds the last actual flat and says so.
Newly breached under this scenario, against four breaches in total. A raw breach count tells a committee nothing; the number that matters is what the scenario broke.
Stress test · every covenant, one scenario
Also in the licence
Three more screens.
How you buy it
Licensed, not engaged.
The demo is the same build.
Six borrowers, ten positions, four quarters. One of them is deteriorating in a way you will recognise. No form, no call in the way, nothing to install.
FAQ
NSight Credit, answered.
See risk earlier.
Tested against the threshold in force at the time.