For private credit, direct lenders & credit fundsWho we serve
15Rock Research

Defensible credit reads before you commit capital — and a standing watch after.

Pre-deal borrower diligence, covenant and early-warning monitoring, and outside-in models across your loan book — every conclusion tied back to the filing, transcript, or document it came from.

The work

The work we do for your team.

W01

Borrower diligence read

A source-linked point of view on a borrower before you underwrite — operations, cash flow, and the real risks.

W02

Outside-in borrower model

An outside-in financial model of a borrower built from public and provided data, without internal company access.

W03

Covenant & early-warning monitoring

A standing watch on portfolio borrowers for deterioration signals before they hit a covenant.

W04

True-peer credit benchmark

Borrowers compared against an evidence-chosen peer set, not a generic index — defensible to your IC.

W05

Sector & origination scan

Screen a lending universe or sector into a ranked, evidenced origination shortlist.

W06

Recurring portfolio briefs

Standing coverage of your book and sectors, refreshed on a cadence, every claim sourced.

What you’ll get

Artifacts your team can defend.

Artifact

Credit read

A borrower diligence memo where every material claim ties back to a source.

Artifact

Early-warning report

Deterioration and covenant-risk signals across the book, with the evidence behind each flag.

Artifact

Borrower model

Outside-in financials and scenarios, built without internal borrower data.

Artifact

Source appendix

Every number and claim traced to the filing, transcript, or document it came from.

From the work

Borrower-level

Outside-in, source-linked value scans across a direct lender's loan book — built without internal borrower data.

Used by teams like

A Canadian direct lenderPrivate credit & direct-lending fundsCLO managers & credit desks

One source-to-decision workflow behind every artifact.

Ingest → source map → claim engine → validation → reviewer loop → cited artifact → audit trail. Every material claim is traceable.

Bring one workflow. Review one defensible output.

Start with a contained pilot on your own sources and methodology — and see whether the reasoning layer is strong enough for the work you have to defend.