Underwrite the downside with confidence before you commit the capital.
What's broken today, and how Enquire solves it.
You're lending into the dark.
Borrowers are private, often unrated, with no analyst coverage and thin public disclosure. Speed, depth, or expertise, you can pick two, but on a private credit you're underwriting cash flows and a capital structure you can barely see from the outside.
Institutional-grade underwriting on any private borrower.
Enquire's Research Center stands up deep, sourced analysis on private, unrated companies with no coverage, triangulating filings, transcripts, conference remarks, suppliers, and customers into a coherent view even where a formal consensus doesn't exist. Paired with an Expert Network of AI-moderated interviews, it's the private-company depth already validated by an onboarded Top-5 global investment bank.
Your upside is capped; your downside isn't.
Credit is asymmetric. The best case is you get your coupon and your principal back, so the entire job is pricing what can go wrong: cash-flow durability, refinancing risk, and where you actually sit in the stack. Misjudge the downside and the return math breaks.
Underwrite the downside first.
A probability-weighted Risks & Uncertainties Map, Downside Case Pre-Mortem, Thesis Failure Map, and Gray Swan reconstruct plausible failure paths before you commit. Value Chain surfaces the dependencies that threaten cash flows, and Management Quality separates durable operators from fragile ones, so you know what has to hold for the credit to perform.
New borrower, new sponsor, new sector — how to gain same conviction.
The credit team reconstructs the business, the competitive position, and the risk picture from scratch under a deal timeline, then does it all again on the next facility, with nothing carrying forward.
Credit-committee-ready analysis in a fraction of the time.
An Executive Investment Brief plus the central debates orient the team fast: what the business is, what's actually contested, and what must stay true for the borrower to service the debt. Expand underwriting capacity without adding to the team, and get to a defensible view before the deadline.
Deterioration shows up late.
By the time a covenant trips or a rating moves, the story has usually already changed. Other parts of the capital structure, credit spreads, CDS, often move first, but reading those signals across an entire book by hand doesn't scale.
See stress before the covenant trips.
Cross-Market Signals reads the whole capital structure, credit spreads, CDS, options-implied values, for what other markets are saying about a name, catching the early warning that often shows up before the fundamentals do. Material-change tracking then flags exactly what shifted since your last review.
Monitoring a book of positions doesn't scale.
You hold to maturity. Every borrower needs ongoing surveillance for years, but the team is small, the book keeps growing, and human attention doesn't stretch to continuous coverage of every name until it pays off.
Continuous surveillance across the whole book.
Weekly-cadence monitoring re-runs the analysis and isolates what materially changed on every position, an independent credit team you can assign across the entire portfolio, holding coverage from origination through maturity, without adding headcount.
"Enquire reads across the full capital structure, credit spreads, CDS, and options-implied values, for what other markets are already signaling about a borrower. As the founders put it in demos, the CDS market is often the canary in the coal mine: when something is stressed, it can show up there before it surfaces anywhere else. That same private-company depth is validated by an onboarded Top-5 global investment bank, and private-equity and banking teams already run the platform for diligence today."
Capability demonstrated in live product demos
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