Credit & Fixed Income

The private loan book, from the filing.

Who lent to whom, at what spread, and how every lender marks it — plus bond holders, maturity walls and dated distress signals, each resolved to the borrower and cited to the filing.

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~95%borrowers with no news footprint
2+lenders marking the same loan
1994–SEC filing history
everyrow carries its accession
0marks restated after the fact
1ID per borrower

The problem

Private credit has no tape — the filings are the tape

Most direct-lending borrowers are private middle-market companies with no press, no rating and no quote. The loan terms and the marks are public — in BDC schedules of investments, fund holdings and 8-Ks — but nobody reads them together. The record is filed. It is just scattered.

What you get instead

The loanlender, seniority, spread, PIK, maturity
Every lender's markfair value to cost, quarter by quarter
The maturity wallwho holds the bonds, and when they come due
Distressbankruptcy, non-accrual, heavy insider selling

What solves it

The loan book, from the filings

Console (beta)

Each lender's value for the same loan, when the debt comes due and who holds the bonds, side by side.

How Console works →

APIs & Feeds

Loan-level marks and bond holdings delivered to your models, with the filing behind every row.

How APIs & Feeds works →

Why teams switch

One lender had already marked it down. The other two hadn't filed yet. That gap is the whole trade.

every lender's markdated when publiccited to the filing

From the research desk

The diligence gap: four questions a strong LLM still gets wrong

Put private credit on the record

Talk to our team about how you work today, or start a trial and explore the platform yourself.

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One borrower, end to end

from a loan in a schedule to a mark someone hasn't taken yet

01 · The loan

Northwind Holdings · first lien · SOFR + 575

private, middle-market, no news footprint

from a BDC schedule of investments
02 · The marks

BDC A 97.1 · BDC B 92.4 · BDC C 88.0 — same loan, same quarter

three lenders, three views
03 · The filing

10-Q · Schedule of Investments

Filed with the SEC — accession on every row ↗

every mark one click from its source
04 · The signal

BDC C marked down first · A and B report next

BDC C files BDC B files BDC A files

see who hasn't marked it yet

What's in the solution

Four jobs this covers end to end.

01 · Deal flow

The private loan book

Direct-lending facilities and credit fund raises traced to a primary filing — lender, borrower, seniority, spread, PIK and maturity.

Private Credit

02 · Marks

Every lender's view of the same loan

Quarter-by-quarter fair value to cost, non-accrual flags and position weight — with loans held by several BDCs lined up side by side.

BDC Marks

03 · Maturities

Who holds it, and when it's due

Bond holders from fund disclosures, consensus pricing with a dispersion score, and each issuer's maturity wall.

Corporate Debt

04 · Distress

Early warning, dated

Bankruptcy filings, non-accruals, down rounds and heavy insider selling on one borrower ID — plus bank fragility for counterparty risk.

Distress Signals

How it lands on your desk

Same loans — a different question depending on the seat.

Private credit managers

The scenario

You are pricing a new facility and want to know how other lenders are marking this borrower — and its peers — today.

Private CreditDistress SignalsReports

How Kaleidoscope helps

Every disclosed facility on the borrower and its sector
Spread and PIK terms on comparable loans
How each lender marks it, quarter by quarter
Non-accruals across the peer set
The filing behind every figure

The products

One reads the loans; one reads the bonds; one watches for trouble.

Private Credit

The loan layer

Direct-lending facilities and credit fund raises, with every lender's quarterly mark on the same loan — sourced from BDC filings and Form D.

Lender, seniority, spread, PIK and maturity per facility
Fair value to cost and non-accrual, quarter by quarter
Loans held by two or more lenders, lined up
Accession number on every row

Explore Private Credit → ~95%private middle-market borrowers

Northwind Holdings · first lien · SOFR + 575

lender	mark	reported	source
BDC C	88.0	2026-07-30	10-Q
BDC A	97.1	2026-08-07	10-Q
BDC B	92.4	2026-08-11	10-Q

Illustrative — one loan, three lenders' marks, lined up by filing date

Corporate Debt

The bond layer

Issuer-level bond exposure from registered fund holdings: who holds each bond, at what price, and what the maturity wall looks like.

Holders and positions per bond
Consensus price and dispersion across funds
Maturity walls and next maturity per issuer
New direct obligations disclosed on 8-K

Explore Corporate Debt → monthlyfund-holdings panel

Ares Capital’s fund-held debt — maturity wall, top bondholders and consensus prices from N-PORT

Distress Signals

The part that watches

Bankruptcy filings and dated distress signals on one company ID, plus call-report financials and a fragility score for US banks.

Bankruptcy filings and news-reported cases
Non-accruals, down rounds, heavy insider selling
Litigation and regulatory actions on the same borrower
Bank fragility for counterparty exposure

Explore Distress Signals → datedevery signal

Northwind Holdings · distress signals

BDC markdown non-accrual insider selling watch

Non-accrual · BDC C 10-Q · filed 30 Jul

Heavy insider selling · Form 4s · Aug

Illustrative — distress signals on one borrower ID, each dated when it became public

Every product in this solution

Start with the loan book and the marks; add bonds and distress as coverage grows.

Full data catalog →

Core

Private Credit Loans, lenders and marks Loan book
Corporate Debt Holders, pricing and maturity walls Bonds
Distress Signals Bankruptcy and dated early warnings Watch
SEC Pro+ The filings behind every row Research UI

Data layers that feed it

BDC Marks Quarterly fair value, cross-held loans Live
Private Credit Deal Flow Direct-lending facilities and fund raises Live
US Banks Call reports and fragility Live
Capital Structure Dilution, toxic financings, delistings Live
Red Flags Restatements, going concern, auditor changes Live
Litigation Cases where the borrower is a party Live
Material Agreements Credit agreements, cited to the clause Live
Fundamentals Point-in-time financials Live

Workflow & delivery

Reports Borrower files with citations attached HTML · MD · JSON
APIs Loans and marks into your models REST · Bulk
MCP Ask across the book, get cited answers MCP · Chat
Alerts New schedules, markdowns, filings Triggers

How it compares
How it compares	Kaleidoscope	Loan-data vendors	Manual review
Coverage	Private middle-market, from the filings	Syndicated and rated names	One BDC at a time
Marks	Every lender's mark on the same loan	Single price or none	Whatever you collated
Citation	Accession on every row	Rarely	Yes — if you kept notes
Timing	Dated when it became public	Vendor refresh cycle	Whenever you read it
Distress	Dated signals on one borrower ID	Scores	Assembled by hand

The private loan book, from the filing.

Private credit has no tape — the filings are the tape

The loan book, from the filings

Console (beta)

APIs & Feeds

Put private credit on the record

One borrower, end to end

Four jobs this covers end to end.

The private loan book

Every lender's view of the same loan

Who holds it, and when it's due

Early warning, dated

Same loans — a different question depending on the seat.

Private credit managers

Credit analysts

Distressed & special situations

Bank & counterparty risk

One reads the loans; one reads the bonds; one watches for trouble.

Private Credit

Corporate Debt

Distress Signals

Start with the loan book and the marks; add bonds and distress as coverage grows.