Financial Services
We put credit operations on governed systems.
GrayBeck builds and operates platforms for institutional credit: an engine that allocates fund commitments under credit-agreement constraints, document intelligence that reads the agreements themselves, and the ops, reconciliation, and closing systems behind a $20B+ portfolio — still running, still operated by us.
Max Total Leverage
5.50x
§7.1 · P.38
VerifiedMin Interest Coverage
2.25x
§7.2 · P.41
VerifiedConcentration Limit
12.5%
§5.4 · P.22
VerifiedAdvance Rate
85.0%
§3.2 · P.9
Amended · A-3Eligible Collateral
Schedule I
§1.1 · P.4
Verified5 terms · page-anchored
Diff: A-3 vs original
01The Suite
One suite that reads the agreement and solves the allocation.
GrayBeck Avail is in production. Its two halves share one premise: the credit agreement is the source of truth, so the system should read it — and every allocation should be checked against it by a machine, not a memory.
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The allocation engine
New commitments get allocated across funds, and every fund’s credit agreement constrains what it can hold. The engine states those constraints as a mathematical program and hands them to an optimization solver — mixed-integer programming, not a scoring heuristic — so the allocation that comes back fits every constraint at once.
Alongside it, an assistant that has read the agreements answers questions about them, with citations to the page. The platform is multi-tenant with role-based access: portfolio managers, credit and risk officers, and read-only auditor roles each see what their role permits.
Document intelligence
The other half reads the paper. It ingests credit agreements and borrowing-base packages — PDF, scanned or native, OCR included — and extracts terms anchored to the page they appear on. It builds a dictionary of each agreement’s defined terms, diffs amendments against the original as redlines, and evaluates availability and concentration limits from what it read.
Access controls and audit logging are designed against SOC 2-style controls — built for operations that get audited.
02CovLight
Covenant monitoring, labeled honestly.
CovLight monitors loan covenants and tracks borrower reporting for lenders. It is in development — not in production — and we will say “in production” only when it is. If covenant tracking is the problem on your desk, ask us to show you the working code.
03Operated in Production
Live behind a $20B+ credit portfolio.
The clearest proof is the system that has run longest. At a global institutional lender, a GrayBeck engineer embedded inside the operation and built the ops, reconciliation, and closing systems behind a $20B+ credit portfolio — integrated directly with the lender’s loan-servicing API, so portfolio data arrives structured instead of retyped.
We did not hand it off. GrayBeck still operates the platform: every release moves through a signed, multi-stage deploy pipeline, and the engineers who built it are the ones watching it in production. The numbers below are that engagement’s numbers — measured, not projected.
Portfolio assets supported
Reporting cycle, before and after
Audit-ready history
04Who It Is For
Built for the people who run credit.
The suite is built for institutional credit — and for a particular shape of problem: many funds, many documents, and limits that live in paragraphs instead of systems.
- Direct lendersAllocating new commitments across funds when every fund's credit agreement constrains the split.
- Private-credit fundsAgreement sprawl: documents amended over years, each with its own defined terms, none of them in a system.
- CLO managersConcentration limits and eligibility criteria that have to be checked against the documents, not against memory.
- Fund operations teamsBorrowing-base review under audit pressure — every figure expected to trace to a page.
See it against your documents.
Thirty minutes with an engineer, not a salesperson. Bring a credit agreement.
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