Frequently Asked Questions
Learn more about PRISM, private credit data, and how our platform helps professionals make better investment decisions.
What is PRISM?
PRISM is a private credit intelligence and portfolio analytics platform. It is the first true native platform built specifically for private credit professionals, delivering mission-critical intelligence for deal sourcing, diligence, portfolio monitoring, fundraising, and institutional client management. PRISM extracts and analyzes data from BDC filings and Schedule of Investments (SOI) disclosures to provide comprehensive coverage of the private credit market.
What data does PRISM cover?
PRISM covers over $2 trillion in tracked assets and more than 10 million data points. The platform's core dataset is derived from BDC (Business Development Company) filings, specifically Schedule of Investments data, which provides detailed position-level information on private credit holdings including fair market values, cost bases, interest rates, and maturity dates.
What is an MCP server for financial data?
An MCP (Model Context Protocol) server allows AI assistants like Claude and ChatGPT to directly query structured financial datasets in real time. PRISM's MCP server gives AI tools native access to private credit data, enabling analysts to ask natural-language questions about fund holdings, distress metrics, maturity walls, and market trends without writing SQL or navigating a dashboard.
How does PRISM track private credit distress?
PRISM uses FMV-to-cost ratio analysis to screen for distressed positions across BDC portfolios. When a position's fair market value (FMV) falls significantly below its original cost basis, it signals potential credit deterioration. PRISM aggregates this data across all tracked BDCs, enabling analysts to identify emerging distress trends, compare write-down severity across funds, and monitor recovery trajectories over time.
What is a BDC?
A Business Development Company (BDC) is a publicly traded fund that provides debt and equity financing to middle-market companies. BDCs are required to file detailed Schedule of Investments (SOI) disclosures with the SEC, which list every position in their portfolio including company name, investment type, fair market value, cost basis, interest rate, and maturity date. PRISM extracts and structures this data to provide comprehensive private credit market intelligence.
How do I analyze private credit maturity walls?
Maturity wall analysis examines the concentration of debt maturities across time periods to identify refinancing risk. PRISM aggregates maturity dates from BDC Schedule of Investments filings, allowing analysts to visualize when large volumes of private credit will come due. This helps identify periods of elevated refinancing risk, potential market stress, and opportunities for new lending.
What is FMV-to-cost ratio in credit analysis?
The FMV-to-cost ratio compares a position's current fair market value to its original cost basis. A ratio below 1.0 indicates the position has been marked down, suggesting potential credit deterioration. PRISM calculates FMV-to-cost ratios across all tracked BDC holdings, enabling systematic distress screening. Ratios significantly below 1.0 (e.g., below 0.80) typically indicate material credit stress, while ratios near or above 1.0 suggest stable or improving credit quality.
Who uses PRISM?
PRISM is used by private credit analysts and allocators, institutional investors, credit fund managers, advisory firms, and investor relations teams. Deal teams use PRISM for pipeline sourcing, diligence, and portfolio monitoring. Investor relations professionals use it for fundraising, client engagement, and peer benchmarking. The platform serves anyone who needs comprehensive intelligence on private credit markets.