Equityne keeps routine monitoring moving, so your team can focus on the exceptions and decisions that matter.
Searching borrower files, rebuilding calculations, reconciling revisions, assembling the memo. Equityne carries that recurring work forward in one shared portfolio record.
Start with what each borrower owes. Equityne monitors authorized sources and deadlines, keeping received, missing, and late reporting in view.
Configured checks run as accepted evidence arrives. Material discrepancies reach the right reviewer with their source, impact, and required decision.
Workpapers and portfolio memos follow the underlying evidence. Revisions update affected work; your team approves what moves into reporting.
Why Equityne
Equityne keeps the monitoring cycle moving: what is required, what has arrived, what can be relied on, and what needs human judgment. Your team works the exceptions.
01
Equityne works continuously across authorized sources and the reporting calendar. Routine monitoring advances in the background; unresolved matters reach the appropriate reviewer. Your analysts make credit decisions without having to coordinate every step.
02
Reporting obligations are established before documents arrive. Missing, late, or incomplete deliverables remain visible against what each borrower and facility owes. Silence cannot be mistaken for compliance.
03
Preserving a file does not make it authoritative. Evidence must meet the applicable borrower, facility, period, source, and version requirements before it can affect portfolio conclusions. Ambiguous evidence is held; revised sources trigger rechecks of dependent work.
04
Approved mappings, obligations, calculation treatments, and reviewer decisions shape the next monitoring cycle. Each period starts from controlled context, with renewed judgment where it is needed. The firm’s reasoning governs future work under explicit authority.
Expand borrower coverage and reporting frequency without increasing monitoring overhead proportionally. Routine work advances; your team’s attention goes to exceptions and credit judgment.
How it works
Deadlines, source changes, and human decisions keep the same borrower record current. Select a stage to see what Equityne does.
01 / Set requirements
Configure reporting requirements and review roles for each facility. Equityne carries forward the financial statements, compliance certificates, borrowing base certificates, debt schedules, and covenant tests required for each borrower and facility.
Northstar Holdings / Q2 2026
A borrower sends revised financials. Follow the change from its source to the decision your team needs to make.
01
$10m → $8m
EBITDA / Revised Q2 financials / Page 8
Revised Q2 financials, page 8, replace the earlier EBITDA figure. Both source versions remain in the borrower record, with the current value tied to its supporting page.
02
3.40x → 4.25x
Net leverage / 4.00x maximum
With net debt unchanged at $34m, the configured calculation is $34m ÷ $8m. The revised 4.25x result exceeds the 4.00x maximum in the credit agreement, Section 7.12.
03
Review required
Covenant workpaper + portfolio memo
The covenant workpaper and the memo section using the old result are marked stale. Equityne recalculates the affected work and brings the breach to the assigned reviewer.
04
Pending decision
Affected output blocked / Breach retained
The affected output stays blocked pending resolution or an authorized caveat. The recorded decision remains alongside the source and calculation; it does not erase the breach.
Firm outcomes
Follow the same credit from source review to portfolio reporting. Choose a role to see its view.
The changed value and its calculation are already connected.
Financial summary
Northstar Holdings · USD millions
| Page 8 | Previous | Current |
|---|---|---|
| Net debt | 34.0 | 34.0 |
| EBITDA | 10.0 | 8.0 |
Used in the net leverage calculation
Net debt ÷ EBITDA
Credit agreement · Section 7.12
The Truth File
A Truth File is the reviewable record for one borrower, facility, and reporting period. It connects what was required, the evidence received, checked values, exceptions, and human decisions. Portfolio reporting draws from that same record.
Northstar Holdings
Term Loan / Q2 2026
Reporting requirements
Financials, certificates, schedules
Borrower submissions
Current files and revision history
Credit review
Covenants, loan tape, exceptions
Portfolio reporting
Workpaper, portfolio data, memo
Working with Equityne
Agree the scope, sources, and review responsibilities before the first period.
Your borrowers and facilities, reporting obligations, supported source locations, calculation conventions, and review roles. Requirements carry forward and change with your portfolio and governing terms.
Credit judgment, ambiguous mappings, caveats, approvals, publication, and external communication. Routine checks can continue in the background; consequential decisions require human authority.
Start with a recent period for 3-5 borrowers. Agree supported documents and checks, then compare the source trail, exceptions, and workpapers with your current process. Review access and data-handling requirements in the demo.
A controlled first period
Send a recent reporting cycle for 3-5 borrowers. Equityne runs it alongside your current process so your team can compare the review record, exceptions, and reporting outputs before changing how you work.
01
Recent reporting cycle
02
3-5 borrowers
03
Side-by-side comparison