Building the Infrastructure to Power Modern Middle-Market Lending.

We started CovenantIQ with a broad belief: commercial lending runs on systems that were never designed for the scale, complexity, and transparency the market now demands.

Across private credit funds, banks, and other lenders, too much of the lending lifecycle still depends on emails, PDFs, spreadsheets, and static models. These tools may work when a portfolio is small, but they create real bottlenecks as lenders scale.

Borrower information is often fragmented across files and systems. Key assumptions live inside opaque and disconnected spreadsheets. Covenant calculations are difficult to trace. Reports are rebuilt manually each cycle. Version control becomes messy. Auditability suffers. And when lenders need to share information with credit committees, LPs, regulators, co-lenders, securitization partners, or other stakeholders, the underlying data is often not structured enough to move with confidence.

That broken information layer is becoming one of the biggest constraints on the next phase of commercial lending and private credit. The market cannot scale efficiently if the data behind each loan remains trapped in disconnected spreadsheets and manual workflows.

AI will help, but generic AI alone is not the answer.

Open-source models and AI tools can automate pieces of the process – summarize documents, extract data, and accelerate analysis. However, enterprise-grade lending workflows require more than automation. Modern private credit requires secure data exchange between lenders and borrowers, standardized financial data, traceable calculations, governed workflows, audit trails, and agents that can communicate with each other across systems while preserving trust, permissions, and accountability.

This is the foundation CovenantIQ is building.

CovenantIQ gives lenders and borrowers a secure, connected workflow to exchange data, standardize borrower financials, calculate covenants and KPIs, generate credit-ready insights, and create a source-backed system of record for ongoing lending decisions.

Our founding team combines experience across investment banking, complex transactions, enterprise software, and large-scale technology implementations. We have seen firsthand that lasting value does not come from layering new technology on top of broken workflows. It comes from rebuilding the operating layer so data can move securely, calculations can be trusted, and teams can make faster, data-driven decisions.

CovenantIQ exists to make commercial lending more connected, transparent, and intelligent across the life of every loan.