Diligence
you can verify.

Borrower materials become cited findings and IC-ready outputs in minutes — so your team underwrites, not re-reads.

Built for funds across

Credence turns deal materials into cited findings and draft IC memos, so PE & private credit teams underwrite — not re-read.

Submit materials once.
Get cited findings back.

Indexed materials, cited findings, and draft memos — so underwriting stays the job.

M
Meridian Health
£10M FacilitySenior SecuredLondonHealthcare Services
01 / 05
DD pack
24 files ready · All files indexed
Source verified
CIM_Meridian_Health.pdf
84 pp · Indexed
Financial_DD_FY24.xlsx
12 tabs · Parsed
Commercial_DD.pdf
214 pp · Indexed
Legal_DD_Summary.pdf
61 pp · Indexed

We handle the reading and citations — you stay on underwriting and IC.

Screening

Every teaser, screened against your mandate.

Drop in a teaser and Credence checks it against every criterion in your fund’s mandate, then returns a clear recommendation with the rationale — so the deals worth your time surface first.

+Strengths
4
  • Sector, ticket, and geography pass mandate screen.
  • Normalised EBITDA £7.1M · net leverage 2.2x.
  • Source-verified financials from DD pack.
  • Defensible regional healthcare footprint.
!Diligence points
3
  • Top-3 customer concentration 48% — renews Q2.
  • Sponsor-backed preferred: soft miss on mandate.
  • Growth claim variance vs DD (22% vs 12%).

Diligence synthesis

A 300-page DD pack, read for you — and cited.

Credence condenses the pack into key findings and red flags, with every point cited to its exact source page. Then generate a draft IC memo from verified findings.

Financial snapshot
Source verified · Meridian Health
LTM Revenue
£48.2M
Adj. EBITDA
£7.1M
Gross Margin
34%
Net Leverage
2.2x
DSCR
2.6x
Rev Growth
+12.4%
3 red flags · 11 findings verified · cited to source pages

Portfolio monitoring

Covenants tracked, however each borrower reports.

Upload portfolio-company financials and Credence normalises them automatically. See how each company tracks against its covenants over time — without rebuilding the numbers each quarter.

Covenant track — Q2 2026
3 borrowers · normalised from uploaded packs
Live
BorrowerDSCRLevHeadroomStatus
Meridian Health2.6x2.2x
On track
Northbridge Logistics1.9x3.1x
Watch
Helios Dental Group2.4x2.8x
On track
1 watch · Northbridge leverage approaching 3.50x covenant

Diligence that stays
defensible.

Page-level citations turn synthesis into something the IC can actually defend.

Cited

Every finding opens to its source page

IC-ready

Draft memos from verified findings only

Yours

Nothing you upload trains a shared model

See Credence
on a live deal pack.

A short walkthrough — your mandate, a real diligence pack, cited findings.

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