Basis Partners · Private Credit · 2026
Basis Partners provides managed borrower-level oversight for private credit funds, lenders, and DFIs — screening the book for deterioration, tracking covenants and repayment, maintaining impairment evidence, and preparing analyst-reviewed packs for your credit committee and investors.
Most credit losses begin with signals that were present but untracked. Covenant pressure, late reporting, slipping repayment patterns, and collateral gaps accumulate over months. Without a structured monitoring layer, credit teams typically see the problem after it has compounded — not while it is forming.
Credit teams carry the analytical skill to assess these signals. What they often lack is the bandwidth to apply that discipline consistently across the full book, for every borrower, every month.
Covenant pressure, missed reporting, slipping repayment, and collateral gaps accumulate over months. Without a structured monitoring layer, problems are typically seen after they have compounded — not while they are forming.
Teams focus on known issues. Quieter deterioration across the rest of the book accumulates until it is urgent enough to surface — by which point options are narrower and the intervention costs more.
When impairment conversations start — at credit committee, with auditors, or with LPs — the supporting evidence needs to already exist. Assembling it under pressure is slow, incomplete, and carries audit risk.
Missing management accounts, overdue valuations, and unsigned documentation accumulate without a managed register or follow-up process — quietly eroding the legal and evidentiary position of the fund.
Structured monthly review of each borrower across repayment, covenants, financials, collateral, and reporting obligations — with an analyst-reviewed control view delivered each cycle.
Systematic covenant tracking with breach and near-miss flags, and a disciplined watchlist framework with defined entry and exit criteria — maintained on a consistent review cycle, not ad hoc.
Impairment evidence built continuously — not assembled at quarter-end. Plus analyst-reviewed packs for credit committee, investor reporting, and audit discussions, delivered on a reliable cycle.
Our team has worked across IFC, J.P. Morgan, United Nations programmes, National Treasury South Africa, and investment funds across the continent.
We apply the right monitoring framework to each facility type in the book. A revolving credit facility and a mezzanine position carry different control requirements, covenant mechanics, and deterioration signals — our coverage reflects that distinction.
Each facility type carries its own covenant structure, repayment mechanics, and collateral requirements. We apply structure-specific monitoring frameworks rather than a single generic template across the book.
Structured view of each borrower's position across repayment, covenants, documents, and open issues — updated each review cycle.
Managed view of borrowers requiring closer review — entry rationale, movement since the last cycle, owners, and recommended next steps.
A maintained register for breaches, waivers, missing evidence, upcoming review dates, and borrower follow-up items — per facility, per cycle.
Full record of actions taken, outstanding items, owners, deadlines, and resolution status across all active borrowers in the book.
Analyst-reviewed packs showing what changed, why it matters, what source evidence supports the flag, and what action should follow — built continuously, not at quarter-end.
Packs ready for credit committee, portfolio reviews, investor reporting, and audit discussions — consistent format and quality each cycle.
| Area | Traditional / in-house | Basis Partners |
|---|---|---|
| Covenant tracking | —Manual spreadsheet, updated periodically. Gaps emerge when the team is stretched or staff turn over. | ✓Structured tracking with breach alerts, waiver log, and review dates maintained per borrower each cycle. |
| Watchlist discipline | —Subjective and inconsistent. Borrowers enter but rarely exit with clear rationale or documented action. | ✓Analyst-reviewed with defined entry and exit criteria, movement tracking, and open action owners per borrower. |
| Repayment monitoring | —Reactive. Flags surface after missed payments or when arrears reports are reviewed — often weeks later. | ✓Proactive monitoring with trend analysis, pattern flags, and early warning signals before arrears crystallise. |
| Impairment evidence | —Assembled under pressure once the impairment question is already on the table. Incomplete by design. | ✓Prepared continuously. Evidence packs exist before the conversation starts — not assembled after it begins. |
| Coverage consistency | —Varies with team capacity, staff changes, competing priorities, and reporting cycles. Quiet credits drift. | ✓Consistent monthly coverage across the full selected cohort, regardless of internal pressures or absences. |
Our team has operated across some of the most rigorous credit monitoring environments in Africa and internationally — bringing that discipline to credit funds and lenders at every stage of portfolio maturity.
We know what good borrower oversight looks like because we built and maintained it inside institutions where LP scrutiny, audit standards, and credit committee expectations were live constraints — not abstract principles.
We bring institutional-grade credit monitoring discipline to funds that need the control quality of a dedicated portfolio management function — without the fixed cost of building one internally. You get consistent borrower coverage, analyst-reviewed outputs, and defensible impairment evidence, regardless of internal team capacity.
We begin with a controlled diagnostic across a selected cohort of borrowers — so you see real analyst work on your actual book before deciding whether to expand the mandate.
Select five to fifteen borrowers that best represent the monitoring challenge — a mix of performing credits, near-miss situations, and known watchlist names is a useful starting point. We work from your existing files. No new data requirements.
Full analyst-reviewed output across the selected borrowers — covenants, repayment, watchlist, document exceptions, collateral gaps, and impairment support. Delivered within an agreed timeframe.
Review the output with your team. If it adds value, we expand the mandate across the full book on a monthly cycle — aligned to your reporting calendar. If not, you keep everything produced. No obligation either way.