Sthavor supports Business Development Companies (BDCs), Small Business Investment Companies (SBICs), lower-middle-market private credit funds and family offices with recurring portfolio monitoring and credit surveillance.
We work either as an outsourced extension of your existing process, providing financial spreading, covenant testing and credit commentary in your preferred format, or as a dedicated monitoring function using Sthavor’s own models, dashboard and watchlist memos, with every engagement structured around your portfolio, scope and reporting cadence under strict NDA and data-handling protocols.
Team
Founded and led by Chartered Accountants (ICAI)
Experience
Credit ratings, risk management and corporate lending backgrounds
Engagement
Scope and pricing agreed upfront; pilot available
Our services
The analysis at the core remains the same. How it integrates into your workflow is your choice.
In your system
Financial spreading, covenant testing and credit commentary delivered directly within your existing models, templates and reporting framework.
Built for credit teams with an established monitoring process that want to increase coverage, reduce recurring workload and retain their existing way of working.
With our system
Sthavor builds and operates the monitoring framework around your portfolio — combining financial spreading, covenant testing, early-warning surveillance, credit commentary and watchlist escalation through our own models, dashboard and reporting framework.
Designed for lenders that want a complete monitoring capability without building the infrastructure in-house.
Embedded monitoring support
The same figure arrives three different ways. Our analysts turn it into one clean line in your template, then test the covenants.
Embedded monitoring support
With a written credit commentary, in the format your team already uses. Your process, with more capacity.
Dedicated monitoring function
We run monitoring end to end on Sthavor’s own system, starting with the monitoring workbook.
Dedicated monitoring function
Every borrower in one view, with early-warning ratings and the trend behind each. Hover the charts to inspect any quarter.
Dedicated monitoring function
For borrowers that need attention: what moved, how the covenants stand and what to watch next quarter.
Operating model
We start by understanding your portfolio, current monitoring process, reporting requirements and internal workflow.
Together, we define the borrower coverage, analytical depth, reporting cadence and whether an Embedded or Dedicated model is the better fit.
We translate the agreed scope into a clearly defined engagement structure covering deliverables, responsibilities, turnaround expectations, reporting frequency and pricing.
We run a complete monitoring cycle on a selected group of borrowers at no cost and with no commitment to proceed.
This gives your team the opportunity to assess the quality of the analysis, usability of the outputs and fit with your workflow before making any decision.
After the pilot: Your go / no-go
Only once you are satisfied with the pilot do we move to rollout.
The agreed monitoring framework is then implemented across the portfolio, with reporting cycles, responsibilities, escalation protocols and delivery standards formalised for ongoing execution.
Leadership
Sthavor was founded by Chartered Accountants whose backgrounds span credit ratings and portfolio surveillance, risk management, corporate lending, credit appraisal, audit and financial due diligence.
Aruna’s background includes credit ratings and portfolio surveillance at CRISIL (a company of S&P Global), ICRA (An Affiliate of Moody’s) and Acuite Ratings & Research, alongside risk management at L&T Financial Services. Her experience includes covenant tracking, stressed-asset monitoring and expected credit loss modelling.
Yash’s corporate-credit experience at ICICI Bank includes credit appraisal, financial modelling and ongoing monitoring of large corporate exposures, following earlier work in statutory audit and financial due diligence.
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