Infrastructure for loan origination AIFs

The AI Operating System
for Private Credit

AEGIS monitors AIFMD II compliance, screens credit risk, and generates fund reporting — so managers spend time on decisions, not on administration.

The Problem

A Trillion-Euro Market Still
Running on Spreadsheets

European private credit has grown into a multi-trillion-euro asset class. The infrastructure used to manage it has not kept pace.

How it is managed today

Excel models
PDFs & docs
Email threads
Manual reviews

“We spend 3 days each quarter assembling the board pack from 12 different Excel files. By the time it is ready, some of the data is already stale.”

Portfolio Manager, Luxembourg AIFM

AIFMD II created new operational complexity

  • AIFMD II loan-originating fund rules
  • Portfolio concentration limits
  • 5% risk retention requirements
  • Leverage monitoring at fund & borrower level
  • Ongoing valuation oversight
  • Cross-border regulatory reporting
  • LP transparency & investor demands
  • Open-ended fund liquidity requirements

AEGIS is the first platform built specifically for this problem.

Every rule, every limit, every reporting obligation from AIFMD II — continuously monitored, automatically flagged, instantly actionable. From day one of fund launch to final Annex IV filing.

The Platform

Five workflows. One system.

Portfolio monitoring, deal screening, regulatory compliance, fund reporting, and natural language queries — all connected, all running on the same live data.

AIFMD II Compliance Engine — Q2 2026

Annex IV Filing

Due 30 Jul

on track

Risk Retention

5.0%

compliant

Single Obligor

10.0% max

monitor

Borrower Count

23 / min 10

compliant
Art. 15 Loan Origination Checklist
5% retention on all originated loans
Open-ended fund: max 20% per obligor
Liquidity management policy documented
Leverage limit set by NCA communicated
Maturity mismatch tools activated

AEGIS Advisory

Maturity mismatch tools not yet activated. Under Art. 15(4), open-ended loan origination AIFs must implement liquidity management tools. Recommend activating redemption gates before next filing.

Continuous Art. 15 monitoring. Every regulatory obligation tracked, flagged, and filed.

Product Roadmap

Start Focused.
Become Infrastructure.

The wedge is Phase 1. The vision is an industry operating system. Each phase compounds on the last.

Phase 1
Now Building

AIFMD II Compliance Engine

The beachhead product

Fund managers upload loan agreements and portfolio data. AEGIS instantly identifies compliance breaches, generates remediation guidance, and produces a board-ready report.

  • AIFMD II rule engine: concentration, leverage, risk retention
  • Real-time compliance scorecard and exception alerts
  • Art. 15 loan origination checklist
  • Open-ended fund liquidity monitoring
  • Board-ready breach and remediation reports
Phase 2
Q3 2026

AI Credit Underwriter

Borrower risk scored in minutes

Upload any credit agreement or borrower financials. AEGIS extracts key metrics, identifies covenant risk, and produces a structured credit narrative ready for the IC.

  • Financial statement extraction from any format
  • Leverage, ICR, and DSCR calculation
  • Covenant identification and breach prediction
  • Default probability modelling
  • IC-ready credit summary
Phase 3
Q4 2026

Fund CFO Copilot & Investor Reporting

From weeks to minutes

Live portfolio data flows directly into report templates. Quarterly LP packs, IC memos, SFDR disclosures, and NAV workpapers generated automatically.

  • Automated quarterly LP reports
  • IFRS 9 and 13 fair-value support
  • NAV validation and drift alerts
  • SFDR and ESG disclosure generation
  • Auditor and depositary-ready workpapers
Phase 4
2027

Regulatory Digital Twin

Ask your fund anything

A live AI model of the entire fund. Any what-if question answered in seconds with quantified impact across AIFMD II limits, leverage, concentration, and yield.

  • Natural language portfolio queries
  • Pre-deal impact simulation across all regulatory limits
  • Stress testing and scenario analysis
  • "Will this deal breach AIFMD II?" — answered instantly
  • Full AI operating system for private credit

AEGIS

Join as a
Design Partner

We are onboarding a small group of private credit fund managers and AIFMs to build AEGIS alongside. You get early access, shape the product, and launch with us.

Priority access before public launch
Influence which AIFMD II rules ship first
Direct line to the founders
Founding pricing — fixed for life

Get in touch

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