MCP server for private credit

Your AI agent monitors your portfolio

Covagent ingests compliance certificates and serves structured covenant data as MCP tools. Your agent calls those tools from the AI client you already use, so you spend less time re-keying ratios into Excel.

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The quarterly cycle

70% of institutions still monitor covenants in spreadsheets

Every quarter, monitoring teams at mid-market direct lending funds repeat the same cycle for 50-150 borrowers. The workflow hasn't changed in a decade.

Document collection

Chase 50-150 borrowers for compliance certificates via email. Track who submitted, who's late.

Financial spreading

Open PDFs. Re-key line items into Excel. Every borrower uses a different format.

Covenant calculation

Calculate leverage, coverage, fixed charge ratios using each borrower's specific credit agreement definitions.

Threshold check

Compare every ratio against covenant limits. Flag breaches and near-breaches within 10% of a limit.

Portfolio rollup

Compile all borrower statuses into a green/yellow/red summary for the investment committee.

“Tracking borrower performance, covenant compliance, and portfolio trends is incredibly manual, often requiring dozens of analysts pulling data from PDFs, spreadsheets, and scattered reports.”

JumpCap, 2025

Before & after

One message replaces hours of work

What monitoring analysts do today in Excel versus what they say to their AI agent with Covagent connected.

Today

Open the tracking spreadsheet and scan for missing certs. Email borrowers who have not submitted.

With Covagent

"Which borrowers haven't submitted their Q1 compliance certificates?"

Today

Open the cert PDF. Re-key ratios into Excel, then check the threshold tab.

With Covagent

"Extract this cert and tell me if Acme Healthcare is in compliance"

Today

Scan the portfolio tracker for yellows and reds across all borrowers.

With Covagent

"Show me every borrower within 10% of a covenant breach"

Live demo

Your AI agent calls Covagent tools

The MCP server registers tools that any compatible AI client can invoke. You ask in natural language; the agent picks the right tool.

covagent-mcp

Agent

Covagentcheck_document_status

{
  "period": "Q1 2026",
  "submitted": 43,
  "overdue": 6,
  "overdue_borrowers": [
    "Meridian Logistics Corp",
    "Summit Environmental LLC",
    "Vantage Medical Group",
    "Keystone Manufacturing Inc",
    "Atlas Freight Holdings",
    "Pioneer Dental Partners"
  ],
  "due_date": "2026-04-15"
}

MCP tools

Eight tools your AI agent can call

Each tool maps to part of the quarterly monitoring cycle. Your agent picks one based on your question.

Portfolio monitoring (4 tools)

check_covenant_status

Covenant status for one borrower: each test with actual value, threshold, headroom, and compliant / warning / breach.

in{ "borrower": "Acme Healthcare" }out{ "covenants": 2, "status": "compliant", "headroom": "16%" }

list_portfolio_breaches

Breaches and near-breaches for the full portfolio, ordered by severity. Near-breach means within 10% of a limit.

out{ "breaches": 1, "warnings": 3, "compliant": 46 }

get_borrower_trend

Quarter-by-quarter covenant ratios for one borrower, with headroom over time and a deterioration flag when the pattern worsens.

in{ "borrower": "Meridian Logistics", "periods": 4 }out{ "pattern": "deteriorating", "consecutive_breaches": 2 }

get_portfolio_summary

Portfolio roll-up: borrower count, compliance rate, breach and warning counts, and sector mix.

out{ "borrowers": 49, "compliance_rate": "93.9%", "breaches": 1 }

Documents & extraction (2 tools)

extract_compliance_cert

Parse a compliance certificate PDF into structured fields: ratios, thresholds, pass/fail, and per-field confidence.

in{ "file": "acme_q1_cert.pdf" }out{ "leverage": 4.2, "threshold": 5.0, "confidence": 0.97 }

check_document_status

Submission status for the quarter: who filed, who is overdue, and what is due soon.

out{ "submitted": 43, "overdue": 6, "due_soon": 5 }

Market context (2 tools)

search_bdc_portfolios

Whether a borrower name appears in public BDC filings: holders, spread, fair value, and maturity where tagged.

in{ "borrower": "Acme Healthcare" }out{ "found_in": 2, "total_exposure": "$70.5M" }

get_market_benchmarks

BDC market aggregates: average spreads by industry, fair value trends, and sector exposure counts.

out{ "avg_spread": "SOFR+563bps", "sectors": 24 }

Early access

Connect your AI to your portfolio

We're onboarding a small number of mid-market direct lending funds this quarter.

Supplementary data

50 BDC portfolios, 62,000+ holdings

Public BDC data from SEC filings, structured and searchable. Free, no signup.

Open BDC tool