Sigma Computing Consulting for Private Credit Funds and Direct Lenders
Stop rebuilding the loan book and covenant tracker from borrower files every quarter. We build Sigma workbooks on Snowflake that keep every loan, test and borrower KPI in one place.
The short answer
Where the Hours Go Today
- Borrower compliance certificates arrive as PDFs and spreadsheets and are retyped into a tracker.
- Covenant headroom is worked out by hand for each loan every quarter.
- The watchlist lives in an email thread or a separate file from the loan book.
- LP reports pull loan, cash and valuation figures from three different sources.
Sigma Workbooks We Build
- Loan Book
- Every facility with commitments, drawn balances, rates, fees and maturities, read from dated tables so any past quarter can be reopened.
- Covenant Tracking
- Each covenant test with the borrower figures behind it, the threshold and the headroom, with breaches and near misses flagged.
- Borrower KPIs and Watchlist
- Borrower revenue, EBITDA, leverage and liquidity over time, with a watchlist and notes the deal team keeps in input tables.
- LP and Investor Reporting
- Quarterly fund packs built from the same tables as the loan book, sent on a schedule to each investor.
Why Sigma Fits
- Borrower numbers entered once
- Input tables let the team or the borrower enter quarterly figures straight into the warehouse, so covenant tests read them without a copy step.
- Credit analysts keep a spreadsheet feel
- Sigma is a spreadsheet grid with over 200 functions on live warehouse data, so analysts can check each test without learning SQL.
- Investors see only their funds
- Row-level security and scheduled exports send each investor a pack filtered to the funds they hold.
Data We Connect
- Loan administration or servicing system
- Borrower compliance certificates and financials
- Fund administrator files
- Fund accounting system
- Valuation files
- CRM or deal pipeline system
- Snowflake
Common questions
Is Sigma good for private credit reporting?
Sigma fits private credit teams whose analysts work in spreadsheets and whose loan and borrower data are in, or moving to, a cloud warehouse such as Snowflake.
Can Sigma track covenant compliance?
Yes. We store each covenant definition and threshold in Snowflake next to the borrower figures, so Sigma shows the test result and headroom for every loan and quarter.
Can borrowers submit financials in Sigma?
Yes. Input tables can collect quarterly figures from borrowers or the deal team, with each borrower limited to its own rows and an approval step before the numbers count.
Can Sigma replace our Excel loan tracker?
For the recurring loan book, covenant and LP reports, yes. We rebuild the logic in Snowflake and Sigma and check it against the existing tracker before switching.
How long does a Sigma build take?
It depends on how many facilities you track, where the borrower data comes from and how much history you need. We scope it on a short call, starting with one report.
Bring the report that eats your week
We'll look at it with you and say what Sigma would save. No pitch deck.