Themis is the integrated risk platform for UK private credit. Three capabilities work as one. Themis Search screens borrowers, sponsors, and counterparties against sanctions, PEPs, litigation, and adverse media, and monitors them continuously thereafter. AI Investigator produces sourced integrity profiles in minutes. Themis Investigations delivers human-led enhanced due diligence into credit committee. Every screen, report, and alert sits in a single auditable record. It is the evidence LPs, back-leverage banks, and the FCA increasingly want to see.
A mid-market credit fund reviews 200 to 500 deal teasers a year to close 20 to 50 transactions. The integrity check at teaser stage is typically a Google search. By the time a real problem surfaces, the fund has already spent meaningful legal and analyst time on a deal that should never have got past first review.
Themis closes that gap. Themis Search runs the borrower entity, parent companies, subsidiaries, key directors, and beneficial owners against sanctions, PEPs, litigation, and adverse media. AI Investigator builds on that foundation, generating a sourced integrity profile in minutes that drops directly into the Green Light memo. Bad deals are identified and declined early, freeing analyst capacity for the opportunities that genuinely warrant it.
The same speed advantage runs through to credit committee. Themis Investigations delivers Level 2 and Level 3 enhanced due diligence reports, structured for the IC pack, faster and at materially lower cost than the established investigative firms. The committee gets the evidence it needs without integrity becoming the workstream that holds up the calendar.
Private credit positions are illiquid and long-dated. Once exposure is in place, it cannot easily be unwound. Borrower circumstances continue to evolve through the life of the loan: litigation, sanctions developments, related-party events, leadership changes, adverse media, and quiet shifts in operating reality that a quarterly self-report will miss.
Themis Search monitors every borrower, parent, subsidiary and key principal continuously from the day funds disburse. Material changes surface in days rather than at the next reporting cycle. For a portfolio of 50 to 150 active positions across three to seven year holding periods, the surveillance is operationally unfeasible to do manually and economically straightforward at platform scale.
The benefit is not only earlier identification of deteriorating credits. It is also a documented, time-stamped monitoring record the fund can show to its LPs, its back-leverage providers, and its regulators. In secondaries, that record materially strengthens the price at which a loan trades. In stress, it is the difference between a credit committee that acted on evidence and one that has to reconstruct what it knew and when.
Themis Search screens the borrower, parent, subsidiaries, key directors, and beneficial owners against sanctions, PEPs, litigation, adverse media, and structural risk. AI Investigator turns that screening into a sourced, time-stamped integrity profile that drops into the Green Light memo within minutes of upload. Bad deals are killed early. Good deals reach term sheet faster.
Where automated screening flags areas of concern, Themis Investigations delivers Level 2 and Level 3 enhanced due diligence: UBO mapping, source-of-wealth analysis, jurisdiction-specific OSINT, and ground-truth intelligence in opaque markets. Reports are structured for credit-committee consumption: executive summary, risk-rating matrix, and a documented evidence trail behind every conclusion. Faster and at materially lower cost than the established investigative firms.
Every position is enrolled into continuous monitoring on the Themis Search platform from the day funds disburse. Borrowers, parents, subsidiaries, principals, and key counterparties are tracked against sanctions, litigation, adverse media, and material changes in operating profile. Alerts are time-stamped, audit-ready, and delivered in days rather than at the next quarterly reporting cycle. The result is one continuous record of integrity oversight across every loan in the portfolio, from origination to repayment.
Themis touches different parts of the credit fund for different reasons. The value shifts by role.
Faster decline decisions on the deals that should never have got past first review, freeing analyst capacity for the deals that genuinely warrant pursuit.
Higher-quality credit decisions and defensible IC governance, supported by a documented integrity record on every position.
A continuous, time-stamped audit trail across screening, EDD, and monitoring, built for the regulatory environment credit funds operate in today.
Continuous surveillance across 50 to 150 active positions, with material changes flagged in days rather than at the next reporting cycle.
One platform replacing a fragmented vendor stack, with predictable unit economics across origination, EDD, and monitoring.
The product is the same across strategies. The emphasis shifts with the structure of the loan and the risk profile of the borrower.
Borrower integrity, sponsor and management screening, and continuous monitoring across senior secured loans. The integrated workflow runs from teaser to repayment with one audit trail behind every position.
Concentrated risk per position amplifies the value of integrity DD. Level 3 EDD on principal directors and beneficial owners, plus continuous monitoring designed to catch borrower behaviour shifts before the senior lender sees a covenant breach.
High-velocity screening on counterparties involved in restructurings, secondary purchases, and loan-to-own positions. Sanctions, litigation, and adverse media tracked in real time as situations evolve.
Independent integrity DD across the borrower group, lender partners, and agents. Coordinated monitoring across the lending consortium, with a consistent audit trail across all participants.
Our enhanced due diligence reports cover multiple jurisdictions and combine platform-driven screening with human investigative depth. The output is a credit-committee-ready report: executive summary, sourced findings, risk-rating matrix, and a documented evidence trail. Each project includes a debrief with your team.
The pressure on credit funds to demonstrate adequate procedures is rising on three fronts at once. None of it is enforcement-led. All of it is the everyday environment in which the fund needs defensible evidence on file.
Limited partners increasingly ask borrower-level integrity, sanctions, and ongoing monitoring questions in their ODD process. Themis produces the documented record that answers those questions cleanly, supporting fundraising and re-up cycles.
Subscription line, NAV facility, and CLO leverage providers are tightening compliance evidence requirements down the chain. Documented monitoring across the portfolio is becoming the standard the bank wants to see.
Senior managers in credit funds, including the MLRO and Head of Credit, face personal liability under SM&CR for the adequacy of fund procedures. Themis gives the individuals responsible the evidence trail they need to demonstrate that procedures were followed at every stage.
Expert briefings on the political, economic, and integrity risks of specific jurisdictions that affect deals, counterparties, supply chains, and post-close exposure. Download today.
Whether you're assessing a prospective borrower, building a credit committee pack, or strengthening oversight across your loan book, Themis fits inside how your team already works.
Either, book a one-to-one with Jake Astor to discuss how Themis can support you with better, more defensible decision making, or complete the form below to discuss your fund's specific needs.
As your fund expands, so does the universe of relationships you need to assess. Whether you are an investment firm, lender, professional services partner, or a rapidly scaling business, due diligence is your first line of defence against fraud, reputational damage, and regulatory consequence.
Themis touches different parts of the credit fund for different reasons. The value shifts by role.
Faster decline decisions on the deals that should never have got past first review, freeing analyst capacity for the deals that genuinely warrant pursuit.
Higher-quality credit decisions and defensible IC governance, supported by a documented integrity record on every position.
A continuous, time-stamped audit trail across screening, EDD, and monitoring, built for the regulatory environment credit funds operate in today.
Continuous surveillance across 50 to 150 active positions, with material changes flagged in days rather than at the next reporting cycle.
One platform replacing a fragmented vendor stack, with predictable unit economics across origination, EDD, and monitoring.
