Frequently asked questions
What SpreadVista is, where the data comes from, what we cover, and how we differ from incumbent BDC analytics providers. Email support@spreadvista.com if something here isn't answered.
What is SpreadVista?
SpreadVista is a credit analytics platform for business development companies (BDCs) and interval funds. SpreadVista normalizes 22M+ structured datapoints from primary regulatory disclosures into a unified cross-vehicle dataset, resolved by issuer across 139 vehicles, with marks, NAV history, non-accruals, and concentration analytics queryable in one workspace. Built for credit analysts who need to validate marks and screen exposure across the whole asset class, not just one vehicle at a time.
Where does SpreadVista get its data?
The SpreadVista dataset is derived from primary regulatory disclosures. No proprietary feeds, no licensed third-party data. Every position is normalized through a multi-stage pipeline that resolves issuer identity across 139 vehicles, validates against the original disclosure, and pre-computes the cross-vehicle joins that make the analytics queryable in milliseconds. Every figure on every page traces back to its primary source so you can verify.
How often is SpreadVista data updated?
BDC filings ingest daily at 2 AM ET — new 10-Qs and 10-Ks appear within hours of being filed with the SEC. Interval-fund N-PORT filings update on the same daily cron. The agg layer (the pre-computed cross-vehicle joins powering the dashboard) refreshes after each successful ingest. If you see data more than 25 hours stale, that's a pipeline anomaly and we treat it as an incident — see our weekly freshness dashboard for the live status.
How accurate are the marks and NAVs SpreadVista reports?
SpreadVista reflects exactly what BDCs and funds reported. SpreadVista doesn't adjust marks, restate fair values, or apply any proprietary valuation models. If ARCC marked a position at 0.98 in their latest quarterly disclosure, that's what appears in the platform. The accuracy of those marks is a separate question. Each manager estimates them using their own methodology, which is why mark divergence across vehicles holding the same credit is one of SpreadVista's headline analytical features. SpreadVista surfaces what's disclosed; you draw the conclusions.
Is SpreadVista free?
Yes, during the beta. Signups are open — you create an account with email and password and you're in. There's no credit card on file and no auto-conversion to a paid plan. Eventually we'll introduce tiered pricing (free + pro + enterprise) but beta users get grandfathered pricing when that happens. The product exists because incumbent BDC analytics platforms charge $20,000–$200,000 per seat, which prices out 90% of the people who could use them. We're building for the long tail.
How is SpreadVista different from SOLVE, S&P Capital IQ, or Bloomberg BDC data?
Three things. First, price: SpreadVista costs a small fraction of incumbent platforms. Second, scope: SpreadVista covers 84 BDCs (exchange-traded plus public non-traded plus private non-traded that file with the SEC) plus interval funds plus CLO closed-end funds. Most incumbents focus on the larger public traded names. Third, the cross-vehicle exposure layer: SpreadVista canonicalizes issuer identities across BDCs and funds so you can see every vehicle holding the same credit at a glance. That cross-vehicle view is the headline differentiator, and the analytical layer most incumbents don't offer at any price.
What BDCs and funds does SpreadVista cover?
84 BDCs total: 49 exchange-listed plus 35 non-traded (public and private) that file with the SEC. On the fund side, 21 private-credit interval funds (Cliffwater, CION Ares, Blackstone, KKR, Apollo, Carlyle, etc.) and 11 CLO-focused funds (Eagle Point, Oxford Lane, Priority Income, etc.) get their own SEO/marketing pages; the cross-vehicle dataset covers 55+ credit funds total via N-PORT. See the full universe at /bdc and /fund. Every ticker has its own page with the latest period's metrics.
What time range does SpreadVista cover?
For BDCs: quarterly history from August 1, 2022 to present (the date SEC mandated per-position iXBRL semantic tagging under the CEF Tagging Rule). For interval funds and CLO closed-end funds: monthly N-PORT filings from 2018 to present. SpreadVista deliberately sets the BDC floor at the iXBRL mandate so every fair value, par, and spread shown is read from the filer's own iXBRL semantic tags and cross-validated against the filer's own portfolio subtotals, with a Data Quality tier on every position showing how cleanly that filing reconciled.
Do you cover loan-level CLO collateral data?
Not yet. CLO loan-level data is available from licensed providers (Intex, S&P Capital IQ) for $50K-200K per year. We're currently focused on BDC and interval-fund-level analytics where the underlying disclosures are accessible without that licensing cost. Loan-level CLO is on the roadmap once it can be added without the third-party licensing layer — meanwhile we cover CLO tranche-level exposure for the 11 CLO-focused funds in our universe.
Why does SpreadVista emphasize "showing the work" on every chart?
Because credit analysts using a third-party tool need to validate the numbers themselves before they put their name on a recommendation. Every chart, every metric, every flagged anomaly on SpreadVista links back to a primary source you can verify yourself. The methodology, including what SpreadVista counted, what SpreadVista excluded, and how each metric was computed, is visible inline. This is opposite to the incumbents' black-box approach and is intentional. Reproducibility is a trust signal.
Is SpreadVista investment advice?
No. SpreadVista is an analytics tool. We surface data from primary regulatory disclosures and compute analytical views on top of that data. Nothing on the site is a recommendation to buy, sell, or hold any security. Investors should consult licensed professionals before making investment decisions. See the disclaimer in the site footer for the full language.
How do I get help, report a bug, or request a feature?
Email support@spreadvista.com for any of the above — beta users get a fast response from a small team. Bug reports with a specific URL and a screenshot get prioritized. Feature requests inform the roadmap; we're especially interested in workflow gaps where the current product makes you do something manually that we could automate. The feedback widget inside the logged-in dashboard captures the same channel.
Question not answered?
We respond to every email from beta users — usually within a day. If you found a bug or want a feature, drop the URL and a sentence and it gets prioritized.
Email support@spreadvista.com