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Simulation · All loan data on this site is test data · Information products, not securities

ms2now.com

MMS2Private capital markets

Reference implementation

Private credit knowledge, made observable.

A private equity BDC is the reference enterprise. The governed Asset Details work has qualified an observable population of private-credit asset records, preserving identity, reported valuation, and evidence context.

770

qualified asset observations

Private equity BDC · March 31, 2026. This is the qualified reference population, not an inventory of issued or published Knowledge Tokens. Publication status will be updated after artifact release and independent verification.

Schema demonstration

What a qualified record holds.

The twelve records below show the Asset Details shape: obligor, instrument, cost, fair value, evidence, and the places the source goes quiet. They are invented for this illustration. They are not private equity positions, and selecting one does not publish a token.

Test data · simulation only48 of 48 records. Fictional borrowers and figures for simulation only: not real loans, not private equity holdings and not published Knowledge Tokens.

Test data · simulation only · schema example

Harborline Components

KT-1042

Identity
Matched
Instrument
First-lien term loan
Spread
S+525
Maturity
Jun 30, 2029
Valuation date
Mar 31, 2026
Par
$42,500,000
Amortized cost
$41,800,000
Fair value
$40,950,000
Fair value / cost
0.980
Non-accrual
Not flagged

Evidence

Investment schedule in the reference filing

Supported

The stated fields are present in the source observation.

  • Private rating not observed
  • Covenant headroom not in the filing

Audited Notes

Structured knowledge of audited disclosures adds context around reported enterprise and investment information. Capability completed. Standalone publication versus coordinated packaging remains open.

Legal Entity

Legal identity, jurisdiction, and functional relationships support an evidence-grounded view of enterprise anatomy. Capability completed. Packaging is still a decision.

Evidence and governance.

  1. Identity and evidence

    Entities and assets stay linked to the source observations they came from.

  2. Qualification

    Supported knowledge is separated from uncertainty and from information that is simply missing.

  3. Controlled publication

    Artifacts are released through publication manifests, receipts, and independent verification.

  4. Consumer independence

    Published artifacts stay separate from the interfaces and applications that consume them.

Risk and compliance

Asset information, source evidence, and qualification boundaries inside oversight workflows.

Operations and market infrastructure

Asset observations and how they relate to enterprise structures and processes.

Investment and valuation

Asset-level information, including reported cost and fair value where the evidence supports it.

Potential uses, not determinations of suitability, value, or legal conclusions.