Coverage Universe

Sectors

Egan-Jones provides independent credit ratings across a broad range of asset classes and sectors, with deep analytical expertise in each.

Sector Coverage

Funds

Independent ratings for private credit funds across all markets, structures, strategies, and asset classes.

Egan-Jones rates private credit funds across the full spectrum of market segments, funding structures, investment strategies, and underlying asset classes. Whether a comingled fund, rated feeder, SMA, or CFO, our analytical framework is tailored to the specific characteristics of each vehicle and its underlying portfolio. We cover both private debt and syndicated debt markets, and our ratings are recognized by institutional investors, regulators, and counterparties globally.

Sub-Sectors We Rate
Single strategy funds
Mixed strategy funds
Opportunities funds
Real estate funds
Open-ended funds
Closed-ended funds
Key Rating Considerations
1
Fund structure and investor base (comingled, feeder, SMA, CFO)
2
Market segment: private debt vs. syndicated debt
3
Investment strategy: direct lending, distressed, mezzanine, venture debt, esoterics
4
Asset class concentration and diversification
5
Fund-level leverage, liquidity provisions, and redemption terms
6
Manager track record, underwriting discipline, and credit cycle experience
Fund Coverage Taxonomy
Market
  • Private debt
  • Syndicated debt
Funding Structure
  • Comingled fund
  • CFO
  • Rated feeder
  • Co-investment / joint venture
  • SMA
Strategy
  • Direct lending
  • Fund finance
  • Distressed debt
  • Mezzanine
  • Special situations
  • Esoterics
  • Venture debt
Asset Class
  • Asset-based financing
  • Corporates
  • Financial institutions
  • Insurance
  • Infra & project finance
  • IP & contract
  • Leases
  • Real estate
Request a Rating View Methodologies
Coverage Statistics
50/50
Top U.S. Life Insurers
Global
Coverage
3200+
Deals Rated in 2025
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