A MELD Valuation platform
getaestima.comFair value infrastructure
for private credit.
Aestima is the platform behind MELD’s private credit work. Every mark is produced by a verified computational engine, every input carries its source on its face, and every analyst judgment is recorded alongside the alternative it rejected — priced.
What it does
Built so the auditor’s questions are answered by construction.
Instrument coverage
Floating-rate term loans with benchmark floors, PIK and cash/PIK structures, callable notes, unitranche first-out/last-out splits, revolvers, equity kickers, OID accretion, and non-accrual migrations — each on its own mechanics.
Sequential attribution
Each quarter's mark rolls forward through benchmark rate, market spread, then credit-specific movement — each step a full repricing, reconciled to the total and rendered as an exhibit.
Differential verification
A fixed answer set of 325 expected values, computed by multiple independent implementations before the engine existed. The engine is accepted only when it reproduces all 325 exactly.
Provenance on every input
Inputs are classified as documented, assumed, or elected — and where a judgment was made, the report carries the value under the treatment rejected, so a reviewer sees its size.
The full story
Aestima has its own site.
The instrument-by-instrument coverage, the sequential attribution exhibit, the verification method, and the intro-call booking all live at getaestima.com.