What is Delta Reveal?

Delta Reveal is a transition intelligence platform built for hedge funds, private equity firms, private credit managers, and fundamental active managers. It tracks companies moving from healthy to distressed — and from distressed to recovering — by pulling commercial credit, workforce, and earnings call data into a single, queryable source. Coverage spans more than two million public and private companies.

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Who is Delta Reveal built for?

Institutional investment managers: credit and distressed debt hedge funds, long/short equity funds, private equity firms, private credit managers, and fundamental active managers, including high yield.

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Is Delta Reveal just another alternative data platform?

It's more accurate to say data is the starting point, not the product. Delta Reveal normalizes commercial credit, workforce, and earnings data into a single mapped structure across roughly 2 million companies, then layers an AI query engine on top with intelligence signals. That means you're asking direct questions about transition signals,  not stitching together raw feeds yourself.

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How is Delta Reveal different from other alternative data platforms?

Most alternative data is siloed, expensive, and requires a data science team to make usable. Delta Reveal does that integration work upfront across vendors most funds aren't already using, and gives you a natural-language interface on top. No data engineers required to get an answer.

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What alternative data actually predicts credit deterioration before it shows up in financials?

Three signals, watched together: commercial credit behavior (DBT changes, rising LOC utilization, slower payment on trade payables, UCC filings), workforce activity (job postings and deletions, hiring pattern shifts), and earnings call NLP sentiment. Individually, each one is noisy. Together, they've historically flagged distress 60–90 days before it surfaces in public filings.

 

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How do you tell a real distress signal from noise in alternative data?

Correlation. A single data point — one bad quarter of hiring, one slow-paying vendor — isn't a signal on its own. Delta Reveal is built around watching multiple independent signal types move in the same direction at the same time, which is what separates a real transition from statistical noise.

 

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Does Delta Reveal only flag distress, or does it also identify companies improving?

Both directions. The same signal stack that flags deterioration also flags recovery; companies moving from distressed back to healthy.

 

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Is there a data source that covers private company credit risk, not just public companies?

Yes, and this is one of Delta Reveal's core differentiators. Coverage includes roughly two million companies, not just the public ones most platforms are built around. That matters most for private equity and private credit, where there's no public filing to fall back on.

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What signals indicate a middle market company is heading toward default?

The same three-signal approach applies at the middle-market level: deteriorating credit behavior, workforce contraction, and (where applicable) earnings-call stress. Middle market companies are exactly where this kind of independent, non-management-reported data matters most, as there's often no analyst coverage and no public filings to lean on.

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How do I monitor a borrower or portfolio company between reporting periods?

This is one of the more common use cases for private credit and PE teams. Instead of waiting for the next quarterly update from the company itself, Delta Reveal surfaces commercial credit and workforce signals on a rolling basis — monthly for credit data, daily for workforce data — so you're not flying blind between check-ins.

 

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What data sources does Delta Reveal use?

Four institutional-grade partners: Experian and Equifax (coming soon) for commercial credit data, LinkUp for job postings and deletions, and Cmind for earnings call sentiment analysis.

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How far back does the data go?

At launch, seven-plus years of workforce and earnings call data. Commercial credit data currently covers seven quarters, with seven years of history expected shortly after.

 

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What does the pricing look like?

Delta Reveal is priced well within what institutional investors already budget for alternative data, and delivers a meaningfully better return than piecing together multiple vendors that each solve only one part of the problem. One platform, one price, more usable output per dollar spent.

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Do I need a data science team to use this?

No. That's the point. The AI query interface is built so analysts and portfolio managers can ask direct questions in plain language and get an answer in minutes, not after a six-week implementation cycle.