Before you start
Use a private credit asset when you own a note, loan receivable, bridge loan, private debt investment or similar position where someone owes money to you. Do not enter it in Debts unless it is money you owe. The important question is who has the repayment obligation: if you expect to receive repayment, it belongs in Assets.
Detailed steps
Open Assets > Investments and check existing private credit records
Start in Assets > Investments. Look for the borrower, note name, vehicle name or platform before adding anything. If the credit position already exists, open it and update value, notes or documents instead of creating a duplicate row.
Open Add Capital Item, choose Private Markets and select Private Credit Asset
Use the Private Credit Asset card for a note, loan receivable or private debt position you own. This is different from a mortgage, credit card or personal loan in Debts. Debts reduce your net worth because you owe them; private credit assets increase your asset side because repayment is owed to you.
Review the Private Credit Asset form before entering values
The form asks for name, institution or source, current value, currency, amount invested, commitment and called capital. These fields should not all be treated as the same number. Current value is what you currently count. Amount invested is what you put in. Commitment and called capital help explain the funded amount when the credit investment uses private-market capital-call language.
Enter borrower, source, value, currency and funded amount
Use a name you will recognize later, such as the borrower, note, SPV or platform name. In Institution / source, write where the number came from, for example a loan agreement, July interest statement or manager report. Enter current value in the source currency. If payment performance is uncertain, use the value you can defend, not the original principal by default.
Save and verify the Private Credit row
After saving, confirm the record appears under Private Credit. Check invested amount, commitment, called capital, unfunded amount, owned value and liquidity. If the row looks like a private fund instead of a credit asset, reopen it and make sure you chose Private Credit Asset rather than Add Private Investment.
Open More details and check the Private Credit tab
Open More details for the saved record. Confirm current value, commitment, called capital and unfunded amount. If commitment and called capital are not meaningful for this note, keep your source explanation clear so the row is still understandable later.
Open Value and review valuation method, date and liquidity
Use the Value tab to check owned value, amount invested, liquidity, valuation date and valuation method. For private credit, liquidity is usually limited unless you have a real secondary sale, redemption or repayment path. A performing note, late note and impaired note should not all be valued as if they are equally collectible.
Use Notes only for non-sensitive credit context
Use ordinary Notes for short context such as payment cadence, next review date, collateral summary or why the value was discounted. Keep full loan agreements, sensitive borrower information, legal terms and access instructions in protected document storage or the appropriate private area instead of normal notes.
Field guide
The borrower, note, vehicle, platform or recognizable credit position name.
Use a label you can match to the source document later.Where the private credit information came from.
Use the lender platform, manager, borrower update, agreement or statement source.The amount counted in Assets and Net Worth today.
Use recoverable value, latest statement value or a clearly conservative estimate when collectability is uncertain.The currency of the credit asset value.
Keep the source currency unless the source already reports a converted value.The amount you originally funded or paid for the credit position.
Do not overwrite it with current value when the position has gained, accrued interest or become impaired.Total capital agreed if the credit investment uses commitment language.
Use it only when the source supports it.Capital already called or funded.
For a simple note, this may match the amount funded; for a structured vehicle, compare it with capital-call evidence.Remaining commitment not yet called, calculated when commitment and called capital are present.
Treat it as a possible future funding need, not as current asset value.The basis for the current value.
Use labels such as borrower statement, manager statement, agreement value, discounted estimate or impairment review.How realistically the position can become cash.
Keep it locked or limited unless repayment, sale or redemption is actually available.Plain-language context for future review.
Do not paste full legal agreements, credentials or sensitive borrower data into ordinary notes.Decision rules
What it adds
- Keeps income-producing credit exposure separate from personal debts.
- Makes the receivable visible in net worth, allocation and review workflows.
- Separates the amount you invested from the value you currently expect to recover.
What it does not do
- Capitelist does not verify collectability or legal enforceability.
- Expected yield is not guaranteed return.
- A private credit value can be uncertain when payment performance, collateral or legal rights are unclear.
Common mistakes
What to check
- Do not confuse a loan you made with a loan you owe.
- Use conservative values when payment performance is uncertain.
- Do not store login details, sensitive borrower data or full legal agreements in ordinary notes.
Adding money owed to you in Debts instead of Assets.
Using original principal as current value even though payment performance has weakened.
Counting accrued interest that has not been paid or reported by a reliable source.
Entering commitment, called capital and current value as identical values without checking what each one means.
Leaving the source vague, such as writing only private credit without a document or statement context.
Marking liquidity as daily or monthly when there is no realistic sale or repayment path.
Putting borrower-sensitive information or legal terms into ordinary notes.
Creating a duplicate credit row instead of updating the existing position.
After you save
- Open the saved row and check the Private Credit tab.
- Open Value and confirm current value, valuation method, valuation date, amount invested and liquidity.
- Open Capital Review when the credit position is material, stale, illiquid or concentrated.
- Keep the latest agreement, note, borrower update, payment record or manager statement available for future review.
- Review the value after payments, missed payments, restructurings, maturity extensions, impairment events or new statements.
- Use a conservative value when collectability is uncertain and explain the reason in plain language.