Twenty deals a year.One document layer.
The data room built for direct lending velocity: the LP fundraise, a cloned room for every new credit facility, and borrower reporting that arrives without the email chase.Unlimited rooms. No-login borrower uploads. Set up in under 5 minutes.
24/7 dedicated support for enterprise deals
Credit funds are document factories
A private equity firm opens a few rooms a year. A direct lender opens one every few weeks — while LP DDQs get deeper and borrower financials pile up in Outlook. The private credit teams on Peony already run this way: from Australian middle-market direct lenders to South African private credit managers to pre-launch ventures preparing a first raise.
Per-deal pricing at credit velocity
Legacy VDRs quote room by room. Close 15–25 facilities a year and the data room line item multiplies with every new deal you underwrite.
Borrower reporting dies in email
Monthly financials, covenant certificates, and borrowing-base certificates from 35 borrowers arrive as attachments — chased by hand, filed nowhere, invisible to auditors.
LP diligence runs on the DDQ
Institutional LPs work through the ILPA DDQ section by section — loss history, valuation policy, covenant discipline. A fundraise room that isn't mapped to it bleeds momentum.
Every reader needs a different slice
LPs, co-lenders, counsel, auditors, and borrowers all touch the fund's documents — and none of them should see the others' files.
Built for how direct lending actually operates
One fund, three rooms: the fundraise, the deals, and LP reporting — with borrower document collection that runs itself.
Unlimited deal rooms, cloned from your template
Stand up a new underwriting room in minutes from the same folder template, every few weeks, without a new contract or a new quote. Peony's Data Room plan includes unlimited rooms and storage at $52 per admin per month — the 20th room of the year costs the same as the first: nothing extra.
Template once, clone every deal
Keep one canonical underwriting folder structure — financials, QoE, credit agreement, liens, insurance — and replicate it for every new facility so nothing gets invented deal by deal.
Flat per-admin pricing
A 4-admin credit team on the Data Room plan runs $2,496 a year, viewers free — while legacy VDRs quote five figures, deal by deal, year after year.
Three rooms, one platform
Run the LP fundraise room, every per-deal underwriting room, and the permanent LP reporting room side by side with separate permissions — no duplicate subscriptions.
No-login uploads for every borrower
Send each portfolio company an upload link that drops files straight into their folder — no accounts, no passwords, no portal training. Automated reminders chase the late ones, an empty slot shows you who's missing, and every submission is timestamped for your auditors.
No-account upload links
Borrowers won't create logins — so don't make them. One link per borrower, pointing into their own folder, with nothing else visible.
Automated reminders
The system chases quarter-end covenant certificates and monthly financials so your operations team stops writing "gentle nudge" emails.
Timestamped intake, exportable
Every arrival is logged to the minute, organized per borrower per period, and ready to export to your spreading and monitoring stack — or pull via API on the Deal Team plan.
Watermarks, NDA gates, and page-level analytics
Gate the fundraise room behind an NDA, stamp every page with the viewer's identity, and watch which LPs go deep on your track record. When auditors or LP operational due diligence teams ask who saw what and when, export the answer in seconds.
Page-level LP analytics
See which pages of the PPM and track record each LP reviewed and for how long — so IR follows up with the engaged, not the polite.
Compliance-ready logs
Exportable audit trails with timestamps, IP addresses, and device details — for SEC exams, fund audits, and LP operational due diligence.
Granular permissions
LPs, co-lenders, counsel, and borrowers each see exactly their slice — folder-level permissions and revocable, personalized links keep the rest invisible.
"Peony is by far the simplest and most intuitive way to populate and share data rooms with investors and partners. All the key analytics and features integrated into a sleek interface!"
Mark Petrov
Head of Financials, Loop
Michael Hui
Managing Director, Piton Partners
Peony is a standout for data rooms and gated file sharing — intuitive, secure, and beautifully designed. The AI actually adds value, not just a checkbox feature. Highly recommend.
Priced for a fund, not per deal
Legacy data rooms quote every new facility. Peony is flat, per-admin, with unlimited rooms — so velocity is free.
Business
$30/admin/mo
NDA gating, watermarks, AI Q&A
For emerging credit managers
Data Room
$52/admin/mo
Unlimited rooms & storage
For funds cloning a room per deal
Deal Team
$64/admin/mo
API access, Advanced Redaction & Q&A (min 4 admins)
For teams feeding a monitoring stack
Frequently asked questions
What is the best data room setup for a private credit fund that opens 20 deal rooms a year?
A fund-level platform with unlimited rooms, not per-deal contracts. A direct lending fund runs three kinds of rooms at once — the fundraise room for LP due diligence, a cloned underwriting room for every new credit facility, and a permanent LP reporting room. Peony's Data Room plan ($52/admin/month) includes unlimited data rooms and storage, so the 14th deal room of the year costs nothing more than the first. Legacy VDRs quote per deal, which multiplies with a credit fund's velocity.
How do we collect borrower financials without email attachments?
Peony's file collection gives each borrower a no-account upload link that points into their own folder. Borrowers never create logins; your team stops forwarding attachments. Each submission is timestamped in the audit log, so quarter-end covenant certificates, borrowing-base certificates, and monthly financials arrive into a per-borrower folder structure instead of an analyst's inbox — with automated reminders chasing the stragglers instead of your operations team.
What goes in a private credit fundraise data room for institutional LP due diligence?
Institutional LPs diligence credit funds against the ILPA Due Diligence Questionnaire, so structure the room to answer it: firm and team, strategy and sourcing, track record with loss and recovery data, sample deals, fund terms (LPA, PPM, side letters), valuation and monitoring policies, operations and service providers, and compliance. Peony adds NDA gating, dynamic watermarks, and page-level analytics so you can see which LPs are deep in the track-record section and which went quiet.
Does Peony replace Allvue, Chronograph, or iLEVEL?
No — and it is not trying to. Allvue, Chronograph, and S&P's iLEVEL are portfolio monitoring and analytics platforms: covenant tracking, valuations, dashboards. Peony is the secure document layer in front of them — the place borrower documents arrive, live, and stay auditable. Funds that need monitoring analytics buy one of those platforms; the collected documents reach your analysts through exports, or via API access on Peony's Deal Team plan ($64/admin/month, minimum 4 admins).
How do we give LPs access without exposing everything?
Granular folder permissions and personalized links. Each LP sees only their vehicle's quarterly reports, capital account statements, and K-1s, while your flagship and co-invest materials stay separated inside one data room. Watermarks tie every page to the viewer, and access can be revoked instantly when a consultant rolls off — no duplicate rooms, no re-uploading.
Is Peony auditable enough for SEC exams and LP operational due diligence?
Peony logs every page view, upload, download, and signature with timestamps, IP addresses, and device details on infrastructure secured with AES-256 encryption at rest, TLS 1.3 in transit, and SOC 2 Type II certified, GDPR, CCPA, and HIPAA compliance. When auditors ask when a borrower's compliance certificate arrived, the answer is a line in the audit log, not an inbox search. Your CCO can export a compliance-ready report in seconds.
How much does a private credit data room cost?
Peony starts free ($0, 2 GB) for a first fundraise conversation. The Business plan ($30/admin/month) adds NDA gating, watermarks, screenshot protection, and AI document Q&A. The Data Room plan ($52/admin/month) adds unlimited data rooms and storage — the fit for a fund cloning a new underwriting room every few weeks. The Deal Team plan ($64/admin/month, minimum 4 admins) adds API access, Advanced Redaction, and the Advanced Q&A module. A 4-admin credit team on the Data Room plan runs $2,496 a year with viewers free — against legacy VDRs whose median annual cost runs to five figures, quoted deal by deal.
Can borrowers upload documents without creating accounts?
Yes. That is the feature private credit operations teams use most: no-account upload links per borrower, per period. Your borrowers click a link, drop the files, and are done — no passwords to reset, no portal training. Your team sees exactly what arrived, when, and what is still missing across all borrowers at a glance.
Go deeper
Guides from the Peony team on fund data rooms and document operations.
Best data rooms for private equity & credit
The vendor landscape compared — including where flat-rate pricing beats per-deal quotes.
The investor data room, structured right
What LPs expect to find, folder by folder, before they commit to a fund.
Collect documents without the email chase
No-login uploads, automated reminders, and audit trails for recurring document collection.