Fence

Fence is building internet-native infrastructure for debt capital markets. Fence is a tech-native facility agent that consolidates the calculation agent, verification agent, and cash manager roles into a single platform. Every asset is verified against source data before funding, not sampled after the fact, so lenders get 100% verification of the collateral they are funding, continuous eligibility and covenant testing, and asset-level visibility into the pool at all times. Borrowing base calculations, drawdowns, and waterfall payments run automatically, giving lenders real-time control and oversight without adding any operational burden.