Penomo has entered a co-development partnership and user agreement with Maedrone Asset Management, an exceptional moment toward fully AI-native private credit operations - from sourcing, underwriting to post-monitoring.

Maedrone is a Canadian asset management company specializing in alternative credit investments and is deploying Penomo's flagship product - CredOS - to automate its credit origination and fund management operations est. to cross $100M AUM this year.

CredOS is an Agentic tech infrastructure - designed to automate origination, underwriting, and investment committee workflows for alternative asset managers and infrastructure investors. The collaboration gives Maedrone a hyperspeed operational and economic edge to compete against the big firms.

What We’re Solving

Maedrone’s move toward an AI-native operating model is rooted in lived experience. Having underwritten, operated, restructured, and exited hundreds of real estate and private credit deals, the team has seen firsthand how manual & complex investment cycles accelerate losses and missed opportunities, especially with distressed assets.

Private credit has scaled rapidly, but its operating model has not. Most platforms still rely on manual data extraction, Excel-limited underwriting, and disconnected servicing systems pile up investment decision making load. As AUM grows, operating costs scale almost linearly with headcount.

Through this partnership, Penomo and Maedrone are reversing that outcome with AI-native credit workflows such that the AUM (and hence LPs returns) can grow significantly with the same headcount, and with greater transparency. The goal is to amplify human judgment in compressed timelines into hours or days that would traditionally take weeks or months, all while preserving disciplined underwriting and downside protection. The result is a hyperfast operational and economic edge that compounds as AUM scales.

“We go beyond layering AI on top of legacy workflow to become fully AI-native and best of multi-model AIto Private Credit” - Jasvir Dhillon, Penomo CEO.

An AI-native Investment Operating System

The CredOS platform already supports this through:

• Automated workflows from unstructured data - turning documents, emails, and data rooms into structured credit intelligence

• Deal intelligence & Smart Data Rooms - that centralize every deal artefact into one system

• Controlled AI labor - to compress weeks of Financial, legal, and technical grunt work into minutes

• Automated deal comms - consolidation and elimination of manual follow-ups and fragmented threads

• Market intelligence - integrated directly into underwriting workflow

• Specialized deep Agentic actions - designed specifically for multiple private credit cases in real assets

These capabilities allow a lean investment team to operate at institutional scale, with human-led checks and balances preserved at every decision point - Maedrone's Aman Grewal.

Built For The Next Generation Of Private Credit

This partnership reflects a shared belief that the future private credit winners will be data-driven, AI-, and operationally lean.

Penomo and Maedrone are building for that future.

Maedrone’s Managing Partner, Aman Grewal added:

Private credit has always been built on trust and stewardship of capital. That responsibility comes first. Technology should strengthen that responsibility, not replace it.

Maedrone is being built as a technology-native platform from day one, allowing us to underwrite more thoroughly, identify risks earlier, and respond to borrowers with speed and clarity. By removing manual friction and unnecessary layers, we can focus our time where it matters most, on judgment, structuring, and protecting downside.

Our partnership with Penomo embeds that infrastructure directly into our credit process. It allows us to operate efficiently without compromising discipline, and to scale in a way that remains aligned with the long-term protection and performance of our investor's capital.

To that, Jasvir wrote:

Private credit has grown at institutional scale, but its operating layer is still largely manual. That gap is where risk & costs compound and where opportunities are lost.

We’re building something remarkable here - not layering AI on top of legacy workflows as one would, but co-developing an operating model that is AI-native from the ground up. When underwriting, structuring, and monitoring are built into one intelligent system, teams can move faster without loosening discipline. 

Maedrone leadership’s bold mindset is what we loved. This partnership shows what the next generation of private credit platforms will look like - lean, structured, and built to scale AUM while keeping headcount steady and operational cost outrageously low.

About Maedrone Asset Management

Maedrone is an asset management and advisory platform headquartered in Toronto, focused on private credit and real assets across Canada and the United States.

The firm focuses on senior and structured real estate credit in situations where traditional lenders have stepped back, prioritizing capital preservation, downside protection, and disciplined structuring.

The platform draws on experience across distressed, opportunistic, and cross-border real estate transactions, including acquisitions, financings, restructurings, development and asset management.

Maedrone operates across capital advisory and direct lending strategies, with a focus on structured real estate credit. The platform is expanding into discretionary investment vehicles, including an evergreen senior mortgage fund set for launch in 2026. 

About Penomo

Penomo is the AI-native operating system for private markets investment operations. 

We power private credit, private equity, and M&A workflows through modular infrastructure and powerful AI agents built for the real complexity of deal execution - from origination, underwriting and monitoring - designed by operators with deep experience in the space.

Our flagship product CredOS actively operates across Europe and North America enabling lean teams in private credit & infrastructure investment operations to operate at institutional scale. We address the €250B+ annual spend on fragmented, manual layers of private markets that is increasingly converging with the emerging €1T digital asset ecosystem.  

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