About Hyve

We built the credit rating system infrastructure finance never had

Our Mission

$94T in Capital. $3.7T Unfunded. The Problem Is Pricing.

Hyve was founded on a single conviction: that the infrastructure financing gap is an information problem — and information problems are solvable. We built IRRIS and its output, the Hyve Credit Rating, to be the analytical infrastructure this market has always lacked. The same role bond ratings played in unlocking the debt markets. The same architecture that made a $100 trillion asset class accessible.

We are building the standard. Not the next tool. The standard.

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THE PROBLEM

A $3.7T Annual Pricing Gap

Capital allocators have no terminal for physical assets — only static PDFs and 18-month-old studies. Rating agencies look backward. 73% of the mid-market dies in diligence. The market is enormous. The infrastructure is broken.

THE PRODUCT

NEXA & the HCR Score

NEXA processes eight streams of due diligence and outputs a structured HCR score. Not a narrative. Not a judgment call. A precise, comparable rating — produced in 48 hours — that institutional investors can act on.

THE FINANCING LAYER

From Rating to Capital

HCR scores don't end the process — they start it. Hyve connects rated assets directly to executable financial instruments: MTNs, TRS, PPNs, and Real Options Valuation. A scored project becomes a financeable transaction.

THE VISION

The S&P of Infrastructure

Bond ratings unlocked the debt markets. FICO enabled consumer credit at scale. HCR is designed to become the standard that makes infrastructure a liquid, benchmarkable, institutional asset class.

Our Approach

The methodology behind every HCR score

Eight Dimensions. One Score.

NEXA evaluates every deal across Technical Feasibility, Permitting & Jurisdiction, Capital Structure, Construction & Operations, Market Liquidity, Off-take & Revenue, ESG & Climate, and Sponsor & Counterparty quality. Each dimension is scored, weighted, and aggregated into a single HCR rating — consistent and comparable across every transaction.

Built to Withstand a Credit Committee

Every HCR output is auditable. Investors and lenders can see not just the score, but the reasoning behind it — what scored well, what scored poorly, and what gaps need to close. No black boxes. No guesswork.

Designed for Incomplete Information.

NEXA doesn't wait for a perfect deal package. It's built to work with what exists at first submission — and to tell developers precisely what is missing and what must change before the transaction can move forward.

Every Deal Makes the System Sharper.

NEXA is a learning system. Just as CRSP built the empirical foundation for equity analysis, Hyve is building the unassailable data moat for real assets. Every HCR score and financed project feeds a proprietary dataset tracking predicted risk against realised outcomes. The system cannot be replicated from scratch.

18-month diligence. 40-year methods. Adoption is inevitable.

HCR closes the infrastructure pricing gap — for institutions seeking qualified deal flow and for sponsors ready to get funded. The standard is set.

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