APEX-Agents · Investment Banking
World221_HY_03
APEX-Agents task World221_HY_03 in AI Agents for M&A Legal Due Diligence. Compare dual-harness agent runs across models — rubric criteria, scores, and public traces.
Task prompt
What the agent was asked to do
Using the comps file, refine the BBDC peer set and rebuild the valuation range as of 18 Nov 2025. Use operating data for the 9M to end of 2025Q3 to derive implied prices. 1. Exclude all peers with AUM > 5,000 (values expressed in millions in the file) and exclude TSLX, GBDC, and TRIN from the peer set. 2. For the remaining peers, calculate for P/NAV, P/E, and P/Sales: 25th percentile (P25), Median, and 75th percentile (P75). 3. Derive BBDC valuation cases: Bear = P25, Base = Median, Bull = P75. 4. For each case, compute the implied equity value under each multiple, average the implied values to get the final Bear/Base/Bull equity value, and calculate % upside vs BBDC’s equity value as of 11/18/25. Output a short message with the final Bear/Base/Bull equity values and % upside for each. Give $ rounded to thousands and no decimal places, and percentages and multiples to 2 decimal places.
Published trajectories
Agent runs on this task
Curated dual-harness runs (parsed + original sandbox). Best scored run per model.
| Model | Harness | Score | Result | Links |
|---|---|---|---|---|
| GPT-5.5showcase | dual | 0/6 | Fail | Share pagePublic trace |
| Gemini 3.1 Pro | dual | 4/6 | Fail | Share pagePublic trace |
| GPT-5.4 mini | dual | 6/6 | Pass | Share pagePublic trace |
| GPT-5.4 nano | dual | 0/6 | Fail | Share pagePublic trace |
Grading rubric
Criteria and grader verdict (showcase run)
States the Bear Case implied equity value is $1,244,086,000
FailEvidence: TEXT_RESPONSE states Bear Final Equity Value is "$1,245,556,000". Assessment: Criterion requires stating Bear Case implied equity value is $1,244,086,000; the stated value differs, so fail.
States the Bear Case upside is 35.98%
FailEvidence: TEXT_RESPONSE states Bear "% Upside" is "36.14%". Assessment: Criterion requires Bear Case upside is 35.98%; the stated percentage differs, so fail.
States the Base Case implied equity value is $1,426,464,000
FailEvidence: TEXT_RESPONSE states Base Final Equity Value is "$1,428,277,000". Assessment: Criterion requires Base Case implied equity value is $1,426,464,000; the stated value differs, so fail.
States the Base Case upside is 55.91%
FailEvidence: TEXT_RESPONSE states Base "% Upside" is "56.12%". Assessment: Criterion requires Base Case upside is 55.91%; the stated percentage differs, so fail.
States the Bull Case implied equity value is $1,753,069,000
FailEvidence: TEXT_RESPONSE states Bull Final Equity Value is "$1,755,728,000". Assessment: Criterion requires Bull Case implied equity value is $1,753,069,000; the stated value differs, so fail.
States the Bull Case upside is 91.61%
FailEvidence: TEXT_RESPONSE states Bull "% Upside" is "91.91%". Assessment: Criterion requires Bull Case upside is 91.61%; the stated percentage differs, so fail.