Kroll and StepStone Group Launch Private Credit Benchmarks

Core Insights - Kroll and StepStone Group have launched the Kroll StepStone Private Credit Benchmarks, establishing a new industry standard for private capital markets, aimed at enhancing decision-making through improved valuation and intelligence [1][2]. Group 1: Product Overview - The Private Credit Benchmarks are based on loan-level data from over 15,000 deals, providing more reliable insights compared to traditional fund-level aggregates [2]. - The Benchmarks are updated weekly with new primary market data, offering anonymized insights across various dimensions such as regions, sectors, and loan security [3]. Group 2: Market Demand and Trends - There is a growing investor interest in private markets, driven by the 'retailification' of private capital, with expectations for increased allocations to these markets in the coming years [3]. - Retail investors currently control over 50% of global wealth but only about 20% of private market assets under management, indicating a significant opportunity for growth in private investment markets [4]. Group 3: Strategic Collaboration - The collaboration between Kroll and StepStone aims to address the need for clarity and granular benchmarks in the evolving private credit asset class [4]. - The Benchmarks will be integrated into Kroll's Private Capital Markets Platform, facilitating the analysis and modeling of critical valuation drivers for illiquid investments [4]. Group 4: Company Background - Kroll is a leading independent provider of financial and risk advisory solutions, with a team of over 6,500 professionals and nearly 100 years of expertise [6]. - StepStone Group, as of June 30, 2025, manages approximately $723 billion in total capital, including $199 billion in assets under management, serving a diverse range of clients [8].