#USA #New York #Kroll #private credit #StepStone Group

Kroll and StepStone Group Launch Innovative Private Credit Benchmarks

In a significant step for the private capital markets, Kroll and StepStone Group have teamed up to launch the Kroll StepStone Private Credit Benchmarks. The benchmarks provide an industry standard designed to enhance decision-making efficiency and precision for investors in private credit markets. As the demand for private investment solutions continues to surge, these benchmarks promise to deliver deeper insights that will foster confidence in strategic investment choices.

A New Standard in Private Credit

The unveiling of these benchmarks is the result of a pioneering collaboration that relies on comprehensive loan-level data derived from more than 15,000 deals, rather than relying solely on aggregated fund-level data. This innovative approach equips investors with a reliable toolset for assessment and valuation in the intricate landscape of private credit. Jacob Silverman, CEO of Kroll, stated that this partnership aims to meet the growing interest from investors who are increasingly dipping their toes into private markets, driven by the 'retailification' of capital.

The benchmarks will be updated weekly, ensuring that they reflect timely market conditions while providing insights that are anonymized and filterable by key factors such as region, sector, and loan security type. This level of detail enables investors to make informed decisions quickly, which is essential in the fast-paced world of private capital.

Addressing Market Demand

Marcel Schindler, Partner and CEO of StepStone Private Debt, emphasized the rising necessity for clarity within the private credit space, which has seen dramatic growth in demand from various investors around the globe. By merging Kroll’s extensive dataset with StepStone’s complementary resources, the firms aim to create a comprehensive toolkit for market participants. This toolkit will facilitate enhanced decision-making and ultimately contribute to the evolution of private credit benchmarks.

Michael H. Dolan, President of Financial Advisory at Kroll, mentioned that private investment markets represent a tremendous growth opportunity. Retail investors now hold over 50% of global wealth, yet they command only about 20% of private market assets. This disparity indicates a significant opportunity for future growth as more retail investors seek to diversify their portfolios by venturing into private markets.

Empowering Investors and Enhancing Transparency

Tyler Johnson, Partner and Chief Technology Officer of StepStone Group, pointed out the ongoing challenge of establishing robust and granular benchmarks in the private sector. The establishment of the Kroll StepStone Private Credit Benchmarks will enhance transparency and facilitate better investment strategies. As private markets gain traction, having access to rich data and analytics will empower investors to navigate these waters with confidence.

The new benchmarks are integrated into Kroll's Private Capital Markets Platform, part of their broader suite of Private Asset Valuation Solutions. This platform allows users to conveniently identify, analyze, and model essential valuation drivers of illiquid investments at scale.

Join the Conversation

For those interested in learning more about the new Kroll StepStone Private Credit Benchmarks, a joint webinar is scheduled for September 16 at 11:00 a.m. ET. Attendees will have the opportunity to get insights directly from Kroll and StepStone experts.

For continuous updates on private credit and to explore the benchmarks, visit Kroll.

About Kroll

Kroll has been a leader in providing financial and risk advisory solutions, leveraging their extensive experience, data, and technology. With a global team of over 6,500 professionals, Kroll is committed to helping clients navigate complex market demands with agility and foresight.

About StepStone Group

StepStone Group (Nasdaq: STEP) is dedicated to providing tailored investment solutions. As of June 30, 2025, it managed approximately $723 billion in total capital, marking its significance in the global private markets landscape. Their clientele includes prominent pension funds, wealth management clients, and other institutional investors seeking to build effective private market portfolios.

In conclusion, the collaboration between Kroll and StepStone Group represents a forward-thinking approach to private credit, offering essential insights that can shape the future of investment strategies in this expanding market.