Kroll and StepStone Group have launched the Kroll StepStone Private Credit Benchmarks, a new tool designed to support the development of the private capital markets in the Channel Islands and internationally.
The Benchmarks aim to establish a global industry standard by enabling more consistent and transparent valuations, offering deeper insight into the investment characteristics of the private credit asset class.
The tool is expected to be particularly useful for private investors moving into professional or institutional markets – a trend already evident in Jersey’s and Guernsey’s funds sectors – as well as for promoters, fund boards and administrators when assessing pricing or reviewing market trends.
The Private Credit Benchmarks have been developed through a collaboration between Kroll and StepStone Group, using loan-level data and information from more than 15,000 deals. Drawing on the firms’ private markets expertise, the Benchmarks provide anonymised, data-driven insights that support the continued growth of private investment markets.
Updated weekly with new primary market data, the Benchmarks provide aggregated, anonymised, filterable information across regions, sectors, size and loan security. This includes broad coverage across US and European markets, supporting more informed and timely capital allocation decisions.
Ed Shorrock (pictured), Managing Director – Jersey, Kroll, said: “At a global level, investor interest and confidence in private markets is clearly growing, fuelled in part by the ‘retailification’ of private capital and we expect allocations to private markets to continue rising in the years ahead. It is a shift already evident in Jersey and Guernsey, with the jurisdictions’ strong track records in both private wealth and alternative funds positioning them well to support this trend.
“Both islands offer market-leading private fund structuring options, as well as attractive legal and regulatory frameworks, providing private investors with the credibility, tools, and infrastructure they need to operate confidently in a more professional investment environment. Our expectation is that this tool can feed into that landscape, responding to market demand with a rigorous solution that provides vital intelligence for industry participants.”
Marcel Schindler, Partner and CEO of StepStone Private Debt, added: “We continue to see strong demand for private credit solutions across the world’s investors and, with that, comes an increasing need for clarity and granular benchmarks in this rapidly evolving asset class. By combining Kroll’s robust dataset in private credit with complementary data contained within our SPI by StepStone platform, we’re building a powerful intelligence toolkit that enables improved decision-making for investors and market participants across the private credit ecosystem.”
