Kroll and StepStone Group Launch Private Credit Benchmarks
Kroll and StepStone Group (NASDAQ: STEP) have announced the launch of the Kroll StepStone Private Credit Benchmarks, a groundbreaking industry standard for private capital markets. The benchmarks leverage loan-level data from over 15,000 deals, providing comprehensive insights into private credit investment characteristics.
This collaboration offers weekly-updated, anonymized market intelligence across regions, sectors, and loan security, with extensive coverage of U.S. and European markets. The benchmarks aim to enhance decision-making capabilities as retail investors, who control over 50% of global wealth but only 20% of private market assets, increasingly enter private markets.
Kroll e StepStone Group (NASDAQ: STEP) hanno presentato i Kroll StepStone Private Credit Benchmarks, un nuovo standard di settore per i mercati del capitale privato. I benchmark si basano su dati a livello di prestito provenienti da oltre 15.000 operazioni, offrendo analisi dettagliate sulle caratteristiche degli investimenti in credito privato.
La collaborazione fornisce intelligence di mercato anonimizzata e aggiornata settimanalmente, con copertura per regioni, settori e livelli di garanzia dei prestiti, includendo ampiamente i mercati statunitensi ed europei. L’obiettivo è migliorare il processo decisionale proprio mentre gli investitori retail — che detengono oltre il 50% della ricchezza globale ma solo il 20% degli asset nei mercati privati — entrano sempre più nei mercati privati.
Kroll y StepStone Group (NASDAQ: STEP) han lanzado los Kroll StepStone Private Credit Benchmarks, un nuevo estándar del sector para los mercados de capital privado. Los benchmarks se apoyan en datos a nivel de préstamo de más de 15.000 acuerdos, proporcionando información detallada sobre las características de las inversiones en crédito privado.
Esta colaboración ofrece inteligencia de mercado anonimizada y actualizada semanalmente, con cobertura por regiones, sectores y garantía del préstamo, abarcando ampliamente los mercados de EE. UU. y Europa. Su finalidad es mejorar la toma de decisiones en un momento en que los inversores minoristas —que controlan más del 50% de la riqueza mundial pero solo el 20% de los activos de mercado privado— están entrando cada vez más en los mercados privados.
Kroll과 StepStone Group (NASDAQ: STEP)은 사모 자본 시장을 위한 획기적인 업계 표준인 Kroll StepStone Private Credit Benchmarks를 출시했습니다. 이 벤치마크는 15,000건 이상의 거래에 대한 대출 단위 데이터를 활용하여 사모 신용 투자 특성에 대한 포괄적인 인사이트를 제공합니다.
양사는 지역, 산업, 담보 수준별로 주간 업데이트되는 익명화된 시장 정보를 제공하며, 미국 및 유럽 시장을 폭넓게 포함합니다. 벤치마크의 목적은 전 세계 부의 50% 이상을 보유하고도 사모 시장 자산은 단지 20%에 불과한 개인 투자자들이 사모 시장에 점점 더 진입하는 상황에서 의사결정 역량을 강화하는 데 있습니다.
Kroll et StepStone Group (NASDAQ: STEP) ont annoncé le lancement des Kroll StepStone Private Credit Benchmarks, une nouvelle référence sectorielle pour les marchés de capitaux privés. Ces benchmarks s’appuient sur des données au niveau des prêts issues de plus de 15 000 transactions, fournissant des analyses complètes des caractéristiques des investissements en crédit privé.
Cette collaboration propose une veille de marché anonymisée et mise à jour chaque semaine, couvrant régions, secteurs et niveaux de sûreté des prêts, avec une large couverture des marchés américains et européens. L’objectif est d’améliorer la prise de décision alors que les investisseurs particuliers — qui détiennent plus de 50 % de la richesse mondiale mais seulement 20 % des actifs des marchés privés — pénètrent de plus en plus les marchés privés.
Kroll und StepStone Group (NASDAQ: STEP) haben die Kroll StepStone Private Credit Benchmarks vorgestellt – einen wegweisenden Branchenstandard für Private-Capital-Märkte. Die Benchmarks basieren auf daten auf Darlehensebene aus über 15.000 Transaktionen und liefern umfassende Einblicke in die Merkmale von Private-Credit-Investments.
Die Kooperation bietet wöchentlich aktualisierte, anonymisierte Marktinformationen nach Regionen, Branchen und Besicherungsart und deckt die US- und europäischen Märkte umfassend ab. Ziel ist es, die Entscheidungsfindung zu verbessern, während Privatanleger – die über > 50% des globalen Vermögens verfügen, aber nur 20% der Private-Markets-Assets halten – zunehmend in Private Markets investieren.
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Insights
StepStone's new private credit benchmarks with Kroll could strengthen its market position and create new revenue opportunities.
This partnership between StepStone Group and Kroll represents a significant innovation in private credit markets. By leveraging data from over 15,000 deals at the loan level rather than using fund-level aggregates or estimates, these benchmarks offer unprecedented granularity for private credit investors. The weekly updates with primary market data provide timely intelligence across regions, sectors, and loan characteristics.
The strategic value here is substantial. As private markets continue growing with increased retail investor participation, reliable benchmarking addresses a critical infrastructure gap. StepStone is positioning itself at the intersection of two powerful trends: the "retailification" of private capital and the demand for data-driven investment tools.
What makes this particularly valuable is the timing. Private credit has exploded as an asset class, yet has lacked the standardized benchmarking that public markets take for granted. By combining Kroll's dataset with StepStone's SPI platform, they're creating an information advantage that could become essential infrastructure for the industry.
The growth potential is noteworthy given that retail investors control over 50% of global wealth but only about 20% of private market AUM. If this benchmarking solution accelerates retail participation in private credit, StepStone stands to benefit both from the benchmark product itself and potentially increased capital flows into their investment strategies.
A new industry standard for faster, more precise and confident decision-making in private capital markets
NEW YORK, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Kroll, the leading independent provider of global financial and risk advisory solutions, and StepStone Group (Nasdaq: STEP), a global private markets solutions provider, today announced the launch of the Kroll StepStone Private Credit Benchmarks (Benchmarks). A new industry standard, the Benchmarks enable more robust and rigorous valuation and provide an unmatched level of intelligence into the asset class’s investment characteristics.
The private credit Benchmarks are a result of an industry-first collaboration, built using loan-level data and information from more than 15,000 deals, as opposed to fund-level aggregates or modeled estimates. Developed with the long-standing and data-driven private markets expertise of Kroll and StepStone Group, the Benchmarks deliver more timely, reliable and actionable insights, on an anonymized basis, which are essential to the accelerated growth of private investment markets.
“Investor interest and confidence in private markets is growing, in part buoyed by the ‘retailification’ of private capital, and we expect investors to allocate even more to private markets over the coming years,” said Jacob Silverman, CEO of Kroll. “We are excited to partner with StepStone Group and respond to this market demand with a rigorous solution that enables near real-time market monitoring and provides vital intelligence for industry participants.”
Updated weekly with new primary market data, the Benchmarks provide aggregated, anonymized, filterable insights across regions, sectors, size and loan security. This includes extensive coverage across U.S. and European markets, facilitating targeted and timelier capital allocation decision-making, portfolio monitoring, and loan terms and pricing.
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.”
Michael H. Dolan, President of Financial Advisory at Kroll, explained, “We believe private investment markets are an enduring opportunity for growth as retail investors gain access and begin to shift from public to private market investment strategies. This trend has been augmented by a proliferation of evergreen funds. Retail investors currently control more than
Tyler Johnson, Partner and Chief Technology Officer of StepStone Group emphasized, “Robust and granular benchmarking has long been a challenge in private markets, one that StepStone has addressed since its inception through our SPI by StepStone platform. Our collaboration with Kroll will continue that mission to build a better data and analytics toolkit, bringing deeper intelligence and transparency for private credit to all market participants.”
The Benchmarks are available through the Private Capital Markets Platform which, as part of Kroll’s Private Asset Valuation Solutions, enables users to easily identify, analyze and model critical valuation drivers of illiquid investments and fund-level data at scale.
Learn more about the Kroll StepStone Private Credit Benchmarks at www.kroll.com/benchmarks.
Kroll and StepStone will host a joint webinar on September 16 at 11:00 a.m. ET to introduce Private Credit Benchmarks. Register here to attend.
About Kroll
As the leading independent provider of financial and risk advisory solutions, Kroll leverages our unique insights, data and technology to help clients stay ahead of complex demands. Kroll’s team of more than 6,500 professionals worldwide continues the firm’s nearly 100-year history of trusted expertise spanning risk, governance, transactions and valuation. Our advanced solutions and intelligence provide clients with the foresight they need to create an enduring competitive advantage. At Kroll, our values define who we are and how we partner with clients and communities.
Learn more at Kroll.com.
About StepStone Group
StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of June 30, 2025, StepStone was responsible for approximately
For more information, visit StepStone Group.
For media inquiries, please contact:
Lori Feinsilver
Lori.Feinsilver@kroll.com
+1 917 428 7231
Emma Thompson
Emma.Thompson@kroll.com
+44 7540 302090
+44 20 70295384
Brian Ruby / Chris Gillick / Matt Lettiero, ICR
StepStonePR@icrinc.com
+1 203 682 8268
FAQ
What is the Kroll StepStone Private Credit Benchmark?
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