Fund managers and credit investors face growing demand for transparency – from LPs, risk teams, and regulators – at a frequency that traditional processes were never designed to support. The tools to value private credit daily, systematically, and defensibly now exist. You can meet these new demands with expertise you can trust. Stay ahead with Kroll.
Private Asset Daily Valuation Solutions
Why Now
Demand for Transparency
Investors expect more frequent, rigorous fair value estimates to support NAV reporting and portfolio monitoring.
Regulatory Pressure
Increasing scrutiny on valuation governance and the need for defensible, documented processes.
Risk Management Maturity
Credit portfolios are growing in scale and complexity, requiring daily marks to monitor portfolios and manage exposure effectively.
Market Data Now Exists
The Kroll StepStone Private Credit Benchmarks provide observable new issue data — the foundation that made daily valuations difficult until now.
How Kroll Enables the Move to Daily Valuations
Three interconnected capabilities — Benchmarks, Platform and Advisory — that together form a complete daily valuation governance framework for credit managers.
Data Foundation | Platform Infrastructure | Valuation Advisory |
|---|---|---|
Kroll StepStone BenchmarksObservable, transaction based new issue pricing data — the market clearing signals that make systematic daily valuations credible.
| PCM PlatformThe operational infrastructure for daily valuations. Kroll’s Private Capital Markets Platform (PCM) ingests benchmark data, delivers systematic marks and maintains a full audit trail across your portfolio.
| Kroll Advisory ServicesExpert led valuation advisory for positions requiring independent judgment — complementing systematic pricing with audit ready opinions.
|
Your Path to Daily Valuations
The Implementation Path
Data Foundation – Private Credit Benchmarks and Analytics
Begin with access to the Kroll StepStone Private Credit Benchmarks. Your team gains visibility into observable new issue pricing, spread factor trends, and market reference points — a standalone value before any platform work begins.
Platform Onboarding — PCM for Your Portfolio
PCM is configured for your portfolio: loan data mapped, credit factors assigned, comp sets established. The platform connects benchmark data to your positions and validates the factor model against your book.
Daily Valuations – Data Driven and Systematic
Valuations begin flowing for your portfolio at your chosen frequency. Each mark is fully attributed, documented, and retained in PCM — immediately available for NAV, risk and reporting workflows.
Expand — Advisory Layer for Complex Positions
For positions outside the systematic model — complex instruments, restructurings, idiosyncratic credits — Kroll’s advisory team is available alongside the platform. Both services run through PCM.
What You Unlock
Portfolio Monitoring
- Daily visibility across your entire portfolio — not just quarter-end snapshots
- Trend analysis: see how your portfolio’s implied spread is moving vs. the new issue market
- Early warning signals on credits drifting from benchmarks
Risk Management
- Daily valuations to assess credit exposure and stress testing
- Systematic price history enabling volatility and drawdown analysis
- Collateral valuation and margin monitoring at daily frequency
Investor Relations and Reporting
- Monthly NAV construction supported by documented, auditable marks
- LP facing reporting with full factor attribution — not just a price, but a rationale
- Consistent, reproducible pricing that withstands LP and audit scrutiny
Why Kroll
Kroll is the definitive authority at the intersection of value, risk and transactions. The only firm that combines proprietary transaction-based benchmark data, a purpose-built private credit platform, and deep valuation advisory expertise in a single integrated offering.
The Only Observable Data
Fair value estimates begin flowing for your portfolio at your chosen frequency. Each valuation is fully attributed, documented, and retained in PCM — immediately available for NAV, risk, and reporting workflows.
Advisory When You Need It
Begin with access to the Kroll StepStone Private Credit Benchmarks. Your team gains visibility into observable new issue pricing, spread factor trends, and market reference points — a standalone value before any platform work begins.
Platform Built for This
PCM was designed for private credit valuation workflows. Not repurposed from another asset class. Not a general-purpose tool. Built specifically for this need.
One Integrated Framework
Benchmarks, platform, and advisory all delivered through Kroll's Private Asset Valuation Solutions — a single commercial relationship, one system of record, unified governance.
Start the Conversation
Contact your Kroll relationship manager to learn more about our daily valuation framework for private credit.
Stay Ahead with Kroll
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