This new standard signals a major step forward for investors seeking sharper insights across regions, sectors, size, and loan security; and, crucially, helps them bring balance to portfolio monitoring and capital allocation decision-making. Rather than rely on modelled estimates and fund-level aggregates, these Benchmarks are powered by loan-level data from more than 15,000 deals, delivering near-real time market intelligence worthy of Jedi precision. For private credit investors, that means actionable clarity and confidence in a space where opacity has tended to rule. This alliance between Kroll and StepStone is more than just a data upgrade. It’s a rebellion against guesswork. A new hope for transparency.