Intercontinental Exchange, the parent company of the New York Stock Exchange, said Tuesday it has launched a new product designed to improve transparency in the private credit market, as investors scrutinize valuations and data quality across the fast-growing asset class.
ICE said the new offering, called ICE Private Credit Intelligence, is intended to help market participants share standardized deal information more securely and efficiently, addressing concerns about limited disclosure in private credit compared with public markets.
ICE private credit platform targets standardized deal data
ICE said the platform will allow firms to share deal information with approved partners using a common data set while reducing the risk that sensitive details are exposed. The company said its technology will extract key terms from deal documents and distribute the information more efficiently.
ICE added that it plans to introduce additional tools over time, including performance analysis and pricing-related insights, to support portfolio management and risk assessment.
Investor concerns have grown after high-profile bankruptcies
Sentiment toward private credit has weakened amid worries about valuations and transparency, which have been amplified by corporate failures including the 2025 bankruptcies of auto-parts supplier First Brands and car dealer Tricolor.
The launch also comes as some U.S. banks have tightened lending standards, while some private-credit funds have faced heightened redemption pressure as investors seek to withdraw capital.
Apollo backs launch as anchor partner
Apollo Global Management is supporting the launch as an anchor partner, ICE said. Eric Needleman, a partner and head of Apollo Capital Solutions, said the next phase of private credit’s development will require stronger infrastructure and more standardized data so market participants can own and transact in private credit in a way that more closely resembles public credit markets.
ICE said it expects to onboard additional originators, asset managers and other capital markets participants over the coming months as the platform expands.
