Private credit has scaled — but its infrastructure hasn’t caught up
Private credit has grown into a multi-trillion-dollar asset class that finances economic growth and provides income for millions of retirees globally, with a growing universe of investors. Yet the data infrastructure supporting it remains underdeveloped, leaving investors reliant on manual workflows, inconsistent data, and fragmented tools. We are focused on providing the foundational market infrastructure its scale and relevance deserve.
1 Estimates by Apollo analysts as of 31/12/2025
$40T¹
Estimated total private credit addressable market.
~95%¹
Investment grade assets — held by pensions, insurers, and banks.
27%²
Share of global fixed income.
Today's workflow is inefficient
Deal documents flow through data rooms and emails. Investors manually extract terms. No single provider delivers a comprehensive, interoperable solution.
Inconsistent data
Deal documents distributed via disparate methods with no standard format.
Manual extraction
Investors manually parse documents to assess investment potential.
Fragmented tools
No provider delivers a comprehensive, interoperable solution.
Limited visibility
Institutional investors lack standardized insight into portfolio performance.
The solution
ICE Private Credit Intelligence
ICE Private Credit Intelligence establishes a private credit data infrastructure that draws on the public credit market experience — using a standardized ICE ID identifier, permissioned data sharing, and ICE's global distribution channels.
The ICE ID
A permanently unique, anonymous identifier assigned at the deal level — enabling consistent tracking across the asset lifecycle.
Permissioned data sharing
Secure, deal-level entitlements are designed so that only authorized parties can access specific data sets.
Structured terms & conditions
AI and human analysts extract coupon, maturity, capital structure and other key terms into standardized fields.
Analytics & pricing*
Deal calculators, cross-market relative value, and independent daily loan evaluations.
Global distribution
Data delivered via desktop, flat files, cloud services, and APIs through ICE's existing distribution channels.
Secondary trading foundation
Lays the groundwork for a secondary trading capability, performance indices, and automated settlement.
*Some products are currently under development, and the services and/or methodologies that may ultimately be developed may deviate from the description included herein or may not be developed at all.
How it works
From deal doc to structured data in four steps
1: Request an ICE ID
Submit deal documents via ICE's secure, permissioned web portal.
2: ICE ID issued
A fully anonymous and permanently unique identifier is assigned.
3: Data populated
AI and analysts extract deal terms into standardized, permissioned tables.
4: Global distribution
Structured data flows to authorized parties via ICE's distribution network.
Built with industry leaders
Apollo is supporting ICE Private Credit Intelligence as anchor partner. ICE expects to bring additional originators, asset managers, and capital markets participants onto the platform over the coming months.
