Fund Financing

Credit Consensus Data for Fund Financing

Why Credit Benchmark?

Independent consensus credit data provides clarity within the Fund Finance market

Credit Consensus Ratings provide transparency into an otherwise opaque market where lack of representative credit risk information creates headwinds for doing business.

Credit Consensus Ratings are utilised for a variety of financing solutions including subscription finance, NAV financing and GP financing.

Solutions

How we can help your business

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LP Look Through for Revolving Facilities: Credit Consensus Ratings provide transparency into the quality of LPs when there is little to no ratings information available.

Net Asset Value (NAV) Financing: High degree of Credit Consensus Ratings on underlying companies. 90% of Credit Benchmark’s coverage is currently unrated by traditional ratings agencies.

For firms entering the subscription finance markets, consensus data can help to plug an informational gap where a lack of a strong sponsor relationship may slow deal progress.

Understanding the creditworthiness of funds and entities when evaluating the underlying collateral base for GP and LP Financing vehicles

Case Study

The Client
A major European bank.

The Challenge
A large proportion of the client’s LP list were publicly unrated creating challenges around the accurate assessment of the credit risk.

The Solution
Following a coverage check, Credit Benchmark were able to provide robust coverage on the portfolio of interest, providing ratings on the names the client was unable to get a traditional rating agency rating for.

In Numbers

75,000

Entities with Credit Consensus Ratings

800,000

Credit Risk Estimates Collected Each Month

50 Million

Credit Risk Estimates Collected Since Launch in 2015

1,200

Industry & Sector Indices

160

Countries Covered

Major Global Banks Contributing, Almost Half Are GSIBs

20,000

Credit Analysts Contributing Risk Views

90%

Of Universe Unrated by Traditional Rating Agencies

90%

Of Corporate Universe Are Private Companies

The Benefits of Consensus Credit Data

Rating the unrated

Unparalleled coverage of public and private issuers; filling the gaps left by traditional ratings agencies.

Independent

Free from “issuer-pays” conflict and any bank bias.

Real-world exposure

Driven by the credit views of >40 of the world’s largest regulated banks, almost half of which are GSIBs.

Identify that entity

Risk data is processed through a sophisticated purpose-built mapping engine.

Dynamic

The consensus is refreshed twice monthly to provide dynamic indicators of potential credit risk changes.

Alerting and monitoring

Assess risk over the lifetime of a transaction.

Secure reporting

Ease of internal integration within reporting.

Expanding footprint

A unique growing global dataset.

Related Material

Risk Solutions

Understand your risk

Request a coverage check of your portfolio & access unique insights and analysis from our exclusive, contributed credit risk dataset.

Credit Benchmark brings together internal credit risk views from over 40 leading global financial institutions. The contributions are anonymized, aggregated, and published in the form of consensus ratings and aggregate analytics to provide an independent, real-world perspective of credit risk. Risk and investment professionals at banks, insurance companies, asset managers and other financial firms use the data for insights into the unrated, monitoring and alerting within their portfolios, benchmarking, assessing and analyzing trends, and fulfilling regulatory requirements and capital.