Intercontinental Exchange Launches ICE IDs to Standardize Private Credit Identification

Intercontinental Exchange, Inc. (NYSE: ICE) has launched ICE IDs, a new classification service that assigns unique, persistent identifiers to private credit instruments for the first time. Announced on July 27, 2026, the initiative establishes a foundational data layer designed to bring public-market-level transparency and efficiency to the rapidly expanding private credit asset class.

The identifiers serve as the cornerstone of ICE Private Credit Intelligence, an industry-wide infrastructure initiative developed in partnership with Apollo. ICE IDs will track instruments across the full investment lifecycle—from origination through final payoff or closure—including credit events. As an anchor partner, Apollo has begun applying ICE IDs to its originated credit assets.

“As we work to create a master data structure for private credit, ICE IDs are the cornerstone that we build everything else off of, and which link together the key data points that make up an instrument,” said Chris Edmonds, President of ICE’s Fixed Income and Data Services. “ICE has a long history of bringing greater efficiency to financial markets, and we look forward to working with Apollo to build out the ICE Private Credit Intelligence platform and bring greater transparency to the private credit market.”

Drawing on its experience managing reference data for over 35 million instruments across more than 210 markets, ICE plans to roll out additional datasets through the Private Credit Intelligence platform later this year. The service offers secure, permissioned data sharing using a standardized reference data set, enabling the flow of deal-level information among authorized counterparties without exposing proprietary details. The platform leverages ICE’s technology stack to ingest deal documents, extract key terms, and distribute secured, consistent data at scale.

“We have long believed that enhancing transparency in private credit is essential to the evolution of the asset class, and the introduction of ICE IDs for private credit represents an important milestone that further advances our multi-year efforts across data standardization, secondary market liquidity and price transparency,” said Eric Needleman, Partner and Head of Apollo Capital Solutions. “This new offering establishes a critical component of the foundational data layer we seek to build for private credit, through a trusted and experienced data provider in ICE, to enable an investor experience for private credit that more closely resembles that of public markets.”

Market participants can request an ICE ID for an instrument through the ICE Private Credit Intelligence portal.

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