Comments due by November 15, 2022

Assets under management within private debt funds have increased significantly during the post-GFC period. However, debt funds do not yet have well-defined industry best practices on topics such as performance and risk metrics, valuation frequency and outsourcing practices, or the accounting treatment of origination and exit fees. The NCREIF PREA Reporting Standards Council approved the formation of a task force that conducted extensive outreach, research, and analysis on this topic. This exposure draft and included proposals are the culmination of that work.

The NCREIF PREA Reporting Standards Board and Council invite all interested parties to comment on the proposals set forth in the exposure draft. Feedback and response are critical to ensure that the Reporting Standards reflect industry best practices as well as meet the need for transparency, consistency and comparability that facilitate informed decision-making.

The comment period for the above referenced exposure draft concludes on November 15, 2022.

Submit comments to administrator@reportingstandards.info