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Speciality finance lenders – particularly those with expertise in asset-based lending – can leverage their flexibility relative to other capital providers to offer strong downside risk mitigation for LPs, says Michael Gontar of InterVest capital partners.

Innovations in the private credit industry are increasingly appealing to new groups of investors and attracting younger women to the credit industry, says Laura Parrott, senior managing director and head of private fixed income at Nuveen.

In a fragmented European landscape, success in distressed lending requires more than seizing short-term dislocation. It demands a long-term, locally informed strategy, says the firm’s CEO, Zach Lewy.

Generating alpha and being able to quickly put capital to work are key advantages of fund finance, says Matt Hansford, European head of Barings Portfolio Finance.

Lenders are responding to an increase in non-institutional investors and semi-liquid vehicles, while GP borrowers are opening up to new sources of fund finance, say Edward Beecham and Megan Livingstone of Alpha Fund Finance.

An expanding borrower universe and new entrants on the lending side are driving innovation in fund finance, according to Meyer Dworkin, head of fund finance and structured credit; David Kennedy, partner; and Kwesi Larbi-Siaw, counsel at Davis Polk & Wardwell.

GPs are turning towards NAV financing as the market demands more flexible solutions and offers diversification for investors, says Arcmont’s head of NAV Financing, Peter Hutton.

Rated subscription lines and NAV loans are a strongly performing area, says Thomas Speller, senior managing director, global head of fund finance at KBRA.

CLO equity offers opportunities to enhance returns during periods of heightened volatility, says John Wright, partner and global head of credit at Bain Capital.

The asset class can take advantage of the fast-changing environment, says Gabriel Yomi Dabiri, global head, private credit and direct lending, Squire Patton Boggs.