Asset-backed finance

The diversification dilemma: Why ABF offers a solution to LPs

Asset-based finance’s cashflow-based nature and exposure to different areas of the PE market are acting as buffers against macroeconomic uncertainty, says Rithm Capital’s Michael Nierenberg in this PDI podcast.

BIS research scrutinises private credit ratings, transparency, liquidity risk

Life insurers have shifted from simple asset-liability matching to linking with private equity and illiquid credit investments.

Conference agrees that ABS fundamentals remain strong

Miami confab sees insurance demand, excess cash, containing spread widening.

PDI Awards 2025: It’s time to submit your entries!

The Private Debt Investor Global Awards return.

Do private markets require a rebrand?

With the retailisation of alternatives set to transform the industry, building brand awareness with individual investors has become a priority for managers.

Democratisation & Transparency: How alternative assets are readying for individual investors

Opening up alternative assets to non-institutional investors, from HNWIs to 401(k) account holders, represents up to $80trn. It’s an alluring pot of capital for an industry with flatlining annual fundraising figures in some asset classes. And yet, multiple headwinds exist, making the journey towards increasing democratisation far from straightforward.

First Brands bankruptcy prompts questions over private credit exposure

The Ohio-based concern’s term loans were primarily underwritten and syndicated by investment banks.

Eagle Point, Apple Bank form equipment financing venture

Newton, the newly formed venture, will source deals across the US and be administered by both companies.

Arizona pension sees concerns in default uptick and increased competition

Staff of the $60bn Arizona State Retirement System, a long-time private credit investor, are still mostly optimistic about the asset class amid a push to diversify the programme.

Oxane report: Banks are coming back, non-bank lenders will benefit

‘Private Credit+’ is a $45trn opportunity globally. Direct lending, $1.5trn of that amount, is saturated, the report says.