Asset-backed finance

Mid-market direct lending, asset-backed finance and even commercial real estate continue to generate attractive opportunities despite widespread macro volatility, says Chris Hedberg, AllianceBernstein’s head of capital formation for pr­ivate alternatives.

LPs featured in our Rising Stars 2024 list expect private credit’s fundamentals to maintain their significance over the coming months – though growth is expected in several key areas.

The firm’s AlpInvest secondaries unit and private wealth help power its growth in AUM, while its private equity business shrank.

Nascent fears over credit market health and lending standards weigh on the earnings of the manager, which is staking its future on ABF and retail investors.

Blackstone execs do not see recent defaults as ominous for the traditional private credit market and say they are issues for the banks, as noted on the earnings call.

The fund will invest in lenders using fintech to disrupt traditional financial services sectors.

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.

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

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

The Private Debt Investor Global Awards return.