Asset-backed finance

LPs put managers under the magnifying glass

Amid the struggles in private markets fundraising, private debt has fared relatively well. But investors have concerns, and that means their manager due diligence is getting more demanding.

Three key speciality finance trends

Speciality finance strategies are gaining pace in the broader credit market, with investors keen to participate in niche plays.

ICG: The ABF market is just getting started

Asset-backed finance is only at the beginning of its growth journey as opportunities for stable returns continue to proliferate in the space, says Sridhar Bearelly, head of alternative credit at ICG.

Download PDI’s 2025 speciality finance report

Inside: How asset-backed finance is going mainstream; The asset class insulated from trade wars and geopolitics; Expert analysis from ICG, Partners Group and InterVest capital partners; Plus, much more…

InterVest capital partners: Playing to strengths in the ABL space

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.

Why asset-backed finance is the next big hit for speciality finance

With demand for asset-backed finance at an all-time high, can speciality finance investors still find niche opportunities in this market?

Janus Henderson sells stake in Victory Park to US life insurer

CNO will take a minority stake in Victory Park and commit $600m to future and existing strategies

Tricolor failure could prompt scrutiny of ABF

The collapse of the US auto lender was a talking point at this week’s PDI Network New York Forum.

Texas ERS proposes $400m of private debt commitments in 2026

Texas’s director of private credit highlights concerns over undisclosed issues in GPs’ portfolios.

CalSTRS’ Lisonbee: Opportunity amid intense competition

Ahead of his participation in this year’s PDI Network New York Forum, Matt Lisonbee of The California State Teachers’ Retirement System shares his views of the private debt market.