Asset-backed finance

BC Partners Credit holds final close at $1.4bn

The third vintage of its special opps fund beat its predecessor and target with a high re-up rate.

Opportunistic credit funds step up efforts in ABL

For credit funds looking to move beyond corporate debt, asset-based lending offers a huge opportunity set – but the barriers to entry are high.

AB CarVal: Non-bank asset-based finance is a compelling diversifier

Non-bank asset-based finance may be viewed as opportunistic by some investors, but in reality it is a vast and established asset class offering compelling diversification, say AB CarVal’s James Sackett and PJ Collins.

Pollen Street increases AUM 29% on back of strong fundraising

The firm said its is on track to hold a final close of its credit fund this year at its £1bn target.

Lincoln Financial taps Bain, Partners Group for private markets funds

Lincoln will partner with the managers to launch two evergreen funds to focus on global private credit and royalties.

LA pension mulls a five-year private credit pacing plan

Adviser RVK recommended raising its private credit allocation to target 5%, or $300m-$400m, per year through 2029.

NMSIC’s leader: Asset-based lending taking priority in private credit ramp-up

The private credit head at the $60bn sovereign wealth fund discusses the rationale behind asset-based lending interest and reasons for caution in a booming market in this Q&A.

Fidelis Investors enters the RTL deal pipeline

Launched with Morningstar’s blessing, the firm’s February securitisation has 435 underlying loans.