Asset-backed finance

Europe may be catching the eye of an increasing number of investors but most market participants believe the region will struggle to gain much ground on the US.

Industry observers think that number is in line with recent market growth, but some say scaling up could come at the expense of performance.

European investor appetite is accelerating, strategies are diversifying and emerging managers are gaining ground as private credit enters a new phase of growth, says Michael Dempsey, JTC’s global head of private credit.

SpaceX will lease Nvdia’s latest AI-focused chips in what it calls the largest-ever GPU financing.

The firm’s bet on financing AI and its focus on investment-grade and ABF helped pick up the slack, however.

The sale of super prime and prime loans will net Truist $7.2bn in proceeds, a 6.5% discount.

Family office Perpetual is building Asian private debt exposure, while allocators Feri and Golding Capital are warily eyeing the region.

Sutta is taking over from Jim Moore, who will continue his role as Barings’ head of private placements.

Oaktree’s inaugural, closed-end asset-based finance fund will focus on capital solutions to a broad spectrum of originators, including equipment leasing, consumer and infrastructure.