Asset-backed finance

The strategy that sits between debt and equity is seeing increasing demand from investors.

Retail investor redemptions are not being viewed as a troubling sign for private credit GPs, panellists say, echoing US SEC chair’s sentiment that asset class is not facing systemic issues.

LibreMax Asset-Backed Income Fund targets asset-backed finance and traded structured credit opportunities.

Asset-backed strategies and managers prioritising local origination are best positioned to succeed in Europe as the market grapples with testing macro conditions, says Adam Baghdadi, managing director at Arrow Global.

Primary Wave’s fourth and largest such fund exceeded its original $1.5bn target fundraise and hard cap.

The fund beat its target and expects to make more than 50 loans to European borrowers.

An ex-Goldman Sachs executive will succeed Edwin Wong, with new co-heads for the Asia special situations strategy also in place.

Talks between domestic and international regulators will begin in April and continue throughout the summer.

Some real estate managers see ABF as a natural extension of their core strategies, rather than a shift away.