Asset-backed finance

With a new year under way, we present the topics we think will be major talking points in the months to come.

Though collapses primarily occurred on bank balance sheets, alternatives managers have sought to get ahead of the problem.

Asset selection, solid documentation and falling interest rates in Europe are all positive market indicators, according to Zachary Lewy, chief executive officer of Arrow Global.

Blackstone’s IG Credit AUM is now $130bn, up 30% year-on-year.

Burdened by debt, Saks missed a $100m interest payment in late 2025.

Supreme Court decides not to decide, leaving in place a Third Circuit decision and boosting a rule for protection of creditors.

Fund targeting wealth platforms will work with extensive network of third-party originators to source investments.

Asset-backed strategy seeks to provide exposure to residential, corporate and hard asset-backed loans.

Fundraising hit a new record in 2025, but only just!

Asset-based lending and asset-backed lending can be easily confused but represent contrasting lending activities. Richard Gumbrecht of Secured Finance Network explains the differences.