Asset-backed finance

Davidson Kempner argues it’s time to pivot to asset-backed finance

As recovery rates plunge, a new report points to second-lien mortgages, European SME ABF and US equipment finance as areas of opportunity.

Bank of England confirms private market stability test details

The UK’s central bank has published details of its upcoming stress test of private credit markets and confirmed some of the firms taking part.

Smoke signals: Lessons from First Brands and Tricolor

The spotlight should be on due diligence as recent company failures raise questions about the scale of problems facing private debt, writes Matthias Kirchgaessner.

Sculptor: Investing in asset-based finance’s third era

As ABF evolves into a more diverse asset class, Udai Bishnoi of Sculptor discusses what is required to capitalise on these opportunities.

AllianceBernstein: The strategic edge in a saturated private credit market

As private credit becomes an increasingly crowded market, Chris Hedberg of AllianceBernstein explains what is required to seize upon the best opportunities.

The private credit diversification trend

Investors prioritise asset-based finance and special situations as direct lending margins come under pressure, our LP Perspectives 2026 Study shows.

Derivative Path: Understanding the risks of asset-based finance

An increased focus on ABF is changing the risk management dynamics of private credit, says Brett Morrell, head of risk solutions at Derivative Path.

Why managers may struggle to cope with the demands of ABF

Recent bankruptcies have highlighted the need for extensive due diligence and, also, post-deal monitoring of risk in asset-based finance. Are relative newcomers to the space sufficiently equipped?