Strategies

Northleaf closes third fund with $1bn to invest

The vehicle’s final size includes SMAs and a rated note structured for insurance companies.

400 Capital closes fourth vintage of ABF fund

Asset Based Term Fund IV held an oversubscribed final close of $1.39bn, higher than its $1bn target.

Blackstone allies with transportation infrastructure firm ITE Management

BXCI makes a minority investment in the alternatives manager.

Proskauer Rose: Shaping up for a busy 2025

Investors are increasingly turning their attention towards evergreen structures and more opportunistic strategies as they prepare for a busier year, say Proskauer Rose partners Gary Creem, Michael Mezzacappa and Kelli Moll.

Northleaf Capital Partners: Asset-based speciality finance is an emerging opportunity

Niche asset-based speciality finance offers attractive yield for well-managed risk, according to CJ Wei, managing director in private credit at Northleaf Capital Partners.

Blue Owl Capital: Asset-based finance rises up the private credit agenda

Asset-based finance can deliver attractive risk-adjusted returns, says Blue Owl Capital’s David Aidi.

SSGA and Apollo’s public and private credit ETF finds regulatory scrutiny

As observers had anticipated, illiquid credit assets comprise no more than 15% of the fund’s assets.

New Mexico SIC bolsters asset-based lending to ramp up to target

The sovereign wealth fund is racing toward its allocation target, with about $2bn annual commitments to private credit, building out its asset-based lending exposure.

Can global GPs successfully diversify into ABL strategies?

Asset-based lending is a growing area of the private debt universe but it’s also complex. Prime Lead Partners’ Viral Patel examines whether the strategy can be easily assimilated by fund managers.