Speciality finance

Abu Dhabi anchors Pemberton NAV Finance fund

Support from the Emirate’s sovereign wealth fund and other investors will enable the strategy to hold a first close soon.

Growth opportunities: NAV lending

NAV loans are an increasingly popular tool for accessing liquidity.

Litigation finance offers a lucrative opportunity

There’s profit in court cases, as law firms turn to investors to fund legal claims.

Blackstone partners with Barclays in consumer credit deal

Barclays sells $1.1bn in credit card debt to Blackstone’s asset-based finance group in latest deal to reduce risk assets.

S&P report: Banks are unloading risks to credit funds

Basel accords are incentivising banks to issue synthetic risk transfer securities.

Cash-flow lending business Mercatus Finance launches

The specialty finance outfit, backed by Arena Investors, will have the “flexibility to consider” second-lien and subordinated investments.

FC Capital on why knowing the servicer is key

The expertise and financial solidity of the servicer is something people often overlook in speciality finance. Christian Brehm of FC Capital explains why this would be a mistake.

Credit secondaries: Overlooked by regulators?

Getting a fairness or valuation opinion on a private equity GP-led secondaries transaction is a straightforward, albeit costly, task. But in credit secondaries, the rule change creates a cumbersome burden.

Schroders Capital: Pivot to the opportunity the market is affording

In a dynamic market, not all opportunities arrive at the same time, so it is critical to have capital and a flexible approach to pivot to where opportunity intersects capability, maintain Michelle Russell-Dowe and Nicholas Pont of Schroders Capital.

Northleaf Capital Partners think esoteric and niche: The benefits of low correlation in speciality finance

Music royalties, healthcare receivables and legal finance are all well-diversified, low-correlation investments suited to a range of market conditions. David Ross, CJ Wei, Jeff Perrin and Victoria Li of Northleaf Capital Partners explain why.