Speciality finance

Leading fund managers and investors discuss five key trends driving private debt’s most esoteric array of alternative investments.

Lending secured by assets on a company’s balance sheet is a growing form of finance.

Legal assets offer attractive uncorrelated returns.

Royalty strategies exploit borrower demand.

Asset-based finance can be strongly complementary to direct lending, says Dan Pietrzak, partner and global head of private credit at KKR.

The asset-based strategy for the ninth such fund is said to involve buying largely consumer credit vehicles

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

NAV loans are an increasingly popular tool for accessing liquidity.

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

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