Democratisation

Policymakers increasingly recognise that private assets can serve as a valuable complement to public equities and bonds in retirement portfolios.

As semi-liquid evergreen fund funds attract individual investors, risk waits just around the corner.

Both products are continuously offered, closed-end interval funds that seek to provide individuals with an array of strategies.

But ratings agency calls the Trump initiative to democratise access to alternatives ‘profoundly fair’.

NB Asset-Based Credit Fund is focused on receivables lending, consumer, small business and real asset sectors

Global Credit represents 43% of the company’s $465bn in AUM, helped by diversification beyond direct lending

IG credit and ABF, as well as CLO management, part of the unit that represents 82% of AUM, contribute to the results.

The partnership mirrors a recent announcement from another retirement services provider that touched off regulatory scrutiny.

Opening private markets to individual investors has brought concerns about liquidity to the fore.

The system has been launched by Martini.ai.