Investors

LACERS has set in motion a plan to grow allocation to the asset class from 1.9% to 5.75%.

The firm reached its hard-cap for BSP Real Estate Opportunistic Debt Fund II with 29 months of time logged fundraising on the road.

The appointee joins from rival firm FWD following the previous incumbent Phil Joubert’s move from AIA to Oaktree Capital Management last year.

Alternative managers have an expanded arsenal compared with the last time public markets soured on BDCs.

‘Even in an inflationary environment, we’re able to benefit from a returns perspective as a result of those prices increasing higher than we may have anticipated,’ Sagard’s Raja Manchanda said.

Asset-based lending and asset-backed lending can be easily confused but represent contrasting lending activities. Richard Gumbrecht of Secured Finance Network explains the differences.

Credit managers have been experimenting with AI in 2025, with many expecting it will become an integral part of the private credit landscape in the near future.

The private asset-based finance market has been expanding rapidly and is now larger than all other private credit markets, with economic trends signalling it will grow even more quickly in 2026.

Firms are bifurcating towards either serving large private equity-backed deals or looking at more niche specialist concerns in order to stand out in a competitive market.