Future borrowers to use direct lending and ABF interchangeably – Rithm
Since acquiring direct lender Crestline, the investment manager is thinking about ways to offer borrowers options across asset-backed finance and direct lending

Private ABF lenders field diligence questions
The alleged collateral fraud at the heart of recent high-profile bankruptcies has put a spotlight on diligence standards

Manulife CQS looks to launch asset-backed finance product
EXCLUSIVE: The investment manager is now interested in offering investors dedicated asset-backed finance exposure

TCW warns of late-cycle behaviour in ABF rush
TCW’s head of asset-backed finance Dylan Ross jokingly advised shorting the ABF acronym

Blackstone raises USD 1.6bn for new high-yield ABF strategy
The alternative asset management giant is targeting USD 4bn for its new high yield, private-asset-based finance fund

Värde appoints head of ABF, hires ex-KKR MD
The appointments come as the firm looks to expand in the asset-based finance sub-sector of private credit

Asset-based lending increasingly acts as private debt diversifier
Direct lender Bow River is the latest manager to acquire a lower middle market asset-based financing firm as investors seek to diversify existing private debt portfolios

Bow River Capital acquires asset-based lending firm
The acquisition will add a 12-person team and a strategy focused on providing private, asset-based loans to companies in the lower middle market

Neuberger Berman launches asset-based credit fund for wealthy investors
The latest private credit vehicle is structured as an interval fund and will offer wealthy US individual investors daily valuation and limited quarterly liquidity

MidCap hires MD for asset-based lending originations
The new hire previously worked at Apollo-affiliated equipment finance platform Capteris

Private credit firms lean on origination partners to push into asset-backed lending
The private credit juggernaut keeps trundling on, with firms such as Carlyle and Fortress thrusting into the private asset-backed finance market, which by some estimates could be worth USD 30tn

Swiss wealth manager plans novel Swiss franc art securitisation deal
Masterpiece-rich but cash-poor? Xeno Marugg at Finanz Konzept might be able to help. The Swiss wealth manager is planning a securitisation backed by fine art, one of the first such deals in Europe and the only one denominated in Swiss francs

Sound Point scores USD 1.1bn first close for asset-based lending fund
The fund, which expects a final close by the end of the year, has already blown past its USD 1bn total target

Generali Investments backs new asset-based finance strategy
Generali-affiliated Aperture Investors also hired a new global head of asset-based finance

Sports investing is a growing field – Crescent’s Mark Attanasio
PODCAST: “There’s nothing more compelling than live sports,” says Mark Attanasio, co-founder of asset manager Crescent Capital Group and principal owner of Major League Baseball team the Milwaukee Brewers, on the latest Credit Exchange podcast with Lisa Lee

KKR grows ABF business to USD 75bn, expands origination
The alternative asset manager acquired a majority stake in a biopharma royalties business this week to add to its asset-backed finance business

AFME calls for investor-friendly adjustments to EC securitisation reforms
AFME while welcoming the new European regulatory reform proposals has called for further changes

Competition is erasing 'spicy' returns for larger ARR loans – HighVista
Lenders are pressured to offer more leverage, and pricing is starting to match EBITDA-based loans

Fortress rolls out hybrid, evergreen asset-based credit fund
The Asset-Based Credit II fund allows investors to roll commitments and earnings into successor funds in the same series

Turning Rock hires head of credit
The new head of credit joins from Z Capital Group, where he oversaw both funds and CLOs

Canadian manager SAF launches private ABF strategy with hire from RBC
The new managing director spent 20 years working at RBC Capital Markets

KKR, Capital Group expand partnership with plans for public-private market product
The private market specialist is joining forces with a traditional asset manager to better reach individual investors

Sculptor raises USD 900m for maiden tactical private credit fund
The “all-weather” fund originally launched in 2021, according to a filing

Crayhill raises USD 1.31bn for opportunistic asset-based finance
The firm has already deployed 75% of its latest fund

US catching up to Europe on NAV loans as attitudes change, says funding specialist
Lending to private funds is a fast-growing corner of the private credit asset class, and with the US market becoming more accepting of funds using leverage, investment opportunities are set to grow