Canyon launches ABF platform with capacity to deploy at least USD 5bn annually
The firm secured anchor investments from Daiichi Life Insurance and Korea Investment Holdings, and hired a former ATLAS executive to lead the strategy

Blackstone pitches USD 2.1bn CFO for PE secondaries fund
The deal would see the firm leverage a pool of stakes of third-party private equity funds.

‘You should hire new people into the organisation that are young, who are aggressive’
Q&A with Tony Minella, co-founder, president of Eldridge Industries & CEO of Eldridge Capital Management

We’re ready to grow
The first day of the Creditflux symposium was dedicated to asset-backed finance. Attendees noted how this market has continued to grow despite the war in Iran and its impact on oil prices

Ares’ co-head of alternative credit says AI will hit a bit of a wall due to “sheer capital” need
PODCAST: The AI boom is likely to be slowed down because the sheer amount of capital that is required to maintain the pace of these projects is unsustainable, says Joel Holsinger, co-head of alternative credit at Ares Management, on the latest episode of Credit Exchange with Lisa Lee

KKR’s co-head of credit says ‘it’s adult swim only’ in markets
PODCAST: Christopher Sheldon, co-head of credit and capital markets at KKR, tells Lisa Lee on the latest episode of Credit Exchange that 2026 is set to be defined by avoiding mistakes rather than picking winners, with elevated defaults and downgrades resulting in a challenging investing environment

Pemberton reorganizes, appoints new private credit leaders
The firm’s chief credit officer is leaving at the end of March, the company said

Amid rising caution, US public funds seek to de-risk private credit portfolios
Defaults, excessive capital raised in private credit drive caution, with senior direct lending and SMAs favoured for de-risking and savings

Davidson Kempner raises USD 1.1bn for private ABF strategy
The firm also held a final close for its Davidson Kempner Income Fund II, the second vintage fund under this global private asset-backed debt strategy

US public pensions seek ABL, Europe, and fee savings in private credit – Year in Review
Public pensions increasingly seek co-investments, custom accounts; Asset-based lending, specialty finance strategies gain traction from Debtwire Municipals

KKR confirms lack of exposure to First Brands, rejects concerns about cracks in private credit
In a new investment insight, KKR’s Daniel Pietrzak said that the failure of First Brands and Tricolor does not indicate cracks in private credit 

Pimco raises USD 7bn for asset-backed finance strategy
The capital was raised across a number of vehicles and included commitments from a diverse investor base that included individual investors as well as insurers

Pathlight secures USD 1.9bn for asset-based lending
The firm held a final close for its fourth fund and raised capital via its parallel evergreen fund

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

NAV Financing and GP/LP Solutions: supercharging value creation with flexible financial technology
NAV loans are not new, but the adoption rate by sponsors is growing rapidly. What’s all the fuss about?