ABF boomed in 2025 and growth is set to accelerate next year

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.

It wasn’t so many years ago that Private Debt Investor classified asset-based finance (ABF) under its speciality lending bracket, but this segment of the market has grown so rapidly that it now dwarfs all other parts of the private credit market.

According to estimates compiled by Integer Advisors and KKR Credit, the private ABF market is thought to be worth approximately $6.1