PDI Staff Writer
Inside: From asset-based lending to trade finance – the new strategies attracting investors; How LPs are targeting speciality finance opportunities; Expert comment and analysis from industry leaders; Plus much more…
Monroe Capital’s Aaron Peck and Kyle Asher discuss why speciality finance is a good option for private credit exposure that can deliver exceptional, uncorrelated risk-adjusted returns.
Diverse opportunities and economic insulation characterise the speciality finance opportunity, say Magnetar’s David Snyderman and Erik Falk.
Given the diverse nature of the asset class, and the number of new asset-backed lending strategies coming to market, the importance of manager selection should not be underestimated, says Paul Burdell, co-founder and CEO at LCM Partners.
One attraction is that assets offer a diversification play relative to other fixed income exposures, says Goldman Sachs Asset Management’s Kevin Sterling.
Serving as the bridge between small to medium-sized businesses and government programmes is a rewarding process that can stimulate innovation, say Brevet Capital’s Douglas Monticciolo and Mei-Li da Silva Vint.
Market dislocation is bringing new opportunities across the capital stack, says Michael Gontar, chief executive at InterVest capital partners.
Low risk premiums and high yields require a shifting opportunity set, says Michelle Russell-Dowe, co-head of private debt and credit alternatives at Schroders Capital.
Asset-based finance can be strongly complementary to direct lending, says Dan Pietrzak, partner and global head of private credit at KKR.
European private debt volumes suffer as broadly syndicated market lands counterpunch; scrutiny of hurdle rates in higher rate environment; and NXT and Cresset join forces for lower mid-market deals.