Suddenly, assets are an asset

With cash flow-based lending on the wane, can asset-based lenders step up to the plate? Christopher Witkowsky investigates

Barry Siadat, co-founder and managing director of SK Capital Partners, works in sectors heavy on assets like speciality materials.

His firm, which will begin institutional fundraising for its second fund in the autumn, has relied on asset-based loans for its deals. Its most recent acquisition, the $50 million purchase of the nylon business of US speciality chemicals company Solutia, used asset-based debt from trusted lenders.