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speciality finance

Lending against listed securities is one of many speciality private debt strategies jostling for attention and poised for growth.
Kerberos' Fund I and II were as, of Sept. 2020, earning a 28.7% gross IRR and a 28.3% gross IRR, respectively, according to an Arkansas TRS report.
Having paused, investors will once again begin expanding into more adventurous areas, says William Nicol of M&G.
The manager expects the final close of the special situations fund before year-end.
Combining the cool factor with the possibility of strong returns, music royalties have been generating increasing interest. But can the good times keep rolling?
The A$7.5m instrument is said to be the first since 1933 to pay principal and interest in gold.
The firm has already raised most of the capital and just attracted a $30m commitment from Rhode Island.
The direct lending market was catalysed by banks’ withdrawal from mid-market corporate lending, and many are predicting that private credit firms in asset-based finance will be boosted in a similar way.
The firms believe aircraft can still offer long-term growth potential despite covid-19.

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