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Over the last decade, net asset value finance has grown into a $100bn mainstream market, which is forecast to grow to some $700bn by 2030. In this podcast, 17Capital’s Dane Graham discusses why he thinks this is only the beginning of its growth trajectory.
Europe is playing catch-up compared with the US when it comes to attracting private wealth. James Board and Owen Lysak, partners at Simpson Thacher & Bartlett, chart the progress that has been made.
Attractive return profiles and strong lender protections with limited loss rates are key benefits of ABSF, says David Ross, managing director and head of private credit at Northleaf Capital Partners.
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.