Asset-backed finance is “next frontier” of private credit
The $5tn (£4tn) asset-backed finance (ABF) market presents a great opportunity for alternative lenders after commercial banks scaled back their activities in the space, according to Oaktree. In the latest monthly round-up from the alternative asset manager, co-chief executives Robert O’Leary and Armen Panossian noted that “ABF has been transformed from a low-return, bank-dominated asset […]