Navigating the Shift to Asset-Backed Finance

This chapter explores the rise of asset-backed finance in the private credit market, detailing its structure and potential for high returns amid a backdrop of regulatory changes. It highlights the withdrawal of traditional banks, creating opportunities for investment managers to fill the lending void, and discusses the varying impact of high interest rates on market behavior. The chapter also addresses the challenges and risks associated with private equity in this evolving landscape, emphasizing new financing strategies that reflect the current economic climate.