Latest news with #assetbackedfinance
Bloomberg
05-08-2025
- Business
- Bloomberg
Wine, Music and Jets Draw Scrutiny of Asset-Backed Private Debt
After pouring billions into asset-backed finance, private credit managers and investors are starting to scrutinize what exactly they get back if their bets sour. With types of collateral ranging from mortgages, to music royalties, to physical assets like aircraft, the answer to that question can mean the difference between an easy recovery and being stuck with something hard to sell. The manufacturing equipment might be bolted to a factory floor. The fine wine backing the loan may have spoiled. Or the company's output could be so specialized that it's nearly impossible to offload.
Bloomberg
05-08-2025
- Business
- Bloomberg
Aperture Investors Eyes $1 Billion Asset-Backed Finance Fund
Markets Aperture Investors is targeting a $1 billion fund for its newly formed asset-backed finance strategy. The new fund will focus on asset-based finance opportunities in North America, with plans to expand to Europe, according to an emailed statement. The strategy is launching with seed capital from Generali Investments, which manages assets on behalf of insurance firm Assicurazioni Generali SpA.
Yahoo
30-07-2025
- Business
- Yahoo
KKR Just Raised $6.5 Billion to Attack a $9 Trillion Opportunity
KKR & Co. (NYSE:KKR) just locked in a massive $6.5 billion to fuel its biggest asset-backed finance push yet. The bulk$5.6 billionwent into its Asset-Based Finance Partners II fund, with another ~$1 billion from separately managed accounts. According to the firm, about 20% of the capital has already been put to work, and 65% is earmarked for US deals. The focus? Private asset-backed lending across sectors like auto loans, residential mortgages, and consumer debtareas where banks have been steadily pulling back, leaving room for deep-pocketed firms like KKR to step in. Warning! GuruFocus has detected 9 Warning Signs with KKR. KKR sees this as a generational opportunity. Daniel Pietrzak, the firm's global head of private credit, told investors the asset-backed market could grow to over $9 trillion by 2029. It's a big white space, he said, referencing the lack of large-scale capital chasing these deals. With more businesses ditching heavy balance sheets for asset-light models, KKR is positioning itself as a go-to financing partner. Recent activity includes a 40 billion transaction with PayPal and talks with PIMCO to acquire a stake in Harley-Davidson's financing armboth aimed at backing real assets outside traditional corporate lending. Since launching its asset-backed strategy in 2016, KKR has built a $74 billion-plus platform across consumer and mortgage debt, hard assets, equipment leasing, and more. What makes this raise notable isn't just the sizeit's the signal. Institutional capital is pouring into this space, and KKR is betting big on a structural shift away from bank-driven lending. For investors, it could be a glimpse into where the next credit cycle battleground will play outprivate, asset-backed, and increasingly scaled. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
