The private credit industry faces a fundamental transformation as traditional corporate lending becomes saturated while a massive opportunity emerges in asset-based finance that could dwarf existing markets.

Private credit has exploded from a niche post-financial crisis strategy into a nearly $2 trillion asset class, but the market is rapidly diversifying beyond traditional direct lending as institutional allocators become more sophisticated and seek higher returns. Industry leaders warn that the days of simple sponsor-backed deals dominating the space are ending, with asset-based lending, evergreen fund structures, and non-sponsor opportunities creating new white space for manag

Cesar Estrada, private markets head at Arcesium and former State Street executive who managed $1 trillion in assets, warns that alternative asset managers face a critical technology bottleneck as they diversify beyond traditional strategies. Speaking on the Alt Goes Mainstream podcast, Estrada argues that firms expanding into evergreen funds, wealth management, and asset-based finance are hitting operational walls that threaten growth.

In Brief: Keith Ashton and David Ells, partners and portfolio managers at Ares Management's Alternative Credit division, joined...

On the Insurance AUM podcast, MetLife Investment Management experts Poorvi Dholakia and Paul Carroll shared insights on private structured credit (also called private ABF or Asset-Based Finance), highlighting why it's becoming a critical asset class for insurance portfolios.

AFA renames private credit fund to AFA Asset Based Lending Fund, focusing on lower middle market borrowers via boutique lending platforms.

Neuberger Berman's NB Specialty Finance Fund III LP raises over $1.6 billion, exceeding its $1 billion target, with 45% already deployed.

Asset-based finance emerges as crucial funding alternative amid bank pullback, with technology driving rapid market expansion and efficiency

Republic Business Credit provides $4.5M asset-based loan to LA organic clothing maker, supporting sustainable apparel growth.