AllianceBernstein has released a new report examining the expanding role of asset-based finance in funding the real economy. Authored by Brian Resnick, CFA, Director and Senior Investment Strategist—Alternatives, the report details how private credit investors are stepping into roles vacated by traditional banks.
Asset-based finance, unlike traditional corporate lending, is secured by income-generating assets—such as infrastructure, vehicles, or loan portfolios. The analysis emphasizes the diversification, self-amortizing nature, and risk-adjusted returns of such structures.
The $6.3 trillion specialty finance ecosystem, combined with constrained bank lending, represents a far larger opportunity than the $3 trillion direct lending and high-yield markets, according to the report.
Read the full article on AllianceBernstein’s website.
