Asset-Based Finance: Institutional Credit, Rebuilt

Asset-based finance is reemerging as a scalable institutional credit strategy as investors seek durable income, structural protection, and capital efficiency. This session explores consumer, equipment, and specialty finance lending through the lens of collateral performance, securitization, and risk transfer. With middle-market fundamentals showing resilience amid higher default rates, panelists examine how asset-level underwriting, cash-flow visibility, and structural safeguards are reshaping return profiles. Why is collateral-driven credit regaining appeal, and how should investors reassess collateral risk, liquidity, and downside protection in today’s market environment?