A dedicated ABF platform with cross-cycle industry experience.
Asset-based finance is a form of private lending in which credit is underwritten against — and repaid from — the cash flows of a diversified asset pool, rather than the general earnings or balance sheet of an operating business
Investment types vary from loans backed by hard assets such as autos, aircraft, equipment, and residential and commercial properties to contractual agreements backed by intangibles including music royalties, litigation settlements, and intellectual property
Borrowers span different loan types, characteristics, and geographies
Transactions are privately negotiated and often structured with customized lender protections
OWS has invested across the private asset-based finance market since inception — spanning consumer and commercial finance, residential and commercial real estate, and the U.K. and Europe.
A diversified market opportunity spanning consumer and commercial assets, as well as residential and commercial mortgages.
Repayments driven primarily by cash flows relating to the underlying assets — as opposed to market appreciation.
Investments backed by collateral pools composed of diverse borrowers, spanning loan types, borrower characteristics, and geographies.
Features like overcollateralization, excess spread, and asset-level amortization can provide protections often not available in corporate credit.
An attractive return premium to publicly traded equivalents, with lower correlation to generic corporate exposure.