Edwin Wilches, Co-Head of Securitised Products, PGIM FixedIncome | As investment in the private credit asset class continues to evolve, private ABF has a key role to play as the next wave of bank disintermediation unfolds. Edwin discusses how asset-based finance distinguishes itself within the broader private credit landscape, the opportunity set the asset class offers investors and how to assess risk and avoid unintended exposures in portfolios.

Listen to the full interview which covers:

– Can you explain the major drivers behind the growing interest in private credit as an asset class?

– How does asset-based finance distinguish itself within the broader private credit landscape?

– Some concerns raised by investors in private ABF and(public) ABS is the lack of visibility on underlying credit risks. How do you assess those risks and avoid getting unintended exposures?

– What trends or opportunities do you see evolving within the asset-based financing space for investors?

– How can middle-market borrowers benefit from asset-based finance, especially compared to more traditional credit options?

– What risks should investors stay mindful of when engaging with asset-based finance in the current economic environment?

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