The first order impact of post-GFC bank retrenchment trimmed corporate credit risk from their balance sheets and bore the direct lending boom. We are now in the early innings of Asset Backed Finance filling a similar void of capital. ABF touts an +11tn TAM with less than $500bn of dedicated fund manager AUM currently addressing the opportunity set across a wide variety of hard assets and financial assets.

Presentation | Filmed 25 February 2026