Asset-based private credit – also referred to as asset-based finance or asset-based lending – generally refers to a type of private credit in which a lender is repaid by contractual cash flow generated by a defined pool of hard or financial assets. Against the backdrop of an evolving economic environment with higher inflation and interest rates, this flavor of private credit has recently become the focus of attention from general partners and limited partners alike. Castlelake’s white paper breaks down the investment strategy. Read the white paper here.
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