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Global Perspectives

KKR Credit
Asset-Based Finance: A Fast-Growing Frontier in Private Credit
BY VARUN KHANNA, Avi Korn, Christopher Mellia • May 15, 2023

Asset-Based Finance: A Fast-Growing Frontier in Private Credit

The impressive speed at which private asset-based finance (ABF) has expanded in the wake of the Global Financial Crisis is a sign of an ongoing structural shift that we think will continue to drive strong growth. Considered alongside its potential investment benefits, we think the asset class has earned investors’ attention. The private ABF asset class at the end of 2022 was 67% bigger than in 2006 and 15% bigger than it was in 2020. Its share of the overall asset-backed market has risen fro....

Mar 27, 2023

Credit’s Odyssey: Steering Toward Ithaca

By Christopher A. Sheldon, Rory O'Farrell

At any other time, the events that took place in Credit markets during the fourth quarter of 2022 would have seemed extraordinary. Given the year go....

Mar 01, 2023

Regime Change: The Role of Private Equity in the‘Traditional’ Portfolio

By Henry H. McVey, Racim Allouani

At KKR we still firmly believe that we have entered a different macroeconomic regime for investing, where the traditional relationship between stock....

Feb 09, 2023

Eye of the Tiger

By Henry H. McVey

We have been suggesting since the onset of the pandemic that we are experiencing a macro ‘regime change,’ driven this cycle by a variety of uniq....

Jan 18, 2023

The Last Six Months of LIBOR: We Don’t Have to Live Like Sisyphus

By Tal Reback

Why Market Participants Should Act Now “The struggle itself is enough to fill a man’s heart.” –Albert Camus, The Myth of Sisyphus ....

Dec 19, 2022

Outlook for 2023: Keep It Simple

By Henry H. McVey

Despite all the uncertainty across today’s global capital markets, we are poised to enter 2023 with a more constructive tilt, especially on many par....