Private equity firms are eyeing a fresh frontier dubbed "asset-based finance," encompassing a wide spectrum from consumer credit-card debts to real estate mortgages and auto loans, as outlined by The Wall Street Journal.
This expansive domain of financing intricately intertwines with nearly every facet of the U.S. economy, with projections suggesting its value could surge nearly threefold over the coming years—from the current $350 billion to an estimated $900 billion, according to one forecast.
Factors such as escalating interest rates and the turbulence in regional banking have diminished the appeal of asset-based loans for traditional banks, presenting private equity players with a potentially lucrative opportunity.
At Outside Legal Counsel LLP, our attorneys have extensive experience in advising on and negotiating financing agreements. Feel free to contact us for a consultation to discuss your specific needs.
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