The Evolving Landscape of Asset-Based Finance and Securities Products | Global Conference 2025

Video Description

Find all Global Conference 2025 Panels: https://milkeninstitute.org/events/global-conference-2025/program Asset-based finance is experiencing rapid growth within credit markets and the private credit sector, expanding beyond traditional middle market buyouts. This surge is largely driven by innovative FinTech originators who are leveraging technology to streamline lending processes and access new markets. The changing market dynamics, including increased regulatory pressures on traditional banks, have created opportunities for alternative lenders to fill the gap in asset-based financing. These lenders are tapping into diverse asset classes, from real estate and equipment to intellectual property and receivables, offering tailored financing solutions. The rise of asset-based finance is also attracting institutional investors seeking yield in a low-interest-rate environment, further fueling the sector's expansion. What potential risks does the expansion of asset-based finance pose to the broader financial system, in terms of systemic risk and market stability? How might the increasing involvement of FinTech originators impact traditional lending institutions, and what regulatory challenges might arise as a result? Ted Seides Founder and Host, Capital Allocators Matt Miller Managing Director, Residential and Securities Investing, Bayview Asset Management Jack Neumark President & Managing Partner Madelaine O'Connell Managing Director, High Grade Credit, HPS Investment Partners, LLC Jason Steiner Managing Director, Asset-Based Finance, Pacific Investment Management Company Edwin Wilches Co-Head of Securitized Products, PGIM Fixed Income