Asset-Backed Securities
TwentyFour’s ABS funds cover the whole risk spectrum available, from enhanced cash to direct asset-backed lending.
Asset-backed finance (ABF) forms part of the private credit universe. The defining characteristic is that investments are secured (backed) by a pool of assets and the creditworthiness and return therefore depends on the cashflow of the asset pool and not on other external factors, such as political or contagion risks.