Channel Capital Advisors launches asset-backed private credit strategy

Channel Capital Advisors has launched an asset-backed private credit strategy for borrowers in the “innovation economy”.

The strategy – dubbed Corniche I – will provide asset-backed finance to borrowers in the innovation economy, including those with strong entrepreneurial leadership teams operating in the digital, data, technology, consumer products, life sciences and e-commerce industries.

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The UK-based alternative investment firm said that the vehicle has a range of protective investor features, including collateral with segregated asset pools, floating rate pricing, pull-to-par dynamics and self-liquidating structures.

Corniche I is available in traditional, impact and Sharia-compliant share classes.

Asset-backed lending is a fast-growing segment of the alternative credit sector. The market is forecast to grow to almost $10tn by 2028, according to Integer Advisors research cited by Channel Capital Advisors.

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“The strategy builds on our 17-years’ experience in the asset-backed space and leverages our access to high-growth firms in the innovation economy, said chief executive and chairman Walt Gontarek (pictured).

“We are grateful for existing support from our existing stakeholders in launching Corniche I.”

Channel Capital Advisors has facilitated over $12bn (£9.5bn) of financing to lenders supporting the innovation economy since 2014, across North America and Europe.

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