Episode Details

Jason Gelberd, Partner, Chief Operating Officer and Co-Head of Direct Lending, and Tim Kim, Partner and Head of Specialty Finance at Manulife Comvest Credit Partners, discuss what sits beneath the broad asset-based finance label, from collateral types and capital structure to first lien, second lien, and equity strategies.   The conversation also covers advance rates, duration, downside protection, fraud risk, cash controls, sourcing, underwriting, and portfolio monitoring. Jason and Tim explain why manager experience and structural discipline matter, and what investors should focus on when evaluating ABF opportunities.