Show Notes
Private asset-based finance (ABF) is gaining prominence in insurance portfolio strategy as insurers evaluate its capital efficiency, structural protections, and yield potential. In this episode of the InsuranceAUM.com podcast, Stewart Foley is joined by John Roglieri, Managing Director in Brookfield's Strategic Credit Initiatives, and Remo Plunkett, Vice President in Brookfield’s Credit Group, to explore the evolution of ABF and its growing relevance for insurers.
The discussion covers why ABF is not just a newer version of traditional securitized assets, but a broad, flexible toolkit that includes real assets, recurring cash flows, and customized structures tailored to insurer needs. With insights on risk management, capital treatment, and relative value versus direct lending, this episode offers a timely look at how insurers can build resilient portfolios in an increasingly complex credit environment.
More from InsuranceAUM
Mark Jochims, Head of European Private Credit at Morgan Stanley Investment Management, joins the InsuranceAUM.com Podcast to explore the evolution of European private credit and the expanding role of direct lenders across the region.
Pranay Subedi, Associate Portfolio Manager in Fixed Income at T. Rowe Price, examines the health of the private credit market and how risk has shifted since the Global Financial Crisis. The discussion covers the evolution of BDCs and other private credit vehicles, why credit risk has migrated away from bank balance sheets, and whether today’s system may be more resilient than the pre-GFC framework.
Margaret McKnight, Partner and Head of Portfolio Solutions at StepStone Real Estate, and Brendan MacDonald, Partner and Chief Operating Officer at StepStone Real Estate, discuss why the current real estate reset may be creating an attractive opportunity set for secondaries investors. They explore how higher rates have pressured valuations, leverage, liquidity, and transaction activity, while increasing demand for GP-led secondaries, recapitalizations, and other capital solutions.
David Ross, Managing Director and Head of Private Credit at Northleaf, joins the InsuranceAUM Podcast to discuss the current state of private credit and how investors are navigating a market shaped by volatility, elevated base rates, changing capital flows and new risks associated with artificial intelligence. He explores why underlying portfolio performance remains resilient overall, where pockets of stress are emerging and how investors should evaluate returns on a loss-adjusted basis.
The lines between broadly syndicated loans and private credit are becoming increasingly blurred as borrowers gain more flexibility in how they access capital. Taylor Boswell, Head of Credit Origination and Research at AGL Credit, explains what is driving that convergence, why larger borrowers can offer attractive through-cycle characteristics, and how portfolio construction can influence long-term credit outcomes.