Agency Commercial Mortgage-Backed Securities (Agency CMBS) are bonds backed by pools of commercial mortgage loans — predominantly loans on multifamily apartment properties — where payment on the guaranteed portion of...

Agency Mortgage-Backed Securities rank among the largest and most liquid bond markets in the world, second only to U.S. Treasuries in day-to-day liquidity. An Agency MBS is a bond assembled...

Alternative assets are investment exposures that sit outside the traditional public categories of listed equities, publicly traded bonds (government, investment-grade, and high-yield), and cash. The grouping brings private equity, private...

Alternative credit refers to debt investments made outside the traditional public bond market and the conventional bank-lending channel — loans and credit instruments originated, held, or traded by asset managers...

Asset-backed commercial paper (ABCP) is short-term debt — typically maturing within a few months — issued by a special-purpose conduit and secured by a pool of financial assets or their...

Asset-backed finance (ABF) is the practice of lending against, and investing in, pools of financial or hard assets and the contractual cash flows they generate, rather than against the general...

Asset-backed securities (ABS) are bonds whose payments come from a defined pool of financial assets — such as auto loans, credit-card receivables, consumer loans, leases, or royalties — rather than...

Asset-based finance is the financing of pools of financial or hard assets on the strength of the cash flows those assets produce, with repayment driven by the collateral’s performance rather...

Asset-based lending (ABL) is a form of secured corporate lending in which a company borrows against the value of specific assets on its balance sheet — most commonly accounts receivable...

Capital solutions is a term asset managers and investment banks use for flexible, bespoke financing provided across a company’s or asset owner’s capital structure — debt, structured or preferred equity,...

Capital structure is the specific mix of debt and equity — and the ranked layers within each — that a company or a financing vehicle uses to fund its assets....

Clean energy finance is the set of capital-raising and investment activities that fund the development, construction, and ownership of low-carbon energy assets — solar and wind generation, storage, transmission, electrified...

A CLO manager is the asset-management firm — and the investment team within it — that selects, buys, monitors, and trades the pool of leveraged loans held inside a collateralized...

CLO tranche investing is the practice of buying the individual debt and equity slices issued by a collateralized loan obligation, chosen according to where each slice sits in the deal’s...

Co-investment is a direct minority investment made by a limited partner (or another institution) alongside a lead sponsor into a single deal, outside the sponsor’s main commingled fund. The co-investor...

A collateralized loan obligation is a structured-finance vehicle that pools a portfolio of corporate loans — predominantly senior secured leveraged loans — and funds them by issuing tranches of debt...

Commercial ABS refers to asset-backed securities collateralized by pools of commercial or business-related receivables and cash-flow assets — equipment leases and loans, fleet and auto-dealer floorplan financing, small-business loans, trade...

Commercial mortgage-backed securities are bonds collateralized by one or more mortgage loans on income-producing commercial real estate — office buildings, retail centers, multifamily apartments, industrial properties, and hotels. The mortgage...

Commercial real estate (CRE) is income-producing property held as an investment rather than for owner occupation, together with the debt and equity claims that finance it. The category spans office,...

Consumer ABS refers to asset-backed securities collateralized by pools of mainstream consumer obligations — auto loans and leases, credit-card receivables, student loans, and unsecured personal or point-of-sale installment loans. Investors...