Blackstone Says Private Credit Is Coming for Asset-Based Debt
- Rob Camacho expects lenders’ capabilities in the space to grow
- Sees a ‘symbiotic relationship’ between banks, private credit
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Private credit lenders are just getting started in the world of consumer and asset based finance, according to Rob Camacho, Blackstone Inc.’s co-head of asset based finance within the firm’s Structured Finance Group.
“Today, we are a very small portion of the whole asset based finance market,” he said in an interview. “There’s a lot of room to run.”