Marathon CEO Predicts Asset-Based Lending Boom as Banks Retreat

Market is set to exceed $1 trillion in size: Bruce Richards
He speaks on Bloomberg Intelligence’s Credit Edge podcast

Bruce Richards
Photographer: Christopher Goodney/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Lisa Lee (News) and James Crombie

March 14, 2024 at 8:18 PM UTC

This article is for subscribers only.

The market for loans backed by assets like music royalties and aircraft is growing exponentially and set to exceed $1 trillion in size, said Bruce Richards, CEO and chairman of Marathon Asset Management.

Opportunities for asset-based lending are going to balloon as banks pull back from this activity, he said.