Canyon Partners Hires Ex-Atlas CEO for $5 Billion Asset-Backed Finance Venture
Updated
Updated · Bloomberg · Jun 9
Canyon Partners Hires Ex-Atlas CEO for $5 Billion Asset-Backed Finance Venture
1 articles · Updated · Bloomberg · Jun 9
Summary
Jay Kim, formerly CEO of Atlas SP Partners, will lead Canyon ABF Partners, a new Canyon Partners vehicle focused on asset-backed financing.
The venture aims to originate more than $5 billion of loans annually, giving Canyon a larger foothold in a fast-growing private credit niche.
Canyon ABF Partners plans to invest broadly across asset-based finance, where private credit firms have increasingly moved into lending areas long dominated by banks.