Blackstone asset-based boss targets investment-grade opportunity
- Owen Sanderson
At the Global ABS conference in Barcelona this year, 9fin got into a candid discussion with the global head of a securitized products business, who said their franchise would be in good shape “unless the likes of Blackstone and Apollo get heavily into doing senior financings, and plug in their insurance capital to that space”.
Unfortunately for the banks still running a traditional business set up to warehouse and securitize, that’s exactly what’s happening. We caught up with Rob Horn, global head of infrastructure and asset-based credit at Blackstone’s Credit and Insurance unit, to discuss the new ecosystem of asset-based credit.