TwentyFour Asset Management Expands Private Credit Offering with New Asset-Backed Finance Fund
25 APR, 2025
By Jose Luis Palmer from RankiaPro Europe
TwentyFour Asset Management, the London-based fixed income specialist and part of Vontobel, has announced the launch of a new asset-backed finance (ABF) fund, broadening its presence in the private credit space. The strategy will be managed by the firm’s dedicated asset-backed securities (ABS) team, with a focus on accessing consumer and corporate asset portfolios across Europe.
The fund’s launch comes amid rising investor appetite for diversified private credit solutions, as traditional lenders face increasing regulatory headwinds. TwentyFour aims to capitalise on these dynamics by structuring investments through acquisitions, partnerships, or other tailored exposures—rather than relying on direct lending alone.
“With regulatory pressure forcing banks to reconsider strategies across a range of traditional lending activities, private credit investors have an opportunity to work alongside and not compete with banks,” said Douglas Charleston, Co-Head of ABS at TwentyFour.
Europe seen as fertile ground for structured credit
The firm believes Europe’s conservative lending culture and highly regulated credit markets make it an ideal region for the strategy. According to Charleston, investors in ABF can benefit from attractive income and total return levels, particularly when compared with more crowded areas of private credit such as direct lending.
Through ABF, investors can target attractive levels of income and total return at a premium to more widely allocated parts of private credit such as direct lending, and Europe is the ideal hunting ground. The region’s consumer lending markets are highly regulated and homogenous, and it has a culture of more conservative risk appetite in corporate lending, both of which mean the credit performance of European assets has historically been better than US equivalents.
Douglas Charleston, Co-Head of ABS at TwentyFour Asset Management.
Alistair Wilson, Head of Sales at TwentyFour, added that the fund will leverage the firm’s extensive network in European structured finance—built since 2008—to source and tailor opportunities that match investors’ risk preferences.
ABF is a compelling area of private credit where an investor’s relationships can be extremely valuable when sourcing and managing opportunities.
TwentyFour is a known presence in European structured finance, active in both public and private markets right across the risk spectrum since 2008. Our relationship with banks, specialist lenders and other loan originators and track record as a relevant, scalable and reliable partner creates a strong opportunity pipeline, and enable its managers to add value for investors by tailoring deals to their structure and risk preferences.
Alistair Wilson, Head of Sales at TwentyFour Asset Management.
