…Let's Talk Asset-Based Financing with Edwin Wilches

…Let's Talk Asset-Based Financing with Edwin Wilches

Author: PGIM October 21, 2025 Duration: 25:01

In this episode, Edwin Wilches, Co-Head of Securitised Products at PGIM, joins Keshav Rajagopalan, to explore the dynamic and fast-evolving world of Asset-Based Finance (ABF). As traditional boundaries between public and private credit continue to blur, they discuss how ABF is emerging as a powerful tool for financing the real economy, offering institutional investors new avenues for diversification, yield, and portfolio resilience.

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Key Takeaways:

• Regulatory shifts and evolving market structures are driving growth in the US, Europe, and beyond – [06:00]

• Institutional investors are turning to ABF for diversification, enhanced yield, and scalable solutions - [07:00]

• Capital demand is rising in areas such as AI infrastructure, data centers, and fund finance. – [15:00]

• Contractual cash flows are central to ABF's appeal for seeking to improve risk-adjusted portfolio returns – [22:00]

*The views expressed are those of the speakers at the time of recording and may not reflect their current opinions. This content is not investment advice.*

Learn More:

• @PGIM on X: https://twitter.com/pgim

• @PGIM on Instagram: https://www.instagram.com/pgim/

• PGIM on LinkedIn: https://www.linkedin.com/company/pgim

Shareables:

"We're financing the real economy. That's what makes this space so exciting—it's not just about returns, it's about impact."— Edwin Wilches, Co-Head of Securitised Products at PGIM

"Contractual cash flows are the foundation of ABF. That's what makes it compelling for insurers, pensions, and other institutions." — Edwin Wilches, Co-Head of Securitised Products at PGIM

"Lending where there is a supply-demand imbalance of capital -- that's where compelling risk-adjusted returns could be found.— Edwin Wilches, Co-Head of Securitised Products at PGIM


PGIM's Speaking of Alternatives offers a clear-eyed conversation about a part of the financial world that often feels shrouded in complexity. This isn't about dry lectures or sales pitches; instead, each episode sits down with seasoned practitioners and thinkers who operate in the trenches of private equity, real assets, hedge funds, and other non-traditional avenues. The dialogue focuses on the practical realities and long-term shifts within these markets, moving far beyond the fleeting news cycle. You'll hear how allocators are actually navigating current economic crosswinds, which structural trends are creating genuine opportunity, and how the very definition of "alternative" continues to evolve. The perspective is intentionally global, acknowledging that compelling strategies and risks can emerge anywhere. By demystifying the jargon and focusing on tangible insights, this podcast serves as a valuable resource for anyone looking to understand the forces shaping portfolio construction today. It’s a monthly dose of nuanced analysis for investors, advisors, and the intellectually curious who recognize that the conventional playbook is rarely sufficient. Tune in for straightforward discussions that respect the sophistication of the topic without losing the listener in unnecessary abstraction.
Author: Language: English Episodes: 26

Speaking of Alternatives
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