Private credit in practice: What advisers want – and what to know about direct lending and ABS

25-Sep-2025

In this episode of “It’s not all PC” the Privity team explain how direct corporate loans and asset back securities work, especially when combined, and what they deliver for investors.

In a shifting market where traditional fixed income no longer meets all client needs, private credit is stepping into the spotlight. Atiya Habib (Managing Partner & Head of Credit), Nigel Credlin (Head of Distribution) and Tim Samway (Chair) discuss their market soundings on how advisers are using private credit today and what advisers want to know to allocate with confidence.

Importantly, Atiya and Nigel explain the objectives driving allocations and the common concerns shaping client discussions with advisers. The session demystifies two important but often misunderstood strategies:

Direct corporate lending – what it is, how it works and why businesses choose private lenders over banks.

Asset backed securities (ABS) – the mechanics of ABS, the assets behind them and how they compare with corporate loans in terms of risk and return.

The team discusses the adviser feedback that was instrumental in designing its latest funds – the Privity Diversified Credit Fund and the Privity Private Credit Fund.

This episode of “It’s not all PC” offers a practical, adviser-focused exploration of where private credit fits today and how it can deliver value for clients.

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