【動画】ポートフォリオ・ファイナンス入門
同アニメーション解説動画では、ポートフォリオファイナンスとは何か、なぜ注目を集めているのか、そして、柔軟性や分散投資、ダウンサイド・リスクの抑制を追求する投資家に対し、どのようにプライベート市場へのアクセスをサポートするか、について解説します。（英語のコンテンツです）
Over the last decade, private markets have grown at rapid speed, but bank capital hasn’t kept up. This has created a funding gap—and with it, a potentially compelling opportunity in portfolio finance.
What is Portfolio Finance?
Portfolio finance offers an alternative way to fund private market portfolios. It’s part of the broader fund finance universe, sitting between traditional subscription line financing and higher-risk preferred or equity-like strategies. “Core” portfolio finance delivers investment-grade financing solutions to diverse portfolios of private market assets.
How is it used?
- In private credit and real estate debt, it can increase a manager’s buying power, potentially enhance returns, and attract new investors seeking customized exposures.
- In secondaries, it’s used as a portfolio management tool and may help close the bid-ask spread between buyers and sellers.
- In GP financing, it provides capital for fund managers to scale their businesses and align more closely with LPs. It also supports portfolios that include a number of GP stakes strategies.
Why is it gaining traction among investors?
Portfolio finance can serve as a diversifier and enhancement to traditional fixed income allocations. With investment-grade ratings, seniority, and diversified collateral, it offers capital preservation with the potential for attractive risk-adjusted returns. It can also deliver structural alpha and has historically offered a spread pick-up over public investment-grade credit.
Looking Ahead
Private markets are projected to reach or exceed $20 trillion by the end of the decade. Portfolio finance is expected to play a central role in this evolution—opening new doors for investors and enabling capital to be deployed quickly into private markets.
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