Allocators told to screen ABF managers by origination history

Allocators at an asset-backed finance event were told to screen managers by origination track record rather than by the asset-backed finance label.

One speaker made origination the test: house money managers built it as a core business, while tilt money managers entered in response to demand.

That screen requires evidence of the manager’s own pipeline, underwriting standards and workout history.

For allocators, the ABF label alone does not answer whether a manager has the origination pipeline and workout history to produce returns without relying on beta from a crowded trade.