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  "documentTitle": "2025 Investor Day",
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  "notes": "The slide uses a tree-like structure to categorize credit types.",
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      "kind": "callout",
      "text": "A key distinction of Asset-Based Finance (“ABF”) investing is that the lender’s source of repayment is derived from the contractual cashflows of a pool of assets",
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      "text": "Hierarchical structure of Private Credit, Corporate Credit, Direct Lending, Alternative Credit, ABF, Financial Assets, and Hard Assets.",
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      "text": "A key distinction of Asset-Based Finance (\"ABF\") investing is that the lender's source of repayment is derived from the contractual cashflows of a pool of assets",
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      "kind": "title",
      "text": "Key Segments of Asset-Based Finance",
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