Hilco Global launches ABL platform to expand private credit

By Vriti Gothi

Hilco Global has launched an expanded asset-based lending (ABL) platform through its asset management arm, marking a strategic push into private credit markets following its majority acquisition by ORIX Corporation USA.

The platform, is housed within Hilco Global Asset Management and aims to deliver flexible, asset-backed financing solutions to borrowers across industries, spanning both performing credits and distressed or special situations.

The development builds on ORIX’s acquisition of a controlling stake in Hilco Global in September 2025, combining Hilco’s asset valuation and advisory expertise with ORIX’s global balance sheet and asset management infrastructure. The firms said the integration is designed to enhance scale, speed and flexibility in delivering customised financing.

The expanded ABL platform will provide a range of senior secured financing structures, including revolving credit facilities, term loans and bespoke lending solutions. It is structured to underwrite against a broad spectrum of collateral, from traditional assets such as receivables, inventory and real estate to machinery, equipment and intangible assets.

The platform is part of Hilco Global Capital Solutions, one of two divisions created after the ORIX transaction, focused on scaling capital deployment through asset-based private credit. The business will operate globally, with teams across North America, Europe and Asia-Pacific.

The expansion comes amid continued growth in private credit and asset-based lending, as banks face tighter regulatory capital requirements and borrowers seek alternative funding sources. ABL, in particular, has gained traction for its ability to unlock liquidity tied to balance sheet assets, offering structured financing in both growth and restructuring scenarios.

By combining asset-level expertise with institutional capital, Hilco Global’s expanded platform signals a broader trend of convergence between advisory-led firms and capital providers, as competition intensifies in the alternative lending market.