Alternative Fund Advisors ("AFA") announced that the AFA Private Credit Fund has been renamed AFA Asset Based Lending Fund (AMCLX) to help investors quickly recognize the fund's strategy amid the growing number of private credit options available in the market.

"Asset-based lending is increasingly viewed as the next frontier of private credit," says Marco Hanig, CEO of Alternative Fund Advisors.  "As investors seek to diversify their private credit portfolios, asset-based lending presents an attractive alternative to corporate direct lending."

The AFA Asset Based Lending Fund focuses primarily on loans to lower middle market borrowers served by boutique lending platforms. "We believe that ecosystems of borrowers with specialized needs and lenders with unique expertise are less heavily competed and may provide opportunities for attractive risk-adjusted returns," Hanig added.