The HALO effect

While investors debate the future of digital disruption across industries and the private credit market grows ever more saturated, one of the more compelling income opportunities may lie in a far less discussed corner of the market: railcar leasing. While not typically considered alongside core infrastructure or private credit, railcar leasing offers something, we believe, many allocators are actively seeking — durable, contract-driven income backed by long-lived physical assets that are difficult to displace or disrupt. Such HALO (heavy asset, low obsolescence) investments are capable of potentially...