Blackstone Asset Based Finance Superday

Hi all,

Have an upcoming superday for Blackstone Structured Finance Group, Asset Based Finance. It's a fairly new group and I haven't been able to understand exactly what they do, but from my first round it seems like they invest in pooled loan obligations, like car loans? I would love to hear if anyone might have a better idea of what this group does, as well as what kind of technicals I should expect. I've pasted the relevant parts of the posting below:

Business Unit Overview: Asset Based Finance (“ABF”) sits within Blackstone Structured Finance Group (“SFG”), which manages the Firm’s $85B asset and mortgage financing business. Since 2017, ABF has scaled to apx. $25B AUM, focused on privately originated, income-oriented credit assets secured by physical or financial collateral. ABF primarily invests in senior secured debt across a broad spectrum of high-conviction sectors (e.g., consumer lending, fund finance, digital infrastructure, solar, etc.)

Primary responsibilities will include:

• Working with the team to perform due diligence on prospective investments within the credit space, with a focus on Structured Credit. This will include meeting with potential borrowers and their teams, industry/strategy research, and quantitative analysis
• Modeling and evaluating various types of deal structures
• Structuring and negotiating deal term sheets
• Reviewing credit agreements and other loan documentation
• Working with other members of the Investment Team to source, diligence, and underwrite investment opportunities, leveraging Blackstone’s various groups where appropriate
• Drafting and presenting memorandums for Investment Committees
• Monitoring existing investments including tracking key risks/mitigants and continuously challenging the validity of the investment thesis
• Thinking creatively about ways to improve the team’s existing processes

Thanks in advance!