Bayview Asset Management, a $20bn credit-focused investment firm, is exploring strategic liquidity options, including the potential sale of a minority equity stake, according to a report by Bloomberg citing unnamed sources familiar with the matter.
The Coral Gables, Florida-based firm – led by Chairman and CEO David Ertel – is also weighing other alternatives such as a net asset value (NAV) loan, a structure increasingly used by private capital managers to unlock liquidity without diluting ownership, the sources said. Discussions are ongoing and no final decisions have been made.
Bayview, known for its investments across residential, consumer, and commercial credit, manages exposure to whole loans, structured products, credit risk transfers, and mortgage servicing rights, among other strategies.
The move comes as a growing number of private credit managers look to sell minority stakes or raise capital to support platform growth, product diversification, and enhanced distribution capabilities. Such transactions are also being driven by broader industry consolidation and heightened demand for scale in private credit markets.
Bayview recently signalled its intention to expand by launching a fund finance division, a fast-growing area within asset-based finance. The firm tapped former executives from 17Capital and JPMorgan Chase to lead the new initiative, underscoring its ambition to broaden its private markets offering.
