In this episode, Wealth Advisor Mike Rudow sits down with John Ahn, Founder and CEO of WhiteHawk Capital, to explore how asset-based lending offers a uniquely resilient approach to private credit. John explains why WhiteHawk underwrites every loan to the worst-case scenario and how focusing on real, liquid collateral has allowed them to never lose money on a loan, even when borrowers fail. This conversation provides insight into how downside protection drives durable income.

Tune in if you’re interested in…

• How asset-based lending differs from traditional private credit
• Why collateral quality and liquidity matter more than company success
• How WhiteHawk has generated returns even through bankruptcies
• The role of covenants, loan-to-value discipline, and ongoing monitoring
• Why dislocation in credit markets can benefit asset-based lenders