Investing in European asset-backed finance (ABF) where market fragmentation creates distinct risk-return opportunities
About
Enhanced standards
Specialist focus
ArxNova is a London-based alternative investment manager founded by structured credit professionals with decades of experience in ABF origination, execution and risk management.
We aggregate niche, mid-market ABF transactions to create a scalable investment program with superior risk-return asymmetry. It requires deep European ABF expertise and market connectivity.
Opportunity
The new frontier in private credit
Historically, private credit growth has been driven by direct corporate lending. As that market matures, we believe the European ABF market, growing rapidly but underpenetrated by private capital due to its complexity, will become increasingly relevant for institutional investors.
Direct Lending AUM
Global Private ABF TAM
2015
$0.0bn
2024
$0.0tn
2023
$0bn
Global Private ABF TAM
2024
$0.0tn
2029e
$0.0tn
Opportunity
ABF focuses on opportunities that complement & diversify direct corporate lending exposures
Consumer Finance
Customer Loans
Auto Loans
Credit Cards
Other Loans |
Real Estate Related Lending
Commercial (SME) Finance
Contractual Cash Flows
Hard Assets
Other ABF
Team
Seasoned credit expertise
As a team of ex-Goldman-Sachs sector specialists, our skill-set, banking relationships and experience will enable us to generate alpha in a complex and fragmented market.



Luca Lombardi
Founder & CIO
Luca has over two decades of experience in global credit markets. Before co-founding ArxNova, he spent 21 years at GS, where he was Partner and Global Co-Head of Credit, Mortgage and Commodity Finance with oversight for EMEA and Asia. He also served on several senior investment, management and risk committees. Luca holds a BSc in Economics from University College London and an MPhil in Financial Engineering from Trinity College, Cambridge.

Luca Lombardi
Founder & CIO
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Luca has over two decades of experience in global credit markets. Before co-founding ArxNova, he spent 21 years at GS, where he was Partner and Global Co-Head of Credit, Mortgage and Commodity Finance with oversight for EMEA and Asia. He also served on several senior investment, management and risk committees. Luca holds a BSc in Economics from University College London and an MPhil in Financial Engineering from Trinity College, Cambridge.

Enrico Orlandi
Founder & PM
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Jonathan Donne
Founder & COO
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