Complete news archive
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Strategic alliance
BC Partners Credit joins forces with Piper Sandler
BC Partners Credit, the US$8bn credit arm of global investment firm BC Partners, has formed a strategic alliance with investment bank Piper Sandler to take advantage of an imminent wave of refinancing.
With five-year callable .......
Market Moves 26 November 2024
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Take the highway
Auto loans CRTs make good fit for regionals, but is the end in sight?
News Analysis 25 November 2024
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SRT Journal: A growth market
The fourth of five essays compiled in SCI's inaugural SRT Jo...
Mortgage insurance is as old as the hills, but the provision of financial guarantees or insurance policies on pools of home loans to secure capital relief as a tool of the significant risk transfer (SRT) market is of much more recent vintage. SCI looks at the growth and structural developments in the unfunded mortgage SRT market, but also the .......
News Analysis 25 November 2024
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Job swaps weekly: BBB elevates two to co-chief banking officer
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees The British Business Bank appointing two co-chief banking officers. Meanwhile, Latham & Watkins has poached an experienced White & Case structured credit executive as partner, while Centralis Group has hired a new Ireland Country head.
The British Business Bank has appointed Richard Bearman and Reinald de Monchy as co-chief banking .......
Market Moves 22 November 2024
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Leader of the pack
Digital securitization the star turn in 2024 and the future
News Analysis 21 November 2024
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Robust pipeline
Italian cash SRT market on the rise
Five Italian cash SRT deals closed in the consumer and auto loan space earlier in 2024 (SCI 12 July), and two recent announcements by Stellantis (Auto ABS Stella Loans 2024-2) and CA Auto Bank (A-BEST 25) bring the total to seven confirmed transactions this year for the jurisdiction. Three additional deals – Brignole CO 2024 and Brignole CQ .......
News 20 November 2024
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Variety rules in European ABS
October saw strong momentum in the European and UK ABS and MBS markets, fuelled by diverse issuance
European and UK ABS and MBS markets maintained momentum in October, building on the robust issuance pace set in September, according to monthly European and UK factsheets monitored by SCI.
TwentyFour AM Momentum Bond Fund’s managers state that October witnessed over €17.5bn in ABS and €9.5bn in CLO issuance, pushing the YTD total to over €130bn. Both TwentyFour .......
News 20 November 2024
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SRT: The long view – video
Man Group's Moniot delves into key differences between European and North American SRT
Matthew Moniot, md and co-head of credit risk sharing at Man Group in London, speaks to SCI’s Simon Boughey about the latest trends and developments in the SRT market. Moniot discusses the differences in attitude to – and regulation of – the synthetic securitisation market in Europe and North America, as well as the continuing utility of the mechanism to banks .......
News Analysis 19 November 2024
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Asset migration
Euro mid-market deal flow set to grow
As year-end approaches, the private credit market is poised for continued expansion, with middle-market corporate deals expected to drive much of that growth. Speakers at Morningstar DBRS’ Credit Outlook 2025 in London last week outlined a positive trajectory for the sector, spurred by a global asset migration from public to private markets, maturing private equity portfolios and the overall .......
News 18 November 2024
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CLO manager corner series: Investcorp
CLO market faces loan supply challenges, but outlook remains strong
A limited supply of new loan issuance could challenge the CLO market in the future, with the development of a private equity pipeline needed, according to Investcorp.
Barry Lane, managing director of CLO new issuance in Europe at Investcorp, tells SCI that despite this risk, the current number of deals being marketed, as well as those that have .......
The Structured Credit Interview 18 November 2024
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SRT Journal: Cross-pollination
The third of five essays compiled in SCI's inaugural SRT Jou...
An increasingly favoured solution to banks’ capital needs, the US CRT market is poised for substantial expansion. However, for the CRT market to be scalable to smaller banks and smaller investors, market terms need to standardise.
Historically, Citi has been a regular US SRT issuer, while JPMorgan and Goldman Sachs have tapped the market periodically. However, over the .......
News Analysis 18 November 2024
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Job swaps weekly: Senior Pemberton CLO exec launches Auctus Strategies
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees a former Pemberton Asset Management director launching her own sustainability consulting business. Meanwhile, Atlas SP has given its interim ceo the role on a permanent basis, while Climate First Bank has appointed a former 12five Capital veteran as president of its newly-created structured finance division.
Ex-Pemberton Asset Management director Naomi .......
Market Moves 15 November 2024
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Italian revival
Private credit in real estate finance gaining traction
AXA IM Alts recently acquired a portfolio of Italian real estate loans from an international bank through a securitisation structure, while Société Générale has syndicated another portfolio of Italian real estate loan exposures to a leading international asset manager’s fund. Both transactions – for which A&O Shearman acted as advisor – signal that partnerships between banks and private credit .......
News 14 November 2024
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