Complete news archive
-
SCI in Focus: Securitisation and private credit in lockstep for Europe's data centre future
Experts weigh in on public versus private deals, geopolitica...
As Europe's data centre market continues to evolve, industry insiders say the continent will likely emerge as a diversification play alongside the US, with multiple European countries on the radar. Private credit and securitisation are both likely to play increasingly important roles in the build-out of the market.
According to Darrell Purcell, director EMEA structured .......
News Analysis 2 April 2025
-
SCI In Conversation Podcast: Stephen Usher, BC Partners
We discuss the hottest topics in securitisation today...
In this episode of the SCI In Conversation podcast, SCI associate editor Marta Canini speaks to Stephen Usher, md on the investment credit team at BC Partners, about the evolution of private credit.
Usher discusses growing opportunities in specialty finance and asset-backed lending, and how these trends align with BC Partners’ long-term growth strategy. He also shares .......
News Analysis 2 April 2025
-
Standardisation key to ABF evolution
Technology driving the 'best outcome' for borrowers
The ability to be nimble is proving to be a competitive edge in the burgeoning ABF market. Participants in a recent SCI webinar on private credit highlighted the important role data and technology are playing in the evolution of this sector.
“Our goal is to double or triple our AUM, without the headcount growing commensurately,” said News 2 April 2025
-
Canyon Partners closes nearly US$1bn CLOs across US and Europe
The latest deals bring the firm's CLO AUM to over US$10.9bn
Canyon Partners has today closed two of its CLOs totaling nearly US$1bn. With these closings, the firm now manages over US$10.9bn in combined CLO AUM through 24 active CLOs.
Arranged by Bank of America, Canyon Euro CLO 2025-1 is Canyon's first new issue CLO of the year, with a 1.5-year non-call period and 4.5-year reinvestment period. Canyon CLO .......
News 31 March 2025
-
Job swaps weekly: Morgan Lewis snaps up former SEC lawyer
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Morgan Lewis hiring a structured finance specialist and former SEC special counsel as partner. Elsewhere, Marathon Asset Management has promoted a long-standing senior portfolio manager to partner, while Close Brothers Property Finance has added two senior professionals to its new structured finance team in London.
Morgan Lewis has hired the .......
Market Moves 28 March 2025
-
SRT disclosures reviewed (UPDATED)
Pillar 3 survey underlines Santander's dominance
News 28 March 2025
-
-
Lincoln Financial preps pair of private-market funds
Insurer aims to offer retail investors exposure to private credit, ABF and IP royalties by late 2025
Lincoln Financial is preparing to launch two new evergreen funds in partnership with Bain Capital and Partners Group by late 2025. The funds will offer retail investors access to high-barrier sectors, including asset-backed finance (ABF) and royalty-based investments, traditionally limited to institutional investors. By tapping into its network of 60,000 financial advisers, the life insurer aims to offer individual .......
News 28 March 2025
-
SCI in Focus: Data centre securitisation - ESG risk or green opportunity?
Growing appetite for deals brings environmental commitments...
As data centre securitisation gains traction, some of the most prominent voices in the ESG movement are now at the forefront of this growing market. While the industry’s energy intensity may seem at odds with sustainability principles, ESG remains a fundamental consideration in the structured finance business – though now less prominent as a marketing tool.
News Analysis 28 March 2025
Firstmac's 'Eagle' spreads wings in commercial SMSF market
A$1bn transaction sees mortgage lender turn to international investors in expansion of programme
Firstmac priced its largest RMBS deal to date earlier this month, in a deal that saw the mortgage lender expanding its investor base overseas. The A$1bn Australian prime RMBS transaction – Firstmac Mortgage Funding Trust No 4 Series Eagle No 5 – was backed by self-managed super fund (SMSF) loans and upsized from A$500m due to strong .......
News 27 March 2025
Insurer appetite for SRTs on the rise
IACPM survey shows substantial growth of unfunded protection
Insurer provision of unfunded protection on tranches of SRT transactions has increased significantly year-on-year. The number of protections sold rose to 82 new subscriptions in 2024, versus 45 the previous year, according to the IACPM’s latest Global SRT Insurance Survey.
Respondents insured €2.8bn of European SRT transactions last year, compared to €1.2bn in 2023. The average insured amount .......
News 27 March 2025
SCI In Conversation Podcast: Jason Smilovitz and Midroog's Moty Citrin (part 2)
We discuss the hottest topics in securitisation today...
In the second part of this episode of the SCI In Conversation podcast, SCI’s Selvaggia Cataldi continues her discussion about Israel’s securitisation market with Moty Citrin, head of financial institutions and structured finance at Moody’s subsidiary Midroog, and independent senior securitisation consultant Jason Smilovitz.
Citrin and Smilovitz discuss the impact of the country's recent legislative changes, investor sentiment, market liquidity, .......
News Analysis 27 March 2025
Uncovering drivers behind recent EU CLO double-B and equity tranche performance
Poh-Heng Tan from CLO Research provides insights on recent secondary trading
In the evolving world of European CLOs, secondary market dynamics offer a telling glimpse into investor sentiment and relative value. Recently, trading activity in double-B and equity tranches has revealed notable pricing trends and performance disparities.
For instance, based on SCI BWIC data, CRNCL 2018-10X E (Cairn CLO X) traded at noticeably tighter DM levels (based on .......
Talking Point 26 March 2025
Finance Ireland's second auto ABS signals growing EV momentum
Latest deal strengthens issuer's ABS framework, boosts investor demand, and drives EV exposure
Finance Ireland has recently priced its second auto ABS transaction, marking another milestone in its securitisation program. Following its debut deal in October 2023, the latest issuance reflects refinements based on investor feedback and past performance, further solidifying the issuer's presence in the European ABS market.
The structuring of the new deal closely mirrors Finance Ireland’s previous auto .......
News Analysis 25 March 2025
Marketplace lending entering 'cautious phase'
Castlelake and PGIM warn of cracks in MPL sector as fintech models face recalibration
Marketplace lenders are entering a more cautious phase in 2025 as the rapid evolution of their business models and loosening credit standards appear to be dampening investor confidence. While private credit firms continue capitalising on falling senior financing costs and sustained demand for non-bank lending, concerns are mounting around potential impacts on the MPL segment.
"As marketplace lending .......
News 24 March 2025
Job swaps weekly: Gandy returns to the SRT fold
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees SRT veteran Steve Gandy return to the industry as a board member at an SRT-focused fintech business. Elsewhere, Simpson Thacher & Bartlett has appointed a New-York-based securitisation-focused partner, while Trafigura Group has named a new global head of structured finance.
Iconicchain, a Finnish fintech specialising in SRT services for issuers, .......
Market Moves 21 March 2025
SCI In Conversation Podcast: Moty Citrin, Midroog, and Jason Smilovitz, independent consultant
We discuss the hottest topics in securitisation today...
In this episode of the SCI In Conversation podcast, SCI’s Selvaggia Cataldi speaks to Moty Citrin, head of financial institutions and structured finance at Moody’s subsidiary Midroog, and independent senior securitisation consultant Jason Smilovitz about the evolution of Israel’s securitisation market. In light of a new law aligning the country with global standards, Citrin and Smilovitz discuss how the legislative .......
News Analysis 21 March 2025
Eldridge expands ETF offering providing European investors access to triple-A rated CLO tranches
Eldridge expands ETF offering in Europe with TAAA, targeting...
To offer non-US investors access to triple-A rated CLO tranches with tax advantages over US-registered ETFs, Eldridge has launched its first actively managed fixed income ETF in Europe, the AAA CLO UCITS ETF (TAAA).
Speaking to SCI, the firm highlights it anticipates that investor interest will continue to grow as they learn more about the asset .......
News Analysis 21 March 2025
European and UK ABS robust in February amid diverging outlooks
European and UK ABS and MBS markets maintain their...
February proved to be a strong month for European and UK ABS and MBS markets, with spreads tightening and issuance levels exceeding the previous year, according to monthly fact-sheets monitored by SCI.
Aegon reports that European ABS markets performed strongly despite broader market volatility, noting that non-senior tranches saw higher demand than senior tranches. TwentyFour echoes this, stating that mezzanine ABS .......
News 20 March 2025
SCI in Focus: Specialist RMBS set for robust 2025
Non-bank lenders to see continued growth amid strong investor appetite and ongoing innovation
The UK’s specialist lender RMBS market saw a year of strong activity in 2024, with new issuers entering the space, solid investor demand and attractive spreads – a trend that is expected to persist in 2025. In particular, niche lending to underserved borrower segments is expected to see growth.
Total European RMBS issuance reached €122.6bn last year, .......
News Analysis 20 March 2025
New auto loan deal for Huntington
Midwest lender comes back to reg cap market after 2024 debut
News 19 March 2025