Weekly Issue Archive

News Analysis

Capital Relief Trades

  • Rising liquidity and PDs open door to secondary SRT plays

    Early signs of stress in portfolios prompt investors to rotate capital

    Early signs of stress in SRT portfolios appear to be prompting investors to rotate capital. Higher PDs in legacy buckets during periods of improving liquidity could create new opportunities for firms to tap into SRT secondary market trades. ...

  • CLOs: Fourth-quarter data shows strengthening issuance amid reset wave and rising private credit activity - SCI Analytics

    Inaugural SCI Analytics CLO quarterly report underlines structural evolution of middle market segmen...

    The global CLO primary market surpassed US$600bn in gross supply last year, according to data compiled in the inaugural SCI Analytics quarterly CLO report, with US$197bn in newly issued paper placed as of 1 December. The fourth quarter marked a parti...

  • Willis Lease Finance bets big on aviation engine finance

    US engine lessor partners with Blackstone and builds scaled third-party capital platform

    Florida-based aircraft engine lessor Willis Lease Finance Corporation is reshaping itself by building an asset management business. The firm has struck partnerships with Blackstone Credit & Insurance (BXCI) and Liberty Mutual Investments, tot...

  • Ex-Accunia exec delays plans for €100m CLO launch

    Christian Grane halts launch after operational challenges setting up

    Ex-Accunia pro Christian Grane has halted plans to launch a new CLO equity fund, SCI has learned. Grane Capital I was due to launch in the latter half of last year. However, it has now been delayed due to operational difficulties setting up, source...

  • SCI In Focus: AI disruption tests SRT resilience as hidden risks build

    AI disruption is challenging borrower resilience, while SRT structures may delay visibility of emerg...

    Artificial intelligence is emerging as both a source of structural credit risk and a powerful monitoring tool, forcing lenders and structured credit investors to rethink how deterioration is identified, priced and managed across portfolios. AI-driven...

  • Great rotation quietly redraws SRT landscape

    Monthly roundup of SRT market activity

    Improving liquidity and early signs of portfolio ageing are increasingly feeding into secondary SRT market activity, prompting greater capital rotation and renewed scrutiny of legacy exposures. Secondary trading is gaining modest traction,...

SRT Market Update

Capital Relief Trades

  • Soft winds fill Japan's SRT sails

    SRT market update

    Mitsubishi UFJ Financial Group (MUFG) is close to finalising a synthetic securitisation referencing a corporate loan portfolio exceeding US$2bn, SCI has learned. The transaction is expected to include a mezzanine tranche of roughly US$150m-US$200m...

  • A discreet strengthening of Europe's SRT cycle

    SRT market update

    BNP Paribas is coming to market with a new SRT transaction referencing a €1.5bn portfolio of Lombard loans, SCI has learned. The deal is expected to feature a mezzanine tranche of around €200m, although sizing remains subject to o...

  • A fresh Polish pulse stirs the SRT market

    SRT market report

    Bank Pekao is expected to approach the market with a landmark synthetic securitisation transaction this year, SCI has learned. The transaction is understood to reference a mixed portfolio of corporate loans and real estate exposures. Sources famili...

News

Asset-Backed Finance

  • Aero doubles target for US$1bn leasing fund

    Aero Capital Solutions V to launch in H2 focusing on commercial aircraft

    Aero Capital Solutions has set a US$1bn target for its next aircraft leasing fund, doubling its predecessor, SCI has learned. Aero Capital Solutions V is scheduled for takeoff in H2 and has pencilled in a first close for Q3, looking to raise a mini...

  • ABF Deal Digest: Upstart enters US$200m forward flow with Wafra

    A weekly roundup of private asset-backed financing activity

    This week’s roundup of private ABF activity sees Upstart enter into a 12-month forward flow agreement with Wafra. Elsewhere, Crestline Investors facilitated a US$225m NAV loan to a US family office, while Barings and Homestead Capital have...

  • Basel Endgame rewrite to ease capital, securitisation impact limited

    Regulators are preparing a softer Basel Endgame rewrite, offering modest mortgage relief and limited...

    US regulators are preparing a more industry-friendly rewrite of the Basel 3 Endgame capital framework, with modest mortgage relief expected but little change to securitisation rules, market participants say. The proposal has been submitted to the O...

  • Northern Trust adds compliance and waterfall tools to CLO platform

    Bolstered middle office services will help asset managers streamline workflows associated with manag...

    Financial services firm Northern Trust has announced it is upgrading its Omnium technology platform with two new features to streamline asset managers’ compliance and operational workflows. Tapping into growing investor interest in the CL...

Talking Point

Asset-Backed Finance

Market Moves

Structured Finance


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