Weekly Issue Archive

News Analysis

CLOs

  • BWIC shows MVOC, WAL driving spread dispersion in active double-B CLO trading

    With last week's activity showing active BWIC trading in both long- and short-dated double-B tranche...

    US CLOs: Weak MVOC, cover prices below par; WAL ~6.25–6.5 years Deal/Tranche ID MVOC Price Dealer DM | WAL Reinv End Date AGL 2022-17A ER 1...

  • SCI in Focus: Cloudy days for US solar market

    Sunnova/Mosaic bankruptcies illuminate sector frailties

    Holders of ABS issued by Sunnova and Mosaic, both of which filed for chapter 11 at the beginning of last month, will be protected by bankruptcy remote SPVs, but the events have shuddered the US solar market and issuance in 2025 will be well down on r...

  • CLO issuance surges past midyear milestones as market eyes record 2025

    US and European volumes race ahead of forecasts, with analysts predicting a strong finish despite vo...

    The CLO market is moving at a vigorous pace, with many market analysts revising their projections upwards for the rest of the year. As of end of June, the number of CLO deals stands at 670, beating out the record-breaking rate recorded last year (553...

  • SCI in Focus: ABF momentum builds as esoteric assets go mainstream

    NorthWall and DoubleLine push beyond bank retrenchment into niche credit

    The definition of ABF is widening fast, as investors embrace a growing mix of sectors, structures and strategies across both private and public markets. From granular consumer loan portfolios to edge compute data centres and even healthcare recei...

  • Brazil's private credit growth attracts global investment giants

    KKR joins rush into Brazil's expanding private credit market

    Brazil's structured credit market is experiencing sustained growth, with private credit funds capturing R$323.1bn in net inflows during 2024. This momentum, driven by regulatory changes and the rising popularity of the asset class, is also prompting...

SRT Market Update

Asset-Backed Finance

  • US esoterics: up and ever up for digital infrastructure - video

    Kirkland & Ellis's Mellecker speaks to SCI about developments in the digital infrastructure mark...

    Kelly Mellecker, a partner at Kirkland & Ellis in New York, chats to Simon Boughey, SCI US editor, about recent developments in the digital infrastructure market - the MVP of the esoteric sector. She talks us through seemingly irresistible...

News

Asset-Backed Finance

  • Funding Circle and Deutsche Bank ink £200m deal to boost UK SMEs

    Forward-flow agreement secures funding for small businesses, backed by AI-driven credit models

    Funding Circle, one of the UK’s largest SME lending platforms, has announced a £200m forward flow agreement with Deutsche Bank, solidifying a decade-long partnership aimed at expanding credit access for UK small businesses through...

  • Reckoner unveils first leveraged triple-A tranche CLO ETF

    The actively managed vehicle deploys financial leverage to double the fund's exposure - typically ta...

    Reckoner Capital Management has launched the Reckoner leveraged AAA CLO ETF (RAAA), its first US-listed fund providing leveraged exposure to triple-A rated CLO debt tranches through an ETF wrapper. RAAA is among the first structured credit ETFs to...

Talking Point

ABS

  • Regulatory reform set to 'begin delivering'

    European ABS on the cusp of a steady but meaningful evolution

    European public securitisation volumes are expected to start building steadily over the next five to seven years, as long-awaited regulatory reform finally begins delivering. The evolution of the market is also likely to receive a boost from the emer...

  • New GW&K fund targets retail securitized buyers

    B3E still deters bank buyers of agency MBS

    Boston-based investment manager GW&K last month unveiled a new investment grade securitized fund targeted at separately managed accounts (SMAs) and is evidence of the increased reach and popularity of structured finance instruments. The GW&...

The Structured Credit Interview

Asset-Backed Finance

  • Balbec rapidly deploying Fund VI amid mortgage and consumer debt surge

    Asset-based credit firm leans into smaller, operationally complex deals while scaling CRE debt strat...

    Balbec Capital is ramping up activity across all corners of the residential loan market, CRE loans, consumer NPLs and secondary portfolios from struggling lenders, after having deployed over half of its sixth flagship fund. Despite a tough fundraisin...

Market Moves

Structured Finance

  • Job swaps weekly: Man Group snaps up Bardin Hill

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Man Group acquiring US private debt manager Bardin Hill. Elsewhere, Moody's Ratings has appointed a global head of its financial institutions group, a global head of its structured financ...


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