Weekly Issue Archive

Deer Park CLO equity outshines peers with stellar returns and high transparency

Poh-Heng Tan from CLO Research provides insights on EU CLO equity BWIC highlighting Blackstone's Dee...

Last week saw several EU CLO equity tranches trade with released cover bids, which are generally viewed as good market practice. Covers are often withheld when investors want to keep the colour, when they are too low, or when traded levels differ sig...
IP rights and royalties ABS: private shift - video

MetLife Investment Management's Priya Desai speaks to SCI about the private market, IP-backed deals ...

Priya Desai, md at MetLife Investment Management, speaks with SCI’s Marta Canini about the evolving landscape of intellectual property securitisation. She discusses her recent move from MetLife’s public structured finance team...
Dechert guides first reinvesting private credit CLO as investor interest accelerates

Innovative reinvestment structure and non-traditional features highlight growing flexibility in the ...

Law firm Dechert has advised Ares Management on its first European private credit CLO, a deal that builds on the groundwork laid by the landmark Barings transaction late last year and demonstrates growing investor and manager interest in pri...

UniCredit and PGGM join forces again

SRT market update

UniCredit Bulbank and PGGM have finalised €2.1bn SRT referencing a portfolio of corporate and SME loans granted to clients in Bulgaria. In terms of structure, the issuer retains the first loss and senior tranches, while...

ABF emerges as go-to strategy for evergreen private credit funds

Open-ended private credit vehicles draw institutional and retail capital with repeatable, cash-flowi...

Asset-backed finance (ABF) strategies are gaining momentum in the growing market for evergreen funds – open-ended vehicles that are increasingly appealing to both institutional investors and private credit managers. Unlike closed-end funds,...
EIF builds SRT pipeline across Europe, eyes riskier tranches and new regions

EIF continues to drive SRT growth

The European Investment Fund (EIF) expects to close at least 15 synthetic securitisation transactions this year across both mature and emerging European markets, with jurisdictions across Southeast Europe and the Nordics on its radar. Fro...
Latest SRTx fixings released

Risk indexes project improvement

As unusual as this year has seemed thus far, the credit markets continue to remain resilient. Looking back at the month of June, market commentators highlight that SRT market dynamics were heavily influenced by technical factors...

US insurers love mortgage structured products

Annuity providers lead the charge into resi mortgage assets

Ellington Management Group is a US$15bn credit fund based in New York. Over the past ten years, it has taken an increasingly prominent role in the mortgage-related structured products market, both for its own account, and, more latterly, on behalf of...

Job swaps weekly: Akin appoints ABF-focused partner

People moves and key promotions in securitisation

This week’s roundup of securitisation job swaps sees Akin Gump Strauss Hauer & Feld hiring a new partner to ramp up its ABF offering. Elsewhere, an industry veteran has left their role at Cadwalader Wickersham & Taft to take...