Advertisement

Weekly Issue Archive

News Analysis

Asset-Backed Finance

  • Paul Hastings taps Reed Smith fund finance veteran

    Leon Stephenson is set to join in London as the firm expands its ABF capabilities

    Paul Hastings has tapped Reed Smith fund finance veteran Leon Stephenson as it looks to expand its fund finance capabilities, SCI has learned. Stephenson is set to join the firm based in its London office after over two decades with Reed Smith as a...

  • Fund finance takes centre stage

    How LP pressure, hybrid structures and a crowded lending market are redrawing the space

    Fund managers are rebuilding their financing books around asset-backed facilities, and the pressure is coming from their own investors. That is the message from a panel of senior practitioners in private credit fund finance at the 10th Annual Europ...

  • SCI In Conversation Podcast: Jair Martinez, Finacity

    We discuss the hottest topics in securitisation today...

    In this episode of SCI In Conversation, ABF Lead Reporter Marina Torres speaks with Finacity cco Jair Martinez to discuss the growth of digital platforms in ABF and trade receivables. Martinez discusses the rapid evolution of digital platforms in the...

  • Isolated single-B losses emerge in European CLOs

    First class F write-down tests European CLO market as second deal follows suit

    Two European CLOs have run into trouble with their junior-most debt tranches as class F noteholders are set to take a haircut on their principal in what has been described as an “inflection point” for the European CLO market. Ba...

  • ABF Deal Digest: Shawbrook cuts £11m services facility, while Neuberger launches aviation JV

    A weekly roundup of private asset-backed financing activity

    This week’s roundup of private ABF activity sees Hope Capital Property Finance upsize a senior funding line facilitated by Triple Point. Meanwhile, Shawbrook has provided an £11m asset-based lending facility to Shawston Group, whi...

  • Behind the rebound: private credit returns are not 'jumping off the pages'

    Interval fund returns cool as fee scrutiny builds, but ABF holds its ground

    Alternative credit indices bounced back in the second quarter of 2026, retracing the spread widening that hit markets earlier in the year, according to the new Alternative Credit Fund Peer Groups: Q2 2026 Performance Report by Gapstow. A closer loo...

SRT Market Update

Capital Relief Trades

  • Market sources reinforce speculation over landmark UK unfunded RMBS SRT

    SRT market update

    NatWest appears set to move ahead with what would be one of the UK's first unfunded SRT transactions backed by residential mortgages, with market participants increasingly confident the deal is progressing following speculation that first emerged las...

  • Canadian asset manager expands risk transfer ambitions with multi-strategy platform

    SRT Market update

    RBC BlueBay is building a multi-strategy risk transfer platform designed to provide institutional investors with systematic access to lending assets originated by parent Royal Bank of Canada, SCI has learned, with subscription line financing expected...

  • US regional teams up with 400CM

    OceanFirst debuts in SRT with home loan deal

    OceanFirst, a US$23bn New Jersey-based lender, has completed a debut capital relief trade referencing a US$1.5bn portfolio of residential loans in collaboration with alternative asset manager 400 Capital Management (400CM). The deal comprises two s...

  • Repeat SRT issuer completes record project finance synthetic securitisation

    SRT market update

    BBVA has completed its largest synthetic securitisation backed by a project finance portfolio to date, transferring credit risk on a €2bn pool of loans as part of its ongoing capital optimisation strategy. The on-balance sheet synthetic se...

  • Market details emerge on Spanish consumer loan SRT backed by public guarantee

    SRT market update

    The European Investment Fund (EIF), part of the European Investment Bank Group (EIB Group), has confirmed that the €200m securitisation transaction it announced this week relates to CaixaBank Consumo 7, F.T., revealing that the operation is...

News

ABS

  • International ABS supply starts second half of year sturdily as mezz demand holds

    Record first-half issuance gives way to a healthy summer pipeline, although demand is becoming incre...

    European and Australian ABS issuance has carried first-half momentum into July, with new supply continuing to clear despite senior softness and growing dispersion across different sectors. Entering the quiet part of the year, international ABS prim...

  • Latest SRTx fixings released

    SRT market enters second half of year on firmer footing, with June reinforcing improving sentiment

    The latest SRTx fixings for June paint a picture of an SRT market entering the second half of the year on a firmer footing, with investors reporting lower volatility expectations, sharp improvement in perceived credit risk and stronger liquidity cond...

  • Senior securitisation industry figure to leave KPMG

    Firm is yet to confirm succession plan for outgoing industry veteran

    Alec Innes, a partner in KPMG UK's financial services consulting practice focused on balance sheet optimisation and restructuring, has gone on gardening leave, SCI has learned. A spokesperson for KPMG confirmed the development. However, at the time...

  • KPMG loses balance sheet optimisation leader to Alvarez & Marsal

    Alvarez & Marsal has bolstered its financial services practice with two senior recruits from KPM...

    Alec Innes, the former KPMG UK partner specialising in balance sheet optimisation and restructuring, is set to join Alvarez & Marsal (A&M) as head of risk, regulatory and finance consulting, SCI has learned. The appointment follows...

  • BBB sees hybrid ENABLE model as bridge to mature UK SRT market

    The British Business Bank sees hybrid guarantees as a bridge towards a mature UK challenger bank SRT...

    The British Business Bank (BBB) expects its hybrid ENABLE Guarantee structure to help develop a broader UK market for significant risk transfer by encouraging greater participation from institutional investors while preparing challenger bank...

  • Luxembourg securitisation reforms strengthen CLO and ABS appeal, says A&O Shearman

    Draft legislation aims to remove structural constraints, making Luxembourg a more attractive domicil...

    Luxembourg is taking another step to strengthen its position as a leading European securitisation hub, with proposed legislative changes that will make the jurisdiction "more usable" for CLOs, ABS and increasingly complex structured finance transacti...

  • Top-tier EU CLO managers lead tighter single-B BWIC prints

    Poh-Heng Tan from CLO Research provides insights on EU CLO single-B BWIC colour

    This week saw 22 line items of longer-dated EU CLO single-B bonds, totalling EUR 66.8 million, trade with released cover levels, according to SCI’s BWIC data. All of the bonds have reinvestment periods ending in 2029 or 2030. DMs ranged fro...

  • Resi eyes regular RMBS issuance following debut $A500m transaction

    CEO Campbell Smyth says the lender expects to access the public RMBS market at least twice a year fo...

    Resi plans to become a regular issuer in the Australian RMBS market after completing its inaugural public transaction last Friday, with ceo Campbell Smyth telling SCI the lender expects to access the market at least twice a year as part of a long-ter...

Talking Point

ABS

  • SCI in Focus: How Angle Auto Finance puts Australian auto ABS on the global map

    Regular issuance, prime auto collateral and a diversified international investor base have made Pano...

    Angle Auto Finance has built its global ABS profile over the last five years through its Panorama Auto Trust programme, as global investors increase their exposure to Australia’s expanding non-bank auto finance sector. The firm’...

Market Moves

Structured Finance

  • Job swaps weekly: Alvarez & Marsal raid KPMG talent, Man Group shake-up

    People moves and key promotions in structured credit

    There have been some significant shifts  in personnel across structured finance this week, but leading the pack is the news that Alvarez & Marsal has augmented its financial services practice by securing the services of Alec Innes, f...

  • Man Group's CLO operations head departs

    Departure follows a series of changes across the firm's European CLO investment team since 2023

    Man Group’s head of CLO operations, Niels van den Ouweland has stepped down after 19 years in the role, SCI has learned. Based in Zug, Switzerland his next move is yet to be confirmed. His departure follows other recent changes in Man G...


×