Weekly Issue Archive
News Analysis
CLOs
-
CLO secondary depth improves as triple-A activity dominates
BWIC activity shows lower DNT rates and stronger price discovery
CLO market liquidity remains resilient as 2025 secondary trading volumes continue to climb across US and European markets, supported by strong new issue supply and the rapid growth of passive investor participation. In its latest CLO market liquidi...
-
BciCapital targets CRE NAV gap in US market
Structured products platform deploys US$2bn as it carves a niche in bespoke ABF
BciCapital is rapidly gaining traction in the US asset-backed finance market, after deploying nearly US$2bn since launching in mid-2024. Bolstered by 16 recently recruited practitioners from various global and foreign investment banks, the platform h...
-
EIB eyes Baltics as next SRT frontier
Bank scaling up activity amid push to open emerging markets
The European Investment Bank (EIB) is seeking to scale up its synthetic securitisation activity across the Baltics, as the region emerges as a prominent frontier for structured credit in Europe. The bank sees attractive opportunities across Lithuania...
-
SRT: Identifying comps as yields tighten - video
Alantra's Jeremy Hermant speaks to SCI about comparative value and pricing in a climate of SRT yield...
Jeremy Hermant, special advisor with SRT arranger Alantra, speaks to Simon Boughey, SCI US editor, about comparative value and pricing in a climate of SRT yield tightening. He discusses which areas of the yield curve are compressing faster than ot...
-
Enpal debuts first public solar and heat pump ABS
Golden Ray 2 marks the next stage in funding Europe's renewable energy transition
Enpal is in the market with its highly-anticipated second consumer ABS, Golden Ray 2, marking the first public securitisation to include both residential solar and heat pump loans. The €302.9m transaction is backed by receivables or...
SRT Market Update
-
UK mortgage lenders at the forefront
SRT market roundup
The busiest quarter of the year in the global SRT market continues to fail to disappoint, with deals, rumours of deals and successful fund-raising by SRT-dedicated investors. Deals referencing UK RMBS and CRE assets seem to be the talk of the town...
-
Pearl Diver targets SRT strategy as LP demand strengthens
SRT market update
Pearl Diver Capital, the investment manager which last week announced the closing of its Pearl Diver Aquanaut Fund, plans to scale this flagship vehicle over the next two to three years through a growing pipeline of global risk transfer opportunities...
-
Number four at Newmarket
SRT market update
Newmarket, the well-known US SRT investor, this week announced the closing of its fourth investment fund directed at SRT products, with over US$1bn in commitments. The so-called Fund IV, described by the firm as a “commingled fund and ass...
News
Asset-Backed Finance
-
Chenavari eyes new evergreen ABF fund
Preparing for early 2026 launch, strategy incorporates SRT transactions
Chenavari Investment Managers is eyeing the launch of a new evergreen asset-backed finance fund. Called Chenavari European Debt Opportunities Fund, it is set to launch in early 2026, with the firm seeking to raise €500m in its first year. ...
-
ABF Deal Digest: Shentel launches inaugural fibre network ABS
A weekly roundup of private asset-backed financing activity
This week’s roundup of ABF activity sees Shenandoah Telecommunications Company debut a secured fibre network revenue term notes offering, with an anticipated repayment date in December 2030. Elsewhere, ASOS has refinanced its asset-backed l...
The Structured Credit Interview
Asset-Backed Finance
-
Cutting through the complexity
Thomas Picton, partner at Paul Hastings, answers SCI's questions on the evolution of the ABF market
Q: You joined Paul Hastings earlier this month, at a time of expansion in the asset-backed finance market. What drew you to the firm's platform specifically?A: Paul Hastings is preeminent in CLOs in Europe and in the US, and has been for some time. I...
Provider Profile
ABS
-
Inside EDW UK's strategy: bringing transparency to private credit
Nigel Batley, executive director of EDW UK, answers SCI's questions
Q: You were named executive director of European DataWarehouse UK in September, taking over from Markus Schaber. What made this the right time - and the right role - for you?A: Honestly, I was sceptical at first - because if you think about the origi...
Market Moves
Structured Finance
-
Job swaps weekly: Amundi and ICG ink long-term partnership
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Amundi and ICG launch a long-term partnership that will see the former acquire a minority stake in the latter. Elsewhere, a former Emso Asset Management portfolio manager is to launch a n...
-
Former Emso credit head begins fundraising
Marco Lukesch is working with IQ-EQ on a multi-currency credit strategy
Former Emso Asset Management veteran Marco Lukesch is launching a new asset-backed finance fund. Lukesch, who left Emso in March after eight years as portfolio manager and head of private credit, is actively seeking investors for the new multi-curren...