Issue 916 - 23rd August
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News Analysis
- Capital Relief Trades
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A buyer's market
Chorus Capital concludes fundraising
Chorus Capital (Chorus) has successfully concluded fundraising for Chorus Capital Credit Fund V (the fund), its latest dedicated risk-sharing fund. Through this fundraising, the firm has raised c. US$2.5bn of capital commitments across parallel veh...
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Shot across the bows
US Senator Jack Reed urges the Fed to place additional guardrails around CRTs
Senator Jack Reed (D-RI) has called on the Federal Reserve to create stricter regulations on credit risk transfer (CRT) transactions. The US senator made the calls in a letter to the Federal Reserve, in a development that comes nine months after he w...
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Diverging markets?
SRT investor-issuer relationships evolving
A common gripe among SRT practitioners is that the flood of new investors to the sector has suppressed spreads. However, some believe it has impacted investor-issuer relationship dynamics too. According to one market participant, this difference in...
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- Capital Relief Trades
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SRT Market Update
- Capital Relief Trades
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Gearing up
SRT Market Update
Heading into the autumn months, the SRT market is gearing up for a bustling end to the year, in spite of the volatility seen earlier this month. While the timelines for a couple of European transactions have been extended, Canadian and US bank activi...
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- Capital Relief Trades
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News
- ABS
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Rock-solid July for primary ABS market
Low volatility and strong investor appetite lure new issuers
The primary ABS market remained robust in July despite the typical summer slowdown, with strong issuance and investor demand across various sectors, according to monthly European and UK factsheets monitored by SCI. Amundi’s portfolio mana...
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- Capital Relief Trades
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CRT Awards shortlist revealed
Gala dinner to close World Risk Sharing Week
SCI has published the shortlist for this year's Capital Relief Trades Awards, which celebrate excellence and innovation across the global credit risk-sharing industry. Award winners will be revealed during a gala black-tie dinner held at the Royal In...
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- CLOs
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Resilient CLO market in July despite early August volatility
Kartesia sees spreads tightening slightly across capital structure throughout the month
The CLO market demonstrated continued strength in July, with spreads tightening slightly across the capital structure, according to Kartesia, a European specialist provider of capital solutions. “Euro CLO triple-A spreads closed...
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- ABS
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Market Moves
- Structured Finance
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CLO analytics firm eyes private credit
Market updates and sector developments
Siepe has raised US$30m in a Series B funding round led by WestCap, which will drive a multi-product roadmap, including the expansion of the firm’s AI and machine learning capabilities. In conjunction with the new funding, Siepe has appoint...
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Job swaps weekly: Texas Capital bags sales and trading MD
People moves and key promotions in securitisation
A quiet week for securitisation job swaps ahead of the UK’s August bank holiday. Nordea Asset Management is expanding its private credit presence in the Nordic region, while Texas Capital has beefed up its securitisation and whole...
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- CMBS
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CRE analytics tie-up agreed
Market updates and sector developments
SitusAMC has entered into a strategic partnership with CMBS.com, the owner of Backshop, a commercial real estate loan origination, management and servicing software platform. As part of the partnership, SitusAMC will transition ownership of CLOSER -...
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- Structured Finance
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