Weekly Issue Archive »

Issue 968 - 5th September

  • News Analysis

    • CLOs

      • Europe's CLO middle market sees renewed energy as private credit expands

        Previously held back by scalable collateral and complex regulations, Europe's middle market CLO spac...

        Private credit has become an increasingly attractive proposition for investors looking to maximize returns amid tightening spreads in public alternatives. As such, private credit CLOs have seen significant growth in recent years. The US private cre...

      • US CLO equity IRRs show minimal divergence across strategies

        Poh-Heng Tan from CLO Research provides analysis on US CLO equity IRR – hold to maturity vs s...

        Against the backdrop of a strong loan market, elevated loan prices and ongoing repricing activity, many seasoned deals have been called in recent months. This study reviews a sample of 10 recently called US BSL CLOs. The equity tranches of these CL...

    • Asset-Backed Finance

      • Recreational finance: why Octane is betting big on forward-flow

        Octane doubles down on ABF as institutional appetite for powersports, RV and marine receivables heat...

        When Octane announced its US$300m forward flow deal with Moore Capital Management’s specialty credit platform last month, it marked the firm’s third such transaction in 2025 and fourth to date, highlighting how central forward flo...

      • Prime time for European private credit

        Transparency concerns mount as Europe's ABF market tipped to overtake the US

        Europe’s ABF market is on the cusp of an important turning point, as deglobalisation and technological advances create both opportunity and competition for market participants. Against this backdrop, transparency remains the defining ch...

      • SCI in Focus: ABF's data dilemma – Part 1

        The first instalment of a two-part series on the ABF data landscape examines how the growth of the m...

        The ABF conversation – and market – is booming. But for all the fundraising headlines and building momentum, the sector is still running on Excel spreadsheets – ultimately leaving it ill-prepared to scale as anticipa...

  • News

    • Capital Relief Trades

      • SCI webinar: Growing role for CRT by US regionals

        CRT usage and variety on the rise, say panellists

        US regional banks continue to make use of CRT transactions as an improved regulatory framework, more varied reference assets and innovative solutions pave the way for greater volumes, say market experts. Last week’s SCI webinar, &lsqu...

      • NA bank with Q3 CRT deal

        Top ten bank in the market with IG corporates deal

        US Bank, the seventh largest bank in the US, is said to be in the market with a CRT deal referencing a US$5bn pool of investment grade corporate assets, arranged in-house by US Bancorp. There is a retained tranche comprising 87.5% of the deal, and...

  • Talking Point

    • Capital Relief Trades

      • Talking point: Higher RWAs on repo?

        SRT market update

        A recent working paper from the ECB suggests and demonstrates that a bank's true risk extends far beyond its direct and indirect connections, encompassing hidden “higher-order exposures.” These are systemic, cascading risks that c...

      • Clean-up call language deters CRT

        Restrictions on exercise of calls scares off issuers

        Current US regulations regarding clean-up calls are so narrowly defined that they constitute a significant barrier to extension of the CRT market, but the market is unlikely to receive relief in the foreseeable future, say market experts.  ...

  • Market Moves

    • Structured Finance

      • Job swaps weekly: Rithm to acquire Crestline

        People moves and key promotions in securitisation

        This week’s roundup of securitisation job swaps sees Rithm Capital agreeing to acquire Crestline Management. Elsewhere, Beach Point Capital Management has appointed a former co-managing partner and head of credit at TPG Angelo Gordon as pre...


Print this issue Click here to access this issue in print format

×