Issue 1005 - 29th May

News Analysis
- Asset-Backed Finance
  - The CFO uptick
    
    Jeffrey Stern, structured finance partner at Reed Smith, expands on the asset class momentum
    
    Q: We're seeing a notable resurgence in CFOs recently. What do you think is driving that appetite among GPs and LPs? A: I think the drivers are twofold. There is an institutional appetite for exposure to private credit, and for insurance companies...
- - Nodem cuts US$40m NAV loan to US manager
    
    Deal structured as a two facility blend between the GP and the fund
    
    Nodem Capital has facilitated a US$40m NAV loan to a US-based asset manager, SCI has learned. The deal, which is understood to be in the latter stages of closing, is structured as a two-facility blend with one loan given to the GP and the...
- - Värde and the top trends in the world of ABF
    
    Missy Dolski, partner and global head of ABF at Värde Partners, answers SCI's questions
    
    Q: Can you walk us through how you found your way into ABF? A: I have a very untraditional background. I actually started my career more on the corporate side of things, both on the lending side within a bank and on the investing side, focused on h...
- - ABF Deal Digest: Carlyle inks PDP deal, while Octane executes fifth forward flow
    
    A weekly roundup of private asset-backed financing activity
    
    This week’s roundup of private ABF activity sees Diversified Energy Company and Carlyle’s Global Credit platform enter into an agreement to acquire certain oil and natural gas properties. Meanwhile, Octane executes its fifth forwa...
- CLOs
  - US Bank sees CLO issuance rebound as managers expand into Europe and private credit structures evolve
    
    Hosni Shadid says geopolitical uncertainty and private credit concerns temporarily slowed issuance a...
    
    The CLO market is poised for renewed momentum in the second half of 2026, after a brief slowdown in issuance activity driven by geopolitical uncertainty, interest rate concerns and broader volatility in private credit markets, according to Hosni Shad...
- ABS
  - Esoteric ABS: Avenues and cul de sacs of data centre financing - video
    
    Milbank's Patrick Campbell speaks to SCI about data centre financing
    
    Patrick Campbell, a partner at Milbank specialising in digital infrastructure, talks to SCI US editor Simon Boughey in New York about the dynamics of the data centre market, including the vexed issue of tenant transparency, the pros and cons of th...
- Capital Relief Trades
  - SCI In Focus: Building an investable asset class referencing MDB exposures
    
    IFC plans repeat SRT issuance as originate-to-distribute model gains traction
    
    IFC’s landmark trade finance synthetic securitisation turned heads across the market earlier this month, as it represented more than just a one-off balance sheet transaction. The multilateral lender is now using SRTs as a repeatable funding...
- - Investor selectivity grows, CEE issuance matures and MDB-led SRT emerges as a new frontier
    
    Monthly roundup of SRT market activity
    
    The SRT market entered May with little sign of slowing, even as broader credit markets continued to navigate volatility, widening spreads and renewed macro uncertainty. Investors remain active and capital abundant, although underwriting scrutiny is i...
SRT Market Update
- Capital Relief Trades
  - Japanese bank preps SRT referencing revolvers
    
    SRT market update
    
    SMBC is in the market with an SRT deal referencing a US$4.2bn diversified portfolio of revolving corporate credit facilities extended to investment grade-rated borrowers. At close, which is expected early next month, BVCLN 2026-CRD1 will issue seven...
News
- ABS
  - EU ABS market slows but pricing remains firm amid selective investor demand
    
    Santander and Beequip transactions attract strong orders despite lighter primary supply, while renew...
    
    Primary European ABS activity slowed this week following a busy prior pipeline, but the market still delivered strong pricing and signs of selective demand particularly where supply was limited. Santander Consumer Germany’s newest consumer...
- - IQ-EQ completes Zenith acquisition expanding Italian structured finance presence
    
    Acquisition gives IQ-EQ its first foothold in Italy as the firm looks to deepen European structured ...
    
    IQ-EQ yesterday completed its acquisition of Italian securitisation and structured finance specialist Zenith Global, following regulatory approval from the Bank of Italy and the Italian government’s foreign direct investment review board. T...
Talking Point
- CLOs
  - SCI In Focus: CLOs emerge as key funding tool for expanding private credit platforms
    
    Managers increasingly view CLOs as a scalable and resilient financing tool as retail-driven outflows...
    
    The rapid growth of the private credit market over the last decade has also seen increased issuance of private credit CLOs, with a deepening market which has become an attractive alternative to BSL CLOs in recent years. US private credit C...
Market Moves
- CLOs
  - Job swaps weekly: Seward & Kissel names new head of structured credit
    
    People moves and key promotions in securitisation
    
    This week’s roundup of securitisation job swaps sees Seward & Kissel appointing a New-York-based partner and head of structured credit. Elsewhere, a C-suite Arini executive has left the business after three years, while Hoplon Capit...

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Issue 1005 - 29th May

News Analysis

SRT Market Update

News

Talking Point

Market Moves