Advertisement

Weekly Issue Archive »

Issue 1011 - 10th July

  • 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...

    • CLOs

      • 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...

      • 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

      • 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...

  • 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...

    • Capital Relief Trades

      • 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...

    • CLOs

      • 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...

    • RMBS

      • 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...

    • CLOs

      • 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...


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