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• Blue chip ABF funds posted strong returns in Q4

  Performance held steady even as higher rates persisted

  Private credit funds posted steady returns in Q4 2025, according to a new report by Cardo AI published this month. Funds deploying across distressed, ABS and ABF opportunities led performance, with opportunistic strategies capturing the strongest r...

• SCI In Conversation Podcast: Ralf Loewe, Aareal Bank

  We discuss the hottest topics in securitisation today...

  In this episode of SCI in Conversation, SRT reporter Dina Zelaya speaks to Ralf Loewe, managing director and head of treasury at Aareal Bank, about the bank’s current SRT strategy. He reflects on Aareal Bank’s first SRT d...

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• Spanish bank prints record corporate SRT

  SRT market update

  BBVA has completed a €4.5bn synthetic securitisation of a corporate loan portfolio, marking the largest SRT transaction completed by the bank to date. The deal was executed against a backdrop of heightened market volatility, yet attracted st...

• French bank executes dual SRTs

  SRT market update

  BNP Paribas is understood to have priced and closed two SRT transactions under its Echo and Resonance programmes, SCI has learned, highlighting continued activity in the European capital relief market despite recent volatility. The latest Echo tran...

• UK SME/CRE SRT prints with solid IG senior stack

  SRT market update

  Santander UK has closed its latest synthetic securitisation, Colossus 2026-1, with Scope assigning investment-grade ratings across most of the capital structure on the £1.5bn SME and CRE portfolio. The deal references a static pool of 612...

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• Avenue eyes US$1bn for European asset-backed fund

  Firm has already raised US$250m and is targeting a first close in Q2

  Avenue Capital Group is targeting US$1bn for its latest European special situations fund, SCI has learned. Avenue Europe Special Situations Fund VI has already raised US$250m and is expecting to make a first close in Q2 at around US$500m, sources t...

• M&G cuts US$267m music royalties deal with Seeker

  Finances existing portfolio with additional capital for delayed draw capacity

  M&G Investments has cut a US$267m asset-backed securitisation deal for Los Angeles-based Seeker Music. The deal, backed by M&G’s Life Business, provides the music and record business with the ability to accelerate its grow...

• ABF Deal Digest: Merit prices US$817m securitisation

  A weekly roundup of private asset-backed financing activity

  This week’s roundup of private ABF activity sees Merit AirFinance price a US$817m asset-backed securitisation. Meanwhile, Pipe has expanded its credit facility with Victory Park Capital to US$225m, while Arini has cut a £180m asse...

• Beyond the deal: Middle Eastern SWF deepens push into SRT

  SRT market update

  The recent partnership between Abu Dhabi Investment Authority (ADIA) and Christofferson Robb & Company is being interpreted by market participants as part of a broader strategic expansion into specialist areas of private credit, with signific...

• ECB keeps eyes open

  Regulator warns of risks

  While recognizing that SRT transactions are now an important part of European banking capital management, increasing use of these structures “may create system-wide vulnerabilities if not properly managed, notably through leverage effects,...

• SRTs still offer a spread premium over ABS despite tightening

  Tristan Teoh, head of European secured finance at Insight Investment, answers SCI's questions

  As SRT transactions continue to gain traction among institutional investors, asset managers are increasingly positioning the asset class as a core component of structured credit allocations. Against a backdrop of tight spreads in public markets and g...

• PRA renews focus on genuine risk transfer

  UK regulator clarifies that capital relief must align with meaningful and demonstrable transfer of c...

  The UK’s Prudential Regulation Authority (PRA) has provided SCI further clarity on its assessment of SRT, reinforcing the long-standing message that capital relief must...

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• Job swaps weekly: Vantage, Schonfeld and S2G lead hires

  People moves and key promotions in securitisation

  This week’s roundup of securitisation job swaps sees Vantage Data Centers appointing a new global CFO. Elsewhere, Schonfeld has hired a head of structured credit and S2G has named a co-head for its special opportunities investment...