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• Eurazeo raises €175m for second maritime decarbonisation ABF fund

  New launch builds on inaugural fund's success after raising €210m in 2021

  Eurazeo has held the first close of its new maritime infrastructure fund, hitting €175m after just two months on the road. The vehicle, Eurazeo Sustainable Maritime Infrastructure II, is now 44% of the way to its €400m target and...

• US BSL CLO BWIC hits $56bn led by triple-A supply

  Poh-Heng Tan from CLO Research shares US BSL CLO market insights on manager-level BWIC activity (12-...

  Over the last twelve months, according to SCI BWIC data, around US$56.2 billion of US BSL CLO tranches were placed on BWIC. AAA tranches accounted for close to US$29.0 billion of notional, followed by equity tranches at US$8.3 billion and BB tranches...

• SRT goes mainstream as banks industrialise capital relief

  Christophe Fritsch says the fast-growing SRT market is entering a structural phase

  The SRT market has doubled in size since 2020, and its growth trajectory continues to accelerate rather than slow. “The SRT market has doubled in size since 2020,” says Christophe Fritsch, global head of alternative credit at BN...

• Funding Circle and Waterfall close £700m forward flow deal

  Institutional appetite for SME credit holds firm

  Funding Circle and Waterfall Asset Management have announced the closing of a £700m forward-flow commitment spanning more than two years. The transaction was arranged with Waterfall securing senior financing from Citi, and also includes t...

• Orderbook elasticity reveals changing ABS pricing conditions in 2025

  Investor demand drives pricing power across European ABS last year

  The European ABS market experienced fluctuations in tone and momentum over the course of 2025, largely driven by shifts in demand levels, according to SCI’s International ABS/MBS primary issuance data. By modelling spread compression and...

• Growing awareness expands opportunities in NAV pipelines

  Increasing supply of debt capital helps shift focus to new products

  Growing awareness of the availability of NAV capital is helping drive flows into new and seasoned products. As a tightened M&A market has constricted exit conditions in recent years, NAV has been a useful tool for managers to push capital b...

• Pure agri SRT yet to emerge

  Despite growing investment needs, agriculture remains embedded within broader SRT portfolios rather ...

  As Europe looks to strengthen food security, climate resilience and rural investment, agriculture is rising up the policy agenda, but agricultural lending has yet to establish itself as a standalone theme in SRT. Instead, it sits at the intersection...

• Saluda Grade taps Waterfall veteran for ABF expansion

  Patrick Lo joins as co-cio to lead the firm's strategy, targeting prime borrowers in new sectors

  Saluda Grade has tapped Waterfall Asset Management veteran Patrick Lo as its new co-cio, SCI has learned. New York-based Lo joins the ABF specialist after almost 20 years at US$13bn Waterfall, where he held the same role. In his new position, he...

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• EU lender unlocks additional bank financing

  EIB backs European banks with capital relief and green guarantees.

  The EIB Group has closed a €112m SRT transaction with BNP Paribas aimed at boosting lending to French SMEs and mid-caps. Under the agreement, BNP Paribas will originate €337m in new loans, with at least 30% directed toward...

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• UK consultations call for streamlined securitisation rules

  FCA and PRA focus on proportionality and flexibility

  The UK FCA and PRA have published parallel consultation papers (CPs) on reforming the securitisation rules, building on earlier consultations and subsequent policy statements. The proposals aim to make the existing requirements more proportionate and...

• ABS market sees busiest week of 2026 with €4.4bn priced

  J.P. Morgan cites tightening spreads across European RMBS, Spanish consumer ABS and UK auto deals

  The international ABS primary market recorded its busiest week of 2026 to date, with €4.4bn priced across six transactions in Europe and Australia, according to J.P. Morgan. Described as a “promising start to the year&am...

• ABF Deal Digest: Morgan Stanley closes US$220m consumer loans deal

  A weekly roundup of private asset-backed financing activity

  This week’s roundup of private ABF activity sees Morgan Stanley close its first ABF transaction backed by consumer personal loans. Elsewhere, Niam Credit has inked a strategic partnership to provide real estate credit solutions, while A&...

• Ex-Sturgeon partner eyes H2 launch for NAV debut

  Nodem Capital, led by Alexander Brandon, is closing its first deal next month

  Nodem Capital is targeting US$200m for its inaugural NAV lending fund, SCI has learned. Nodem, founded in late 2024 by former Sturgeon Capital partner Alexander Branton, is aiming to begin fundraising in H2 and will lend globally to GPs, LPs, evergre...

• Banking watchdog flags rapid growth in SRTs

  Global banking regulator highlights surging SRT market and calls for enhanced oversight

  The Basel Committee on Banking Supervision (BCBS) has published a detailed analysis of SRT transactions, underscoring their expanding role in contemporary banking and urging continued monitoring by supervisors. SRTs are financial arrangements in wh...

• Latest SRTx fixings released

  European SRT market starts year on firm footing

  The SRTx fixings for January 2026 point to a constructive start to the year, with spreads marginally firmer and liquidity conditions improving following an active January primary calendar. European spreads edged tighter month-on-month, reflecting s...

• UK insurers to drive next wave of triple-A CLO demand

  Solvency 2 tailwinds and ETF innovation expand investor access to senior CLO debt as Reckoner Capita...

  UK insurers could emerge as a major new source of demand for triple-A and double-A CLO bonds as Solvency 2 reforms reduce capital charges and push investors toward higher-yielding, high-quality assets, according to Reckoner Capital Management, as the...

• UMB Bank closes US$400m BSL CLO warehouse, marking milestone expansion

  Transaction represents a step in UMB's evolution from a private credit-focused administrator to a br...

  UMB Bank’s corporate trust team has acted as collateral administrator on a US$400m broadly syndicated loan (BSL) CLO warehouse, marking the platform’s first such mandate in the syndicated market and underscoring its ambition to ex...

• CLO equity facing tougher tests in Q1 says Deutsche Bank

  Higher liability costs and tighter loan spreads lead to seventh straight quarterly decline in CLO eq...

  CLO equity investors are facing a more difficult arbitrage environment at the start of 2026, as elevated funding costs and tighter loan spreads weigh on returns, according to Deutsche Bank’s latest US CLO quarterly equity distribution repor...

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• Job swaps weekly: Saluda Grade appoints industry veteran to expand ABF

  People moves and key promotions in securitisation

  This week’s roundup of securitisation job swaps sees an ABF veteran joining Saluda Grade and a senior departure at UBS. Elsewhere, First Abu Dhabi Bank makes a head of structured finance and risk distribution appointment, while a partner at...