Capital Relief Trades
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SRT allocation
US pension backs Arrowmark with $225m as SRT strategies gain traction with LPs
The $42bn Iowa Public Employees’ Retirement System (IPERS) has backed the synthetic securitisation market at scale, with a $225m allocation to Arrowmark Partners' (Arrowmark) SRT strategy.
The risk-sharing mandate, which begun with a $100m allocation and grew by an additional $125m last year, gives a rare glimpse into how institutional allocators are thinking about SRTs as part of their .......
News 16 May 2025
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Growing opportunities
New SRT markets demand early regulatory dialogue Cadwalader states
Scandinavia, Greece and Eastern Europe are among the growing and emerging jurisdictions set to take the spotlight this year, with multiple new deals expected to come to market.
Issuing an SRT, however, doesn't go without challenges as banks must brace for extensive internal preparation and early engagement with regulators, notes Assia Damianova, special counsel at Cadwalader at .......
News 14 May 2025
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New academic paper supports unfunded SRT
Call to remove collateralisation obligation in synthetic STS for insurance protections
A new academic paper shows how highly regulated, well-capitalised and well-diversified (re)insurers increase the stability of the financial system through the mechanism of insurance-based credit risk transfer. Entitled 'Strengthening Financial Stability through Insurance-based Credit Risk Transfer', the report comes as the EU, the UK and the US review their historical positions on unfunded SRT.
Multiline non-life .......
Talking Point 13 May 2025
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MDB risk transfer gaining traction
ADB inks insurer agreement, while SST platform issues RFP
The Asian Development Bank (ADB) has signed an agreement with 10 global insurers to mobilise up to US$2.75bn of private capital to support the bank’s lending for sustainable growth in Asia and the Pacific. The move follows a request for proposals from the African Development Bank (AfDB) and Development Bank of Southern Africa (DBSA) for a consulting firm to .......
News 9 May 2025
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SRT debut and pipeline prospects
EBRD eyes debut SRT as CEE region presents attractive opportunities
The European Bank for Reconstruction and Development (EBRD) is preparing its first synthetic securitisation as an issuer, with a referenced portfolio of around €1bn and plans to bring the deal to market by early next year.
The EBRD will be tapping into the growing investor interest in deals from multilateral development banks (MDBs), as it aims to support .......
News 7 May 2025
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Latest SRTx fixings released
One-direction
The unpredictability triggered by president Trump’s now infamous ‘Liberation Day’ tariffs continues to drive a notable increase in spread levels and broader market sentiment values.
Credit spreads widened consistently during the last month of the first quarter and the latest SRTx fixings suggest that the SRT market is following suit (albeit as it as is typical, lagging traditional .......
News 7 May 2025
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Energy efficiency loan deal agreed
EIB Group and Cetelem partner on Spanish SRT
SRT Market Update 6 May 2025
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Job swaps weekly: Balbec names new ceo
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Balbec Capital announcing a new ceo, as incumbent Charles Rusbasan transitions to executive chair. Elsewhere, Fides Holdings has appointed a managing partner and head of structured and alternative credit in its private credit and structured finance subsidiary Fides PM²T, while United Trust Bank has named a director of structured property solutions.
Market Moves 2 May 2025
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Third Coast is on the CRT map
US$5bn Texas lender explains the deal with EJF
News Analysis 1 May 2025
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Are mid-tier bank loans as good as they appear?
Fed filings indicate only a small drop in loan performance
News Analysis 29 April 2025
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SCI webinar: Nordics seize opportunities
SCI webinar highlights SRT openings in Nordic region
News Analysis 28 April 2025
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Job swaps weekly: Siepe follows international expansion with leadership team hires
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees structured debt and private credit fintech Siepe snapping up two senior executives from US Bank. Elsewhere, EF Hutton & Co has hired a structured finance veteran from Ziegler, while the EIF has named a new head of securitisation for south and west Europe.
CLO- and private-credit-focused software provider Siepe has hired .......
Market Moves 25 April 2025
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EJF stakes a claim
Unusual Third Coast trade EJF's latest foray into US regional CRT
News 23 April 2025
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Job swaps weekly: 400CM promotes five as investment strategy heads
Securitisation people moves and key promotions
This week’s round-up of job swaps sees 400 Capital Management (400CM) beef up its securitisation strategy team with a handful of promotions. Elsewhere, Ares Management Corporation has named a co-head of Europe for alternative credit, while Taylor Wessing has strengthened its banking and finance team.
400 Capital Management has announced five new heads of investment strategy. Portfolio manager Quinn .......
Market Moves 17 April 2025
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Third Coast and EJF show the way
Novel CRT true sale offers template for slimming CRE exposure
SRT Market Update 14 April 2025
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