Investors
Investors, or structured credit investors, are collectively known as the buy-side.
Buy-side investors usually emanate from: institutional investors, investment managers, asset managers, fund managers, pension funds, insurance companies, hedge funds, corporates and corporate treasurers, lower tier banks, family offices, or even retail investors. However, investors can come from tier one banks as well.
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Oaktree's ABF pipeline 'exploding'
After fielding over 300 deals worth US$20bn since 2023, the...
Oaktree Capital Management is experiencing an exponential increase in asset-backed finance (ABF) deal flow, with more than 300 unique transactions totalling nearly US$20bn crossing its desk since May 2023. The surge - driven by a shifting bank posture, public market dislocation and the firm’s push into unrated ABF opportunities - shows no signs of slowing.
“Our pipeline is .......
The Structured Credit Interview 16 June 2025
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Australian ABS undergoing period of transition
Bank retreat diversifying securitisation landscape
The Australian ABS market is undergoing a period of transition, driven by reduced activity from major banks, growing participation from non-bank lenders and a slow but steady evolution in green securitisation. These themes were discussed during the Australian Securitisation Forum’s recent London Investor Seminar, during which speakers discussed funding dynamics, environmental risk considerations and consumer resilience amid tightening financial .......
News 16 June 2025
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Job swaps weekly: RenaissanceRe promotes senior SRT executives
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees RenaissanceRe elevating two SRT leaders in a round of senior executive promotions. Elsewhere, Bayview Asset Management is building out its ABF capabilities with the addition of a senior advisor in its insurance asset management business, while AlbaCore Capital Group has appointed an md and portfolio manager for its European CLO platform.
Market Moves 13 June 2025
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Latest SRTx fixings released
EU/US divergence revealed
While last month’s SRTx data points illustrated a one-directional widening in spreads and credit risk, this month’s figures point to an overall divergence between the European and US markets.
Analysing the broader macro picture, investors and market participants largely suggest that, as severe as the market reaction was to tariff announcements, the rally has been equally impressive within for .......
News 11 June 2025
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Views from Barcelona: ABS held its ground amid April chaos
The European ABS market has demonstrated superior performance compared to other fixed income asset classes, according to speakers at FT Live Fixed Income Events’ Global ABS conference. During the ‘Stability among chaos: capital markets forecast’ panel, they noted how the ABS market navigated the uncertainty and shock of April and ‘Liberation Day’.
“European ABS performed well versus alternatives .......
News 10 June 2025
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Views from Barcelona: Unfunded SRT volumes to double
Unfunded SRT deals could double over the next three to five years, according to Munich RE’s Michael Heckl. Speaking at FT Live Fixed Income Events’ Global ABS conference, Heckl said the volume of insurance-protected tranches post-syndication is expected to grow, though the (re)insurance market remains small, with just 14 active insurers in Europe. Insurance-backed deals made up just .......
News 10 June 2025
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SCI In Conversation Podcast: Christophe Fritsch, AXA IM Alts
We discuss the hottest topics in securitisation today...
In this episode of SCI In Conversation, Christophe Fritsch, global head of alternative credit at AXA IM Alts, speaks with associate editor Marta Canini about the firm’s new diversified evergreen private credit strategy. Fritsch also discusses rising institutional and retail demand, the impact of ELTIF 2.0, sourcing in a crowded market, and why 2025 could be a defining year for .......
News Analysis 10 June 2025
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Proceed with caution: SRT market navigates macro uncertainty
Eagle Point Credit Management discusses current trends
News 10 June 2025
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Secondary SRT market likely to remain a tactical option
Analysing the current outlook for secondary SRT market volumes
News Analysis 9 June 2025
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Job swaps weekly: Howden acquires Granular Investments to bolster CRT capabilities
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Howden make a major acquisition to strengthen its European credit risk transfer capabilities, which will see two vendor founders work closely with its global credit and political risk team. Elsewhere, the TCW Group has named three co-portfolio managers to lead its newly launched private asset-backed finance interval fund, while a former .......
Market Moves 6 June 2025
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LGT Capital Partners debuts CLO platform
ESG principles to be implemented throughout the investment process
LGT Capital Partners has launched Legato, a platform for managing CLOs in Europe. The new platform focuses on building conservative portfolios, leveraging insights from the firm’s relationships with sponsors, and is open to institutional third-party investors.
According to Thomas Kyriakoudis, partner and co-head of private credit solutions at LGT Capital Partners, the decision to launch Legato represents .......
News 5 June 2025
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NAV specialist lender sees robust 2025 pipeline
17Capital rides NAV boom with US$2bn deployed in six months;...
The net asset value (NAV) financing market is rapidly scaling, with 17Capital forecasting that it could reach US$145bn by 2030. The NAV specialist lender points to surging GP demand, growing LP acceptance and rising institutional interest - particularly from insurers - as key drivers of continued growth through 2025.
“We’ve deployed over US$2bn in the past .......
News Analysis 4 June 2025
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BC Partners to explore insurer-led strategy as private credit demand soars
With US$1bn deployed from its latest fund, BC Partners ramps...
Nearly two months after closing its third Special Opportunities Fund (SOF III) at US$1.4bn, BC Partners has deployed almost US$1bn of capital and is now exploring an insurance-focused, permanent-capital strategy alongside a growing retail distribution push.
“We’re exploring new strategies, one of which could involve a more permanent capital base, potentially through an insurance channel. That’s something we’re .......
News 3 June 2025
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SCI In Conversation Podcast: Scott Frame, Bank Policy Institute
We discuss the hottest topics in securitisation today...
In this episode of SCI In Conversation, Scott Frame, senior vice president and deputy head of research, at the Bank Policy Institute in Washington DC, talks to US editor Simon Boughey about how post-GFC regulation capped growth in the securitisation market and what types of beneficial changes might emanate from the current administration.
This episode can be accessed News Analysis 30 May 2025
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Job swaps weekly: Lane42 names senior execs for new strategy launch
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Lane42 Investment Partners naming six senior executives to spearhead the launch of its capital opportunities investment strategy. Elsewhere, K&L Gates has promoted a structured finance partner to global managing partner, while DunPort Capital Management has followed the launch of its strategic partnership with Vertis Capital Partners by making three senior leadership .......
Market Moves 30 May 2025
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EC proposes 'serious' adjustments to the CRR and SecReg
Leaked drafts point towards 'consistent and predictable' SRT framework
This week, two draft documents from the European Commission (EC) regarding proposed adjustments to the CRR and Securitisation Regulation were leaked. The picture that has emerged thus far is largely positive. Nevertheless, market sources warn that the devil remains in the detail.
The prevailing regulatory atmosphere in Europe is one of simplifying and reducing the burden for both .......
News 29 May 2025
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Muzinich launches European CLO business, building on US track record with Eagle Point
New initiative aims to replicate US success with regular iss...
Muzinich & Co has today announced the expansion of its CLO platform into Europe, by continuing its strategic partnership with Eagle Point Credit Management, a specialist in CLO equity and private credit strategies.
The expansion marks the latest milestone in Muzinich’s CLO push, which began with Eagle Point in late 2021, with a focus of issuing .......
News 29 May 2025
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Crayhill eyes expansion after closing US$1.3bn ABF fund
ABF platform to scale with fresh capital and a growing pipel...
Crayhill Capital Management is seeking to expand its horizons after closing its third ABF fund at US$1.31bn last month, including US$162m in co-invest commitments. The close marks a major milestone amid rising insurer demand for long-duration, yield-generating assets that is driving increased institutional interest across the ABF space.
"Achieving the milestone of raising over US$1bn with repeat investors .......
The Structured Credit Interview 29 May 2025