Investors
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C-PACE partnership inked
Agreement positions Coventry, CGC for future securitisations
Coventry Structured Investments (CSI) recently joined forces with the Coalition for Green Capital (CGC) to drive over US$1bn in public-private investment to finance C-PACE and clean transportation projects. The green bank will provide a US$100m line of credit to Coventry, leveraging EPA-granted capital to support large-scale clean energy initiatives deployment. The facility is designed to be recycled multiple times .......
News 4 December 2024
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Nuveen raises US$413m for second CLO issuance strategy
New fund provides investors with control equity positions in newly issued Nuveen-managed CLOs
Global asset management firm Nuveen has closed its second CLO issuance strategy at US$413m, with capital from public and private pension plans and family offices, the firm announced on Tuesday.
Nuveen’s CLO issuance strategy will provide investors with controlling equity interests in Nuveen's new issue CLOs, the firm said in a statement. It also offers investors access to .......
News 3 December 2024
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Job swaps weekly: Weil names new partners
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Weil Gotshal & Manges promoting three structured finance and derivatives specialists to partner. Meanwhile, Kirkland & Ellis has snapped up a veteran fund finance specialist as partner, while White & Case has made a number of promotions to local partner and counsel.
Weil Gotshal & Manges has promoted three structured .......
Market Moves 29 November 2024
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Asset-backed finance: Emerging at pace - video
ARC Ratings' Ashley Thomas speaks to SCI about asset-backed finance
Ashley Thomas, head of structured finance (UK) at ARC Ratings, speaks to SCI's Marta Canini about asset-backed finance (ABF). Thomas discusses what ABF is, the key drivers behind the growing interest in the asset class, comparisons between the European and US markets, and more.
....... News Analysis 28 November 2024
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Strategic alliance
BC Partners Credit joins forces with Piper Sandler
BC Partners Credit, the US$8bn credit arm of global investment firm BC Partners, has formed a strategic alliance with investment bank Piper Sandler to take advantage of an imminent wave of refinancing.
With five-year callable .......
Market Moves 26 November 2024
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Job swaps weekly: BBB elevates two to co-chief banking officer
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees The British Business Bank appointing two co-chief banking officers. Meanwhile, Latham & Watkins has poached an experienced White & Case structured credit executive as partner, while Centralis Group has hired a new Ireland Country head.
The British Business Bank has appointed Richard Bearman and Reinald de Monchy as co-chief banking .......
Market Moves 22 November 2024
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SRT: The long view – video
Man Group's Moniot delves into key differences between European and North American SRT
....... News Analysis 19 November 2024
Asset migration
Euro mid-market deal flow set to grow
As year-end approaches, the private credit market is poised for continued expansion, with middle-market corporate deals expected to drive much of that growth. Speakers at Morningstar DBRS’ Credit Outlook 2025 in London last week outlined a positive trajectory for the sector, spurred by a global asset migration from public to private markets, maturing private equity portfolios and the overall .......
News 18 November 2024
CLO manager corner series: Investcorp
CLO market faces loan supply challenges, but outlook remains strong
A limited supply of new loan issuance could challenge the CLO market in the future, with the development of a private equity pipeline needed, according to Investcorp.
Barry Lane, managing director of CLO new issuance in Europe at Investcorp, tells SCI that despite this risk, the current number of deals being marketed, as well as those that have .......
The Structured Credit Interview 18 November 2024
Job swaps weekly: Senior Pemberton CLO exec launches Auctus Strategies
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees a former Pemberton Asset Management director launching her own sustainability consulting business. Meanwhile, Atlas SP has given its interim ceo the role on a permanent basis, while Climate First Bank has appointed a former 12five Capital veteran as president of its newly-created structured finance division.
Ex-Pemberton Asset Management director Naomi .......
Market Moves 15 November 2024
Italian revival
Private credit in real estate finance gaining traction
AXA IM Alts recently acquired a portfolio of Italian real estate loans from an international bank through a securitisation structure, while Société Générale has syndicated another portfolio of Italian real estate loan exposures to a leading international asset manager’s fund. Both transactions – for which A&O Shearman acted as advisor – signal that partnerships between banks and private credit .......
News 14 November 2024
SCI In Conversation Podcast: Gregor Burkart, Enpal
We discuss the hottest topics in securitisation today...
In this episode of the SCI In Conversation podcast, SCI's Selvaggia Cataldi speaks to Gregor Burkart, leader of the refinancing division at Enpal, about the company’s recent milestone in Europe’s renewable energy sector. Burkart shares insights into Enpal’s first residential solar securitisation program, which raised €240m, and discusses the company’s strategy, innovative financing methods, and their impact on investors, customers, and .......
News Analysis 14 November 2024
Zilch eyes zero-cost credit via ABS
Zilch paves the way for financial inclusion with plans for public ABS and IPO
In a bid to disrupt the revolving debt burden that impacts millions of consumers, London-based fintech Zilch is eyeing the next stage in its ambitious growth strategy with plans to expand its ABS facilities and eventually launch an IPO. The company, which says it has already saved customers £500m in interest fees since its inception four years ago, seeks .......
News Analysis 14 November 2024
Latest SRTx fixings released
SRTx figures display continuity
With market sources continuing to report a tightening in spreads for new issue trades (repeat benchmark deals from established issuers are seeing bids 100+ basis points tighter than comparable transactions from earlier in 2024), the latest SRTx fixings present a generally stable and coherent narrative, in line with the positive risk tone that has been prevalent since the summer .......
News 14 November 2024
Ex-Accunia exec to launch Euro CLO equity investment platform
Grane speaks to SCI about building a new London team and seeking investors
Christian Grane, the former head of investments at Accunia Credit Management, is aiming to launch a dedicated European CLO equity investment platform in the second or third quarter of next year.
Speaking to SCI, Grane, who left Accunia in September after five years, says he is currently in the process of speaking to potential investors and partners to launch .......
News 13 November 2024