Weekly Issue Archive »

Issue 927 - 8th November

  • News Analysis

    • Capital Relief Trades

      • SRT Journal: Growing pains?

        The first of five essays compiled in SCI's inaugural SRT Journal investigates the momentum seen this...

        The US Fed’s FAQ on CLNs in September 2023 sparked anticipation that the floodgates would finally open for US bank CRT issuance, resulting in many new investors exploring the sector and an initial wave of transactions. The momentum subseque...

    • Alternative assets

      • SCI In Conversation Podcast: Jeffrey Stevenson, VSS Capital

        We discuss the hottest topics in securitisation today...

        In this episode of the SCI In Conversation podcast, SCI US editor Simon Boughey speaks to Jeffrey Stevenson, managing partner of VSS Capital, about the continued growth of private lending. Stevenson discusses how the private lending market has evolve...

    • Asset-Backed Finance

      • NAV in focus

        Growing market 'key' to fund finance toolkit

        Net asset value (NAV) lending volumes are poised to more than double over the next few years. Indeed, panellists at Invisso’s recent ABS East conference forecast that the market could grow from nearly US$150bn in 2024 to an estimated US$500...

  • SRT Market Update

    • Capital Relief Trades

      • More, more, more

        SRT market update

        The race to getting transactions wrapped up before thanksgiving is heating up, as sights are already set on seeing growth all-around next year in the European and the North American markets. While things remain clear as mud in the US as practitione...

  • News

    • ABS

      • Pre-judgment day ABS rush in Europe

        October sees strong European and UK ABS issuance ahead of US presidential election

        October ended with a surge in European and UK ABS and MBS issuance, with €3.5bn placed from seven deals in the final week of the month. This included €2bn of publicly marketed deals, bringing the total level of issuance for the mont...

      • M&G unveils €200m ABS fund

        Firm launches vehicle aimed at unlocking daily liquidity in high-grade securitised assets

        M&G’s structured credit team has launched the M&G Investment Grade ABS Fund, a new daily liquidity fund with an initial €200m investment from pension schemes and family offices. The fund seeks to capture value in th...

    • Structured Finance

      • Election special

        As America goes to the polls and the world watches, US editor Simon Boughey - with the help of Matt...

        B3E Harris wins. If the Democrats win the White House again, things will probably go on much as they have been for the past several months. The B3E will get re-proposed at some date in the relatively near future and broadly along the lines Michae...

    • Asset-Backed Finance

      • Monroe closes maiden CFO

        Firm closes new vehicle in strategic private credit push

        Monroe Capital has closed its inaugural collateralised fund obligation (CFO) – Monroe Capital CFO I – a US$315m vehicle designed to provide investors with diversified exposure across Monroe’s private credit platforms. Th...

    • Capital Relief Trades

      • Pillar 3 league tables

        Barclays and Santander lead SRT issuance

        In a brief published this morning, rating agency S&P highlights the well-known view that Barclays and Santander dominate European SRT issuance volumes. Through examining second-quarter pillar 3 disclosures on retained SRT tranches, S&am...

  • Talking Point

    • CLOs

      • Democratising investment

        Christian Parker, structured credit partner at Paul Hastings, argues that ELTIF 2.0 could represent ...

        It’s a well-established truth that European retail investors have no access to credit investments in the form of loans. However, this isn’t quite right and overlooks the role of investment trusts, which have for many years offered...

      • EU CLO performance realigns with loan index post-volatility

        CLO Research Group's Tan analyses how EU CLO managers' performance fluctuated from strong pre-pandem...

        European CLO managers have returned to performing on par with the Morningstar European Euro-Denominated Loan Index on average following four challenging years, says Poh-Heng Tan, founder of CLO Research Group, in this exclusive article for SCI. Yet i...

  • Market Moves

    • Structured Finance

      • Job swaps weekly: Ogier snaps up Dublin-based partner

        People moves and key promotions in securitisation

        This week’s roundup of securitisation job swaps sees Ogier hiring a structured finance veteran from Matheson as partner in its Dublin office and promoting a real estate managing associate to partner in its Jersey practice. Meanwhile, Sidley...


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