ABS
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Job swaps weekly: White & Case names new partners for 2026
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees White & Case has announced a swathe of promotions to partner across multiple regions. Elsewhere, Raymond James has acquired a majority stake in a boutique investment bank, while Värde Partners has made two senior hires on its asset-based finance team.
White & Case has promoted 45 lawyers to its partnership, .......
Market Moves 17 October 2025
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Pemberton's push into NAV financing
Partner Thomas Doyle answers SCI's questions
Pemberton Asset Management recently closed its debut NAV Financing Core Fund I at US$1.7bn, marking a milestone in its expansion into strategic lending solutions. The firm, which has built strong relationships across Europe's sponsor-backed lending market, is now leveraging that connectivity to offer portfolio-level financing and GP-level capital solutions.
Talking to SCI, Thomas Doyle, partner and .......
The Structured Credit Interview 16 October 2025
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NatWest inks debt facility to rural lender backed by BBB
Guarantee enables preferential pricing for agricultural finance specialist
NatWest has provided a £100m senior debt facility to Rural Asset Finance (RAF), a specialist lender to UK farmers and rural SMEs, with backing from the British Business Bank (BBB) under its ENABLE Guarantees programme. Rural Asset Finance is a specialist direct lender to British farmers that helps to fund, diversify and future-proof rural businesses, an area the .......
News 14 October 2025
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Targeted amendments to EU securitisation capital rules
Risk Control paper introduces technical fixes to the European Commission's June 2025 proposals.
News 13 October 2025
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Auxmoney raises €950m in dual ABS deals
Lender breaks new ground with largest-ever securitisation funding for a European fintech platform
European consumer lender auxmoney last month completed its largest-ever capital markets funding spree, raising €950m through two new public securitisations – Fortuna Consumer Loan ABS 2025-2 in Germany and Mila 2025-1 in the Netherlands. The deals, which both closed within the same week, attracted more than 40 unique investors.
News 10 October 2025
Job swaps weekly: Orrick and Cadwalader ring the changes
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Orrick hiring 37 CLO and asset-backed lending lawyers from Cadwalader, Wickersham & Taft, including 10 partners. Cadwalader, in turn, has elected a trio of securitisation lawyers to its partnership, while Nuveen has launched a dedicated global infrastructure investment platform.
Orrick has confirmed its move to strengthen its global structured finance .......
Market Moves 10 October 2025
Arra Finance acquires Crescent Auto Finance in ABS push
Subprime auto lender expands origination platform and divers...
Arra Finance has purchased Crescent Bank’s auto finance division in a bid to scale its origination platform and diversify funding sources as it gears up to enter the ABS market.
“In preparation for our entry into the asset-backed securities market, we have enhanced the scalability of our platform, improving our ability to meet dealer needs with .......
News 9 October 2025
SEC eyes rule revamp in a bid to revive public RMBS
'Rare opportunity' for feedback as ABS definitions and disclosure rules are reviewed
The US SEC has proposed changes to ABS definitions and RMBS asset-level disclosure rules in a bid to reinvigorate the public securitisation market. The Commission last month published a concept release seeking feedback on whether current rules are acting as a drag rather than a support system.
The proposed changes are explicitly aimed at meeting .......
News 7 October 2025
LatAm SRT on 'slow burn' as IDB signals market surge
Further jurisdictions set to open up across the region
Latin America has long been seen as a region where excess bank capital, patchy data practices and volatile macro conditions limit the need for immediate balance sheet optimisation. Yet MDBs are now showing that SRT structures are not only feasible in the region, but also serve as a catalyst for deeper capital markets engagement.
In an exclusive conversation .......
News Analysis 3 October 2025
Job swaps weekly: Apollo launches sports and events investment division
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Apollo Global Management launching a sports and live events focused investment division. Elsewhere, Newmark has hired two partners to build out its European data centre activities, while Tikehau Capital has named a new deputy head of private debt.
Apollo has launched Apollo Sports Capital (ASC), a new investment business providing .......
Market Moves 3 October 2025
Tamara secures landmark ABS in Middle Eastern fintech deal
BNPL facility reflects growing confidence in Gulf consumer credit market and online shopping boom
Saudi Arabian fintech Tamara last month secured a US$2.4bn Shariah-compliant ABS facility from Goldman Sachs, Citi and Apollo funds, refinancing and substantially upsizing a previous US$500m arrangement with Goldman Sachs. The scale of the deal marks a watershed for the region’s securitisation market, as Tamara's debut transaction with Goldman Sachs in 2023 involved a smaller US$150m buy now, .......
News 3 October 2025
Intain doubles down on AI and tokenisation for ABF
Intain founder and ceo Siddhartha Siddhartha answers SCI's questions
Q: Earlier this year, Intain announced its partnership with KSD Capital. What’s the ultimate aim behind your marketplace platform and how has it evolved since the Wells Fargo initiative?
Provider Profile 2 October 2025
A: The end goal has always been to enable structured finance transactions to be done completely digitally – not just for the sake of doing it digitally, but in a way .......
Securitisation reforms could reshape European ABF market
Proposed regulatory changes to cut costs and boost transparency, if executed with proportionality
The EU’s proposed securitisation reforms could boost the European ABF market, with the potential to reduce costs while providing supervisors with a clearer view of activity. However, there are concerns that primary legislation may not be clear enough to prevent secondary rules re-imposing complexities and additional reporting requirements.
The package of reforms is wide-ranging and complex, combining elements .......
News Analysis 1 October 2025
Tricolor not canary in the coal mine
Default of ESG lender does not suggest wider ABS problems
News Analysis 1 October 2025
Inside Aluna Partners' SME lending bet
Co-founders Victor Rivera and Stefano Sciacca tell SCI how A...
As banks retrench and SMEs across Europe and Latin America increasingly struggle to access credit, London-based Aluna Partners is moving fast to fill the gap. Founded in 2021 by Victor Rivera and Stefano Sciacca, the firm targets underserved SMEs through trade receivables and ABF solutions, offering tailored funding structures at a pace that .......
The Structured Credit Interview 1 October 2025
Fibre optics ABS market set for growth in US and Europe
High-yield fibre operators turn to securitisation for cost-efficient funding
The ABS market is increasingly turning its attention to fibre optics infrastructure, quickly advancing in the US, with predictions to reach Europe. According to industry experts, the combination of defensive cashflow characteristics, tariff insulation and frameworks borrowed from data centre securitisations is creating positive conditions for the asset class’s growth.
The US market has shown a strong appetite for fibre .......
News Analysis 29 September 2025
Job swaps weekly: Crescent lures two SRT veterans
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Crescent Capital hiring two industry veterans and credit risk-sharing specialists as md in its London office. Elsewhere, AmTrust Financial Services and Blackstone Credit & Insurance have struck a deal surrounding the spin-off of some AmTrust Managing General Agencies and fee businesses, while Orrick has snapped up an eight-person CLO team from Cadwalader Wickersham .......
Market Moves 26 September 2025
Further spread compression opportunities 'limited'
Fund managers highlight firm technicals and resilient performance
The European ABS/MBS market continued to benefit from strong demand in August, despite a quieter month for issuance, with monthly fund factsheets monitored by SCI highlighting firm technicals and resilient performance. High-quality transactions across the auto, CMBS and RMBS sectors attracted oversubscription, although asset managers cautioned that tighter valuations and macro uncertainty limit room for further spread compression.
TwentyFour .......
Talking Point 26 September 2025
DataBank raises US$1.1bn in landmark hyperscale securitisation
Second green financing from industry giant marks the first dual-rated data centre ABS
DataBank has priced its fifth and largest securitisation, raising US$1.1bn via a newly established master trust that introduces hyperscale facilities into the data centre ABS market for the first time.
The transaction brings the company’s total securitised portfolio to US$3.23bn since its inaugural 2021 deal, and follows a US$456m green bond issued in February 2024. The .......
News Analysis 25 September 2025