ABS
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Clifford Capital continues US push for infrastructure ABS
The latest in the Bayfront series is the firm's largest IABS deal yet
Singapore-based infrastructure credit platform Clifford Capital has priced the ninth iteration of its pioneering Bayfront infrastructure asset-backed securities, as asset managers show mounting interest in the emerging asset class.
Bayfront IX, a US$802.4m deal with a static portfolio comprising 46 project finance and infrastructure debt across 43 projects in 15 countries, priced on 23 September and is the .......
News 29 September 2026
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SCI In Focus: AI rewires the machinery behind SRT
AI is reshaping SRT, from monitoring and regulation to GPUs,...
Artificial intelligence is beginning to move beyond generic back-office automation in securitisation, with technology providers and financial institutions exploring whether it can be used to analyse transaction documentation, monitor portfolios and validate the ongoing performance of significant risk transfer transactions.
The potential attraction for SRTs is partly operational. Transactions can involve complex documentation, large datasets, portfolio replenishments and continuing .......
News Analysis 28 September 2026
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Alantra credit portfolio md to depart
Senior departure closely follows Alantra's appointment of a...
Fabrizio Sicilia, who was md within Alantra's FIG and credit portfolio advisory team, is set to depart the firm after over eight years, SCI has learned.
While Alantra has not yet disclosed any plans to replace Sicilia, the firm has recently hired former Deutsche Bank veteran Zak Chaudary to lead its SRT arranging .......
News Analysis 24 September 2026
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First fully electric auto ABS prices in line with EV-heavy predecessor
Ayvens' first fully electric auto ABS priced in line with it...
Ayvens, a French car leasing firm and subsidiary of Société Générale, has seen its latest auto ABS deal, BUMPER BE GREEN 2026-1, price its €550m senior tranche at 65bps over one-month Euribor last week, putting Europe’s first publicly offered, fully electric auto ABS broadly in line with recent EV-heavy auto lease deals despite its unprecedented collateral concentration.
The triple-A-rated class A notes tightened .......
News Analysis 23 September 2026
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Job swaps weekly: Barings names head of global CLO issuance
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Barings appointing a head of global CLO issuance and capital markets. Elsewhere, Silver Point Capital has named a former Golub Capital veteran as md, head of credit financing and leverage solutions, while Vistina has hired an md tasked with expanding the firm’s structured finance capabilities.
Ankit Aggarwal has joined Barings as head of global .......
Market Moves 18 September 2026
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TwentyFour preps new CLO and insurance-focused ABS strategies
Asset manager plans triple-A and mezzanine CLO fund launches...
TwentyFour Asset Management is launching three new strategies soon, comprising two CLO-related strategies and one ABS-related strategy, SCI has learned.
Specifically, the strategies include a triple-A CLO fund, a mezzanine CLO fund and a senior ABS strategy that “fits particularly well for insurance companies, given the changes being seen on the regulatory side”, a spokesperson from the firm confirms.
The .......
News 18 September 2026
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Missing ABS deals remain hung up after difficult summer launch
Two European securitisations expected to price in July, Basa...
Two European public securitisations originally expected to price in July remain missing as of September, with market participants turning to poor summer launch timing and investor feedback that has potentially prompted a restructuring.
Basalt 2026-1 DE DAC, a €318.7m German CMBS linked to KKR’s refinancing of a 303-property portfolio, was announced on 2 July. Initial price talks (IPTs) were released on 21 July, with .......
News 10 September 2026
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Demand outstrips supply across European structured finance markets
Issuance is surging across loans, CLOs and ABS, while new st...
European structured finance markets are gathering pace, with issuance accelerating across multiple asset classes and investor demand increasingly outstripping supply, according to S&P Global.
At the ratings agency’s 2026 European Structured Finance conference held in London today, S&P says the leveraged loan market, which proved more sensitive to volatility than some other credit markets, has already shrugged .......
News 10 September 2026
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ABS supply accelerates in Q2 as mezzanine demand drives spread compression
Q2 ABS issuance accelerated as strong mezzanine demand drove...
The ABS primary market picked up pace through the second quarter of 2026, with investors absorbing heavier issuance even as demand became increasingly concentrated further down the capital structure.
SCI data shows 86 new public ABS transactions priced during the quarter, with activity rising from 21 deals in April to 32 in May and 33 in June. European .......
News Analysis 10 September 2026
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Saudi Arabia's first publicly rated RMBS marks milestone for nascent securitisation market
The deal, Sukuk Saudi Real Estate Refinance Company RMBS-2,...
Saudi Arabia has taken another step toward establishing a domestic securitisation market, with the Saudi Real Estate Refinance Company (SRC) unveiling the Kingdom's second unwrapped residential mortgage-backed securities (RMBS) transaction and the first to receive public ratings.
HSBC Saudi Arabia is again arranging and running the bookbuilding process for this second deal, Sukuk Saudi Real Estate Refinance Company RMBS-2, .......
News Analysis 8 September 2026
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SCI In Focus: AI rewrites data centre capital stack
Private and public markets are taking different slices of da...
Data centre financing is becoming a laboratory for how risk is allocated and priced across public and private markets. As the AI boom drives record-breaking investment in power, land and computing capacity, financing is moving beyond traditional real estate debt, with banks, private capital, project finance and bond investors taking different slices of the capital stack.
“Data centre financing .......
News Analysis 4 September 2026
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Summer slowdown cools European structured credit
A quiet month for primary issuance, but active CLO and auto...
Amid the seasonal dip in securitisation market activity, today’s monthly fixings from the SCI Composite Index reveal a tightening – but increasingly bifurcated – market.
The European structured credit markets slowed over August, marked by a complete halt in primary issuance for RMBS and Consumer ABS, as well as reduced activity in the Auto ABS segment.
CLOs, being .......
News Analysis 1 September 2026
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AI disrupts ABS credit models
Old assumptions on payment stability no longer apply
The disruption wrought upon the job market by AI is set to be so severe it will render redundant current models used for credit assessment and underwriting in the ABS market, meaning comprehensive revisions are likely, according to one of the biggest US debt servicers.
News Analysis 31 August 2026
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SCI In Conversation Podcast: Andre Hakkak, White Oak Global Advisors
We discuss the hottest topics in securitisation today...
In this episode of SCI In Conversation, US editor Simon Boughey chats to Andre Hakkak, ceo and co-founder of New York-based White Oak Global Advisors, a private credit firm catering to SMEs. Andre talks about the differences - if any - between ABF and ABS, the continuing allure of diversification, and the growing role of insurer capital.
This episode .......
News Analysis 27 August 2026
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SCI in Focus: Are forward flows launchpads for public ABS?
Two debut ABS deals this year show how private funding is cr...
Two debut European ABS deals this year – Velocity 2026-1 and Alps Partners Germany 2026-1 – have shown how private funding arrangements can feed into the public securitisation market through different routes.
UK SME asset finance lender Propel Finance came to market with Velocity in March, after years of building scale via bank-funded warehouses, forward flows .......
News Analysis 26 August 2026
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Australian portfolio sales create new pipeline for ABS
Three major transactions have shifted A$55bn of loans in 202...
Australia's loan portfolio market is seeing a flurry of record-sized sales as banks look to simplify balance sheets and private capital increasingly provides an alternative home for assets once retained by lenders, with more than A$55bn changing hands in three major deals this year.
Notably, banks are increasingly treating these large portfolios of performing loans as assets that can be sold rather .......
News Analysis 25 August 2026
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Job swaps weekly: Northleaf hires new asset-based finance global head, Orrick expands US structured finance practice
People moves and key promotions in structured credit
This week’s roundup of structured credit job swaps sees MidCap Financial veteran joining Northleaf Capital Partners, Barclays appointing co-CEOs of its investment bank and Orrick continuing its structured finance roll-out with the hire of a new partner in New York.
Northleaf Capital Partners has hired MidCap Financial veteran JD Gettmann as its new global head of asset-based specialty finance, .......
Market Moves 21 August 2026
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Demand for mezzanine paper surges as European ABS investors move down cap stack
Investors are favouring riskier, higher-yielding ABS tranche...
European ABS investors are increasingly moving down the capital stack, hungry for yield, with new-issue book coverage showing materially stronger demand for mezzanine tranches than senior paper so far in 2026, according to SCI data.
Triple-A-rated tranches were 1.7 times covered on average across European ABS issuance so far in 2026, compared with 3.6 times .......
News Analysis 18 August 2026
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Job swaps weekly: Lazard expands senior team, while Churchill launches capital solutions unit
People moves and key promotions in securitisation
This week's roundup of securitisation job swaps sees Churchill Asset Management launch a new capital solutions unit. Meanwhile, Lazard has expanded its senior team with three new hires and Simmons & Simmons is building out its fund finance practice.
Natalie Sharkey has joined Simmons & Simmons in the fund finance team as a partner. She joins from spending .......
Market Moves 14 August 2026
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SCI: 20 years on
Richard Robb, ceo of CRC, recalls how SCI has evolved alongs...
Every thriving industry co-evolves alongside its lead publication. Wall Street has its Journal, advertising has AdAge, and we have Structured Credit Investor. An authoritative forum for news, analysis, data and awards – it makes our industry feel more … real.
A lot has changed since SCI launched, but then again, 20 years is a long time. Looking .......
Talking Point 6 August 2026