ABS

  • Europe's expanding BNPL market could unlock new ABS issuance opportunity

    Rapid e-commerce-driven growth supports long-term ABS potent...

    Buy-now-pay-later (BNPL) adoption is growing across Europe setting the stage for future securitisation growth, though credit and regulatory risks remain key considerations, according to Moody’s Ratings.

    In its ‘Consumer Loan ABS’ report released earlier this week, the ratings agency notes that the “BNPL sector growth is accelerating with e-commerce expansion,” with BNPL loans accounting for 8% of total .......

    Talking Point 13 February 2026

  • ABF Deal Digest: Blackstone-owned Aypa secures US$1.5bn warehouse

    A weekly roundup of private asset-backed financing activity

    This week’s roundup of private ABF activity sees Blackstone-owned Aypa Power secure a US$1.5bn construction warehouse revolving credit facility. Elsewhere, Churchill priced a refinancing of a term securitisation, while PEAC closed its first ABF deal of the year.

    Aypa Power, a Blackstone portfolio company, has closed a US$1.5bn construction warehouse revolving credit facility with an extra US$500m accordion .......

    News 6 February 2026

  • Job swaps weekly: Barclays snaps up new global head of securitised products

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Barclays appointing a New York-based global head of securitised products. Elsewhere, KBRA has named a global head for its newly formed corporate portfolio finance and direct lending business, while K2 Insurance Services has hired a former senior AIG executive to lead its new collateral protection insurance division.

    Barclays has appointed Chetan .......

    Market Moves 6 February 2026

  • SRT surge is recalibrating banks' risk engines

    IACPM's Leung highlights rigorous bank analytics and governa...

    Banks are deploying significant analytical discipline and regulatory oversight when executing SRT transactions, even as the market expands into new investor segments and issuer types, according to Som-lok Leung, executive director at the International Association of Credit Portfolio Managers (IACPM).

    Speaking to SCI, Leung emphasises that SRT should be viewed primarily as a risk and .......

    News Analysis 6 February 2026

  • Launching into RMBS

    Cynergy Bank director of group treasury and FRM Nicholas Fuller speaks to SCI

    After the recent close of its first securitisation, Cynergy Bank director of group treasury and FRM Nicholas Fuller sits down with SCI’s Marina Torres to discuss investor processes, new mechanisms and synthetics on the roadmap.

    Q: Cynergy Bank completed its first securitisation in December, Lovelace CBP 01, a cash-derecognition RMBS backed by buy-to-let mortgages. What prompted the firm to launch a .......

    The Structured Credit Interview 4 February 2026

  • Australian auto ABS performance holds firm

    Morningstar DBRS flags resilient arrears but notes rise in smaller, non-bank transactions

    Australian auto loan ABS performance remained stable through 2025, with collateral metrics continuing to demonstrate solidity, according to Morningstar DBRS’ latest market commentary on Australian auto loan ABS.

    Morningstar DBRS notes that “performance levels remain relatively stable with low arrears,” and expects current trends to persist into 2026 assuming the environment remains in line with their current economic forecasts.

    News 3 February 2026

  • Heavy equipment lease ABS gains traction in Europe and Australia

    Morningstar DBRS highlights increasing public market activit...

    Heavy equipment lease ABS is beginning to emerge as its own distinctive segment of the structured finance marketplace in Australia and Europe, as bank retrenchment from equipment finance and investor demand for differentiated collateral pushes more specialist assets towards the capital markets. According to a new report from Morningstar DBRS, while equipment lease-backed transactions are a .......

    News Analysis 2 February 2026

  • ABF becomes engine of growth for interval funds

    Strategy drew US$19.3bn in 2025 with 57% YoY growth, a Gapstow report finds

    Asset-backed vehicles have become the new engine of growth for alternative credit interval funds. The strategy drew US$19.3bn in AUM in 2025 across 36 funds and posted 57% year-on-year growth, according to Gapstow Capital Partners’ seventh annual review of the industry. 

    Gapstow, a New York-based alternative credit investment advisor, splits its analysis of ABF into two categories: asset-backed securities, accounting .......

    News Analysis 2 February 2026

  • Interpath consolidates securitisation capabilities under new global platform

    New platform reflects rising complexity, cross-border execution and evolving diligence demands

    Interpath’s recent launch of a global securitisation services (GSS) platform reflects a broader shift in structured finance towards more integrated, cross-border operating models as transactions grow in complexity and diligence requirements become increasingly bespoke, the firm tells SCI.

    The new platform brings together more than 40 specialists across the UK, France and offshore teams, consolidating expertise across securitisation and .......

    News Analysis 2 February 2026

  • Job swaps weekly: CVC acquires Marathon

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees CVC wholly acquiring Marathon, with senior Marathon management continuing to spearhead existing strategies. Elsewhere, Franklin Templeton has consolidated its US and European alternative credit businesses – Benefit Street Partners and Alcentra – under one brand, while Eagle Point Credit Management has committed capital to Pasadena Private Lending as part of a .......

    News 30 January 2026

  • Fintech platforms riding wave of ABF partnerships

    SCI data underlines prolific borrowing activity of consumer marketplace lenders

    ABF partnerships are reshaping liquidity channels, with forward flow arrangements creating programmatic securitisation pipelines. According to an analysis of SCI’s Private ABF Deals Database[1], fintech platforms capitalised on this trend last year, as marketplace lenders were the most prolific borrowers and accounted for the largest transaction volumes.

    Moody’s Private Credit Outlook 2026 notes .......

    News Analysis 30 January 2026

  • Rating agencies signal stability amid modest growth for ABS

    Strong structures, stabilising arrears and selective issuanc...

    Looking ahead to 2026, rating agencies broadly maintain a constructive outlook for global ABS markets. Base-case expectations centre on stable collateral performance, supported by robust transaction structures and generally favourable employment conditions.

    While uncertainty persists around geopolitics, inflation and the trajectory of interest rate cuts, agencies continue to view securitisation as a relatively defensive credit instrument.

    A key .......

    News Analysis 28 January 2026

  • ABS heads into 2026 resilient but fragmented across regions, says CSC

    CSC highlights regional divergence, investor selectivity and...

    The global ABS market is entering 2026 from a position of relative resilience, but with growing divergence across regions and increased investor selectivity, according to CSC’s ‘Asset-Backed Securitisation 2026: Looking Back to Look Ahead’ report.

    While issuance across core ABS sectors remained robust through 2024, CSC notes that macro volatility, geopolitical uncertainty and regulatory fragmentation shaped market behaviour in .......

    News 27 January 2026

  • Financing the AI revolution moves mainstream

    Squire Patton Boggs lawyers Ranajoy Basu and Nathan Menon ar...

    The demand for hyperscale data centres over recent years has significantly increased, driven primarily by AI technology requiring such developed digital infrastructure. As a result, asset-backed structures backed by data centre cashflows have moved from niche products into the mainstream, as data centre operators fund large-scale real estate commitments, power upgrades and overall expansions.

    Increasing demand and greater .......

    Talking Point 26 January 2026

  • Job swaps weekly: Squarepoint appoints industry vet to lead CLO platform

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Squarepoint hiring an AXA Investment Managers veteran to spearhead its CLO management platform. Elsewhere, Varde Partners has made two senior promotions in its assed-based finance team, while Serone Capital Management has hired a portfolio manager within its global structured credit team.

    AXA Investment Managers global head of loans and private .......

    Market Moves 23 January 2026

  • European ABS ends 2025 on strong footing as carry drives returns

    Supportive technicals and high carry underpin optimism for a 2026 issuance rebound

    The European ABS market closed 2025 on a constructive note, with asset managers pointing to tightening secondary spreads, supportive demand technicals and carry-driven returns, even as primary issuance slowed into year-end, according to monthly fund fact sheets monitored by SCI.

    TwentyFour Asset Management highlights that European securitised products “performed well in the last month of 2025,” with Amundi .......

    News Analysis 22 January 2026

  • Job swaps weekly: TwentyFour appoints two new partners

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees TwentyFour Asset Management naming two new partners from its portfolio management team. Elsewhere, a former Deloitte director has founded an independent debt advisory, while a Deutsche Bank esoteric ABS veteran has left the business to join StoneX.

    TwentyFour Asset Management, has announced the appointment of two new partners from within .......

    Market Moves 16 January 2026

  • Lithuania's first securitisation sets green blueprint for Baltic markets

    €163m apartment renovation deal backed by EBRD off...

    Lithuania's first public securitisation, which closed in December, is a landmark transaction not only for the Baltic capital markets but also for green finance in emerging Europe. Advisers are suggesting the transaction could serve as a blueprint for future ESG-compliant deals in the region.

    The €163m deal, Vytis Reno Loans 2025-1, arranged by Alvarez & Marsal, securitised .......

    News Analysis 14 January 2026

  • Job swaps weekly: Schroders makes senior securitisation and ABF hire

    People moves and key promotions in securitisation

    This week’s bumper roundup of securitisation job swaps – and the first roundup of 2026 – sees Schroders Capital hiring an investment director for securitised products and asset-based finance. Elsewhere, a BNP Paribas veteran has taken up a new role at Société Générale CIB as an SRT originator, while Crédit Agricole CIB has appointed a head of US ABS and PP .......

    Market Moves 9 January 2026

  • ABF Deal Digest: Willis Aviation Capital set to focus on third-party asset management

    A weekly roundup of private asset-backed financing activity

    This week’s roundup of private ABF activity sees Willis Lease Finance Corporation (WLFC) establishing a new division that will focus on the management of third-party assets and capital through discretionary funds, in partnership with a number of institutional investors. Elsewhere, Abacus Global Management has launched an asset-based finance strategy, while TPG and Jackson Financial have inked a strategic investment .......

    News 7 January 2026

  • Edelweiss fund raising for latest performing credit vehicle

    Firm targeting US$1.5bn for Indian special opportunities

    Edelweiss Asset Management is targeting US$1.5bn for its latest performing credit fund, SCI has learned. Edelweiss Special Opportunities Fund IV has pencilled in US$400m for its first close and has so far raised around US$150m.

    The strategy aims to provide structured credit solutions to mid-market companies in India across sectors including automobiles, industrials and pharmaceuticals. Fund IV’s target .......

    News 7 January 2026
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