ABS
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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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2025 wrapped: Structured finance year in review
As market prepares for 2026, SCI looks back on themes that shaped 2025
The structured finance market in 2025 is much more clearly defined by structural evolution than headline volumes, from the rise of ABF and data centre securitisations to a reset-heavy European CLO market and renewed focus on balance sheet optimisation
Across ABS, CLOs, SRTs and now ABF, the story this year has been one of both reinvention and redefinition .......
News Analysis 24 December 2025
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European ABS sees resilient monthly issuance heading into year end
Demand for primary remains resolute despite some widening of spreads
The European ABS market maintained solid momentum in November, supported by continued primary issuance and resilient investor demand, even as year-end dynamics began to influence market conditions. In monthly fund fact sheets monitored by SCI, asset managers pointed to healthy reception of supply across consumer, auto and mortgage-backed assets with returns increasingly driven by carry rather than spread tightening.
News 24 December 2025
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Job swaps weekly: Barrenjoey snaps up asset-backed income fund
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps – and the final roundup of 2025 – sees Barrenjoey Private Capital acquiring an asset-backed income fund from Trefor Capital and incorporating two of the strategy’s leaders into its team. Elsewhere, A&O Shearman has made a senior hire in its fund finance practice in New York, while Cadwalader has promoted nine securitisation .......
Market Moves 19 December 2025
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Debut public Lithuanian securitisation prints
UAB ILTE completes apartment renovation loan securitisation
UAB ILTE has closed the first-ever public Lithuanian securitisation. Called Vytis Reno Loans 2025-1, the €163m consumer loan transaction was arranged by Alvarez & Marsal.
The transaction securitises a €160.5m portfolio of apartment renovation loans originated by UAB ILTE, a Lithuanian state-owned institution, to individual apartment owners of multi-apartment buildings across Lithuania. As of the July cut-off date, .......
News 18 December 2025
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Call for increased EU regulatory ambition
Concerns remain over newly published SecReg texts
The European Parliament’s ECON committee, in charge of negotiating the securitisation reform package, has fired its starting gun on modifying the European Commission’s proposals - with the file’s rapporteur, Ralf Seekatz, publishing draft reports on the proposed Securitisation Regulation amendments and the proposed CRR amendments. Meanwhile, the European Council has agreed its own text, subject to formal final approval by .......
News 17 December 2025
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Opportunities eyed in the 'eddies of ABF'
Davidson Kempner favours market's quieter corners for risk-adjusted returns
While direct corporate lending dominates private credit headlines, Davidson Kempner Capital Management argues that investors should look towards quieter corners of the market - the "steady eddies" of ABF. These smaller market segments offer compelling risk-adjusted returns with stronger structural protections than their corporate counterparts, according to the company’s latest white paper, entitled ‘Rapids of private credit: opportunities .......
News Analysis 17 December 2025
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ABF Deal Digest: Sardis Group targets retail investors with private market interval fund
A weekly roundup of private asset-backed financing activity
This week’s roundup of private ABF activity sees securitised credit investment management firm Sardis Group launch an interval fund seeking to provide private market exposure to retail investors. Elsewhere, Blackstone Credit & Insurance (BXCI) has agreed a small business loan forward flow origination partnership with Harvest Commercial Capital.
Sardis Group has launched the Sardis Credit Opportunities Fund (SGSIX), .......
News 17 December 2025
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Japanese lender completes first Asia Pacific SRT
SRT market update
SRT Market Update 15 December 2025
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Job swaps weekly: Jefferies strikes Hildene deal
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Jefferies Financial Group acquiring a 50% stake in the parent of credit-focused asset manager Hildene. Elsewhere, Kirkland & Ellis has recruited a Washington DC-based partner, while Baker McKenzie has snapped up a real estate finance and structured finance specialist as a partner in its London office.
Jefferies Financial Group is .......
Market Moves 12 December 2025
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ABF market eyes a stronger 2026 as bank appetite rebuilds
Banks face a defining year as private credit advances into their core markets
Banks are entering 2026 in a competitive ABF landscape, as private credit platforms continue to absorb activity that once sat on their balance sheets. The year ahead points to an industry adjusting to regulatory pressure, tighter capital conditions and a marked shift in investor preferences - all forces that are accelerating ABF adoption.
Blake Eger, head of .......
News Analysis 12 December 2025
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L&G preps new evergreen fund finance strategy
Fund will focus on private wealth and insurance capital channels
L&G is preparing to launch a new evergreen fund finance strategy, SCI has learned. The new fund will focus on short-duration investment-grade fund financing and is structured as a qualifying investor alternative investment fund in Ireland.
The vehicle will be open to wealth management, insurance channels and corporate treasuries, sources told SCI. It will sit alongside L&G’s current .......
News 12 December 2025
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StrideUp reopens UK's Sharia-compliant securitisation market
Country's first HPP-backed RMBS since 2018 signals renewed i...
StrideUp has reopened the Sharia-compliant securitisation market in Q4 this year with Meridian Funding 2025-1, the first UK public RMBS backed by home purchase plans (HPPs) since 2018. The £308m transaction reconnects Islamic home finance with mainstream capital markets.
“This game-changing moment has only been possible because of a generational shift among young Muslims, who are extremely active .......
News Analysis 11 December 2025
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SCI In Focus: Powering complex data centre deals
Offshore SPVs are becoming critical infrastructure for ABF structures worldwide
Offshore SPVs have gone from dusty filing cabinets to the control rooms of global finance and are now a core component of ABF architecture. In fund finance, private credit and increasingly the hyperscale data centre boom, offshore entities are not just participating – they are reshaping how complex, multi-jurisdictional cashflows are financed.
Nowhere is this shift more visible .......
News Analysis 11 December 2025
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ABF Deal Digest: Virtus adds asset-backed lending capability with Keystone acquisition
A weekly roundup of private asset-backed financing activity
This week’s roundup of private ABF activity sees Virtus Investment Partners, which operates a multi-manager asset management business, enter into a definitive agreement to acquire a majority interest in asset-centric private credit investment manager Keystone National Group. Elsewhere, Compre Group Holdings has signed an innovative loss portfolio transfer and forward flow agreement.
The Keystone transaction expands Virtus’ offerings .......
News 10 December 2025
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BlackRock targets global flexibility and cross-sector relative value
BGF Global Securitised Fund to allocate dynamically across ABS, MBS and CLOs
BlackRock has launched the BGF Global Securitised Fund, a new strategy designed to invest across the major global securitised markets and provide diversified exposure to ABS, CMBS, RMBS and CLOs. The fund is structured to allocate dynamically across Australia, Europe, the UK and the US, while moving up and down the capital stack to capture shifting risk-return opportunities across .......
News 10 December 2025
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Aluna arranges loan receivables deal
Originated by a South African SME lender
Aluna Partners Group has arranged a US$10m loan receivables deal, SCI has learned.
Cape Town SME Funding 2025-1 has been originated by a South African SME lender and closed in October, sources told SCI.
The deal focuses on the sale of receivables from a South African originating entity to a UK orphan SPV, with a delayed drawdown structure.
It is structured with a senior .......
News 8 December 2025
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Job swaps weekly: Fitch succession plan kicks into action ahead of Duignan retirement
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Fitch Ratings making a wave of changes in its global analytical leadership team, as part of a succession plan surrounding the retirement of Kevin Duignan. Elsewhere, a widely revered industry veteran is to step down from her partnership at Reed Smith at the end of the year, while Mount Street Group has .......
Market Moves 5 December 2025