Capital Relief Trades
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Job swaps weekly: Balbec names new ceo
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Balbec Capital announcing a new ceo, as incumbent Charles Rusbasan transitions to executive chair. Elsewhere, Fides Holdings has appointed a managing partner and head of structured and alternative credit in its private credit and structured finance subsidiary Fides PM²T, while United Trust Bank has named a director of structured property solutions.
Market Moves 2 May 2025
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Third Coast is on the CRT map
US$5bn Texas lender explains the deal with EJF
News Analysis 1 May 2025
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Are mid-tier bank loans as good as they appear?
Fed filings indicate only a small drop in loan performance
News Analysis 29 April 2025
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SCI webinar: Nordics seize opportunities
SCI webinar highlights SRT openings in Nordic region
News Analysis 28 April 2025
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Job swaps weekly: Siepe follows international expansion with leadership team hires
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees structured debt and private credit fintech Siepe snapping up two senior executives from US Bank. Elsewhere, EF Hutton & Co has hired a structured finance veteran from Ziegler, while the EIF has named a new head of securitisation for south and west Europe.
CLO- and private-credit-focused software provider Siepe has hired .......
Market Moves 25 April 2025
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EJF stakes a claim
Unusual Third Coast trade EJF's latest foray into US regional CRT
News 23 April 2025
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Job swaps weekly: 400CM promotes five as investment strategy heads
Securitisation people moves and key promotions
This week’s round-up of job swaps sees 400 Capital Management (400CM) beef up its securitisation strategy team with a handful of promotions. Elsewhere, Ares Management Corporation has named a co-head of Europe for alternative credit, while Taylor Wessing has strengthened its banking and finance team.
400 Capital Management has announced five new heads of investment strategy. Portfolio manager Quinn .......
Market Moves 17 April 2025
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Third Coast and EJF show the way
Novel CRT true sale offers template for slimming CRE exposure
SRT Market Update 14 April 2025
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New player
EIB Group and ABN AMRO sign synthetic securitisation
The transaction is the first synthetic securitisation entered into between Dutch lender ABN AMRO (ABN) and the EIB Group. It references a portfolio of over €1bn in existing Dutch SME and corporate exposures and enables ABN to free up capital (€1.2bn) for new lending to Dutch SMEs and Mid-Caps, of which at least 30% will be allocated to projects .......
SRT Market Update 10 April 2025
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Latest SRTx fixings released
Faring worse
This month, policy uncertainty and its associated market volatility have taken a clear position of prominence within the global financial markets.
The current scenario of across-the-board tariffs accompanied by retaliatory tariffs, has the potential to weigh on corporates’ input costs and profit margins, beyond a ‘one time’ upward price level shock. Against this evolving and intense backdrop, leading .......
News 9 April 2025
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ABF key pillar in AXA IM Alts' new evergreen private credit strategy
Christophe Fritsch, global head of alternative credit at AXA IM Alts, answers SCI's questions
Global alternative investment firm AXA IM Alts has made ABF a cornerstone of its newly launched diversified evergreen private credit strategy. Designed for the private wealth segment, the strategy will invest across the credit spectrum, from ABF to direct lending, aiming to generate long-term recurring income.
Christophe Fritsch, global head of alternative credit at AXA IM .......
The Structured Credit Interview 9 April 2025
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Romanian SRT
SRT market update
The European Bank for Reconstruction and Development (EBRD) and UniCredit have closed a synthetic securitisation.
Structurally, the EBRD is providing credit protection of up to €77.5m on the mezzanine tranche of a synthetic securitisation in the form of an unfunded guarantee. The underlying portfolio is a granular portfolio of both SME and corporate loans originated by UniCredit. The transaction .......
SRT Market Update 8 April 2025
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US CRT: Shoring up regionals – video
Heliostat Capital founder and president Charles Callahan speaks to SCI
....... News Analysis 7 April 2025
Job swaps weekly: KBRA head of CMBS surveillance and research retires
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees KBRA naming a successor to outgoing head of CMBS surveillance and research Roy Chun, who is to retire. Elsewhere, Jefferies has named a new fixed income chief risk officer, while and MDPG Advisory director and an S&C Capital founder have formed a new London-based litigation finance and advisory .......
Market Moves 4 April 2025
Green SRTs
EIB Group and BBVA sign new SRT
The EIB Group has completed a new synthetic securitisation transaction with BBVA, allowing for 100% green projects.
The securitisation is on a portfolio of over €1.4bn in loans to SMEs. BBVA will retain the senior and junior tranches, while the EIB Group will guarantee the mezzanine tranche of €93m. This investment will allow BBVA to mobilise around €185m to finance the construction .......
SRT Market Update 3 April 2025