https://www.structuredcreditinvestor.com/Article.asp?PUB=254&ISS=27814&SID=85304&article=SCI In Conversation Podcast: Elaine Furnari, Citco STORM en Subscription 2026-10-22T00:00:00Z SCI In Conversation Podcast: Elaine Furnari, Citco In the latest episode of SCI In Conversation, ABF Editor Jacob Chilvers speaks with Citco’s Elaine Furnari about the increasing expectations of loan level data, advancements in collateral monitoring, and the role loan servicers are playing in an increasingly timing-driven market. This episode can be accessed here, as well as wherever you usually get your podcasts, including Apple Podcasts and Spotify (just search for SCI In Conversation). Jacob Chilvers https://www.structuredcreditinvestor.com/Article.asp?PUB=254&ISS=27814&SID=85302&article=ICG prepares CLO equity fund to support further issuance STORM en Subscription 2026-10-22T00:00:00Z ICG prepares CLO equity fund to support further issuance Asset manager ICG is preparing to raise a CLO equity fund to support additional European CLO issuance, SCI has learned. The fund is intended to finance further issuance rather than expand the firm’s existing CLO management platform, a spokesperson from the firm tells SCI.  The fundraising plans come amid separate market speculation about the ownership of ICG’s European CLO business amid poor performance, according to market sources. Rumours that the business could be put up for sale have circulated, alt https://www.structuredcreditinvestor.com/Article.asp?PUB=254&ISS=27814&SID=85303&article=MDBs in a changing SRT world - video STORM en Subscription 2026-10-22T00:00:00Z MDBs in a changing SRT world - video Flavio Cabas, senior investment manager of the European Investment Fund, talks to SCI's Simon Boughey about why the EIF likes SRT assets. He also discusses the contribution to the growth and development of global SRT an MDB like the EIF can make, and the likely imminent regulatory changes that will shape the market. Simon Boughey https://www.structuredcreditinvestor.com/Article.asp?PUB=254&ISS=27814&SID=85301&article=ABF Deal Digest: KKR expands solar JV with TotalEnergies, while MidOcean and Idea Financial form new lending venture STORM en Subscription 2026-10-22T00:00:00Z ABF Deal Digest: KKR expands solar JV with TotalEnergies, while MidOcean and Idea Financial form new lending venture This week’s ABF roundup sees KKR expand its US solar joint venture with TotalEnergies. Meanwhile, MidOcean Partners and Idea Financial have formed a US$225m lending venture, and Victory Park Capital has launched a tokenised feeder fund. KKR expands US solar JV with TotalEnergies KKR has agreed to expand its US solar joint venture with TotalEnergies, adding a 700MW portfolio of three utility-scale projects in Texas and Ohio at an enterprise value of US$1.2bn. The deal lifts the 50/50 venture’s total capacity from https://www.structuredcreditinvestor.com/Article.asp?PUB=254&ISS=27814&SID=85300&article=Irish lender targets 25-30bps capital benefit from project finance SRT STORM en Subscription 2026-10-21T00:00:00Z Irish lender targets 25-30bps capital benefit from project finance SRT Allied Irish Banks (AIB) plans to execute a further SRT transaction in 2026, including project finance loans, with an anticipated benefit of around 25-30bps to its CET1 capital ratio, SCI has learned. Several market sources have indicated that the transaction references a portfolio of approximately €2.5bn of project finance exposures, with Banco Santander and Howden Group involved. Sources say the transaction remains ongoing, with completion expected later this year.  The planned transaction would be the third under AIB&am https://www.structuredcreditinvestor.com/Article.asp?PUB=254&ISS=27814&SID=85298&article=SCI Risk Sharing Awards: Outstanding Contribution to SRT STORM en Subscription 2026-10-21T00:00:00Z SCI Risk Sharing Awards: Outstanding Contribution to SRT SCI’s Outstanding Contribution to SRT Award for 2026 recognises Clifford Chance partner Timothy Cleary for a career spanning the emergence, near-disappearance and eventual rehabilitation of the synthetic securitisation market. Cleary began working in synthetic securitisation in the early 2000s, before the financial crisis, when the market was still in its formative stages. While many of the leading practitioners from that first era of synthetic securitisation exited the market following 2008-2009, Cleary - along with fellow Clifford https://www.structuredcreditinvestor.com/Article.asp?PUB=254&ISS=27814&SID=85296&article=Italian bank prepares €3.3bn corporate loan SRT STORM en Subscription 2026-10-21T00:00:00Z Italian bank prepares €3.3bn corporate loan SRT Intesa Sanpaolo is preparing an SRT transaction referencing approximately €3.3bn of corporate loans, SCI has learned, with potential investors having submitted non-binding offers, according to market sources. The portfolio comprises loans to large corporates and SMEs. The transaction is understood to fall under the Italian bank’s GARC (Gestione Attiva Rischio di Credito) programme. The submission of non-binding offers indicates that the transaction has progressed to the investor bidding stage, although it remains unfinali https://www.structuredcreditinvestor.com/Article.asp?PUB=254&ISS=27814&SID=85295&article=Spanish lender breaks new ground with first leasing-backed synthetic SRT STORM en Subscription 2026-10-21T00:00:00Z Spanish lender breaks new ground with first leasing-backed synthetic SRT BBVA has secured €259m of investment from the European Investment Fund (EIF) and the European Investment Bank (EIB) across two synthetic SRT transactions, SCI has learned, including its first synthetic securitisation backed by leasing exposures, as the Spanish lender expands its risk-transfer activity into a new asset class. The transactions are expected to mobilise approximately €1.3bn in financing for SMEs, entrepreneurs and mid-cap companies in Spain. The two transactions reference separate portfolios: one comprising lo https://www.structuredcreditinvestor.com/Article.asp?PUB=254&ISS=27814&SID=85294&article=SCI Risk Sharing Awards: SRT Team of the Year STORM en Subscription 2026-10-21T00:00:00Z SCI Risk Sharing Awards: SRT Team of the Year IFC does not simply execute deals. Given its MDB status, it also builds risk-transfer pathways for emerging market banks, insurers and institutional investors to undertake capital-efficient, profitable and developmentally impactful transactions. For its pioneering role in creating structures where formal SRT might not yet be fully feasible, undertaking both debut and follow-on SRTs to deepen risk transfer in emerging markets where SRT is already actionable, now facilitating enhanced participation by investors in emerging markets SRT transaction https://www.structuredcreditinvestor.com/Article.asp?PUB=254&ISS=27814&SID=85289&article=King Street bolsters capital formation team with VWH hire STORM en Subscription 2026-10-21T00:00:00Z King Street bolsters capital formation team with VWH hire King Street Capital Management has hired Chris Jackson as a managing director (md) on the capital formation and investor relations team, based in New York. Prior to joining King Street, Jackson was md and head of investor relations at VWH Capital, a Dallas-based private credit firm that focuses on “opportunistic strategies” across a spectrum of credit products primarily in the US distressed residential mortgage space. Before joining VWH Capital in June last year, he held other credit-specific roles as md for pri https://www.structuredcreditinvestor.com/Article.asp?PUB=254&ISS=27814&SID=85299&article=Private credit must fix its plumbing problems before scaling further, speakers warn STORM en Subscription 2026-10-21T00:00:00Z Private credit must fix its plumbing problems before scaling further, speakers warn Private credit’s rapid growth has outpaced the operational machinery needed to police it, industry experts warn, as the sector faces heightened scrutiny after the collapses of Tricolour and First Brands in the US and MFS in the UK.  Speaking on a recent SCI webinar titled “Private Credit’s Next Challenge: Scaling Growth Without Scaling Complexity,” three panellists said the failures exposed gaps in collateral verification, data quality and portfolio oversight. David O’Connell, found https://www.structuredcreditinvestor.com/Article.asp?PUB=254&ISS=27814&SID=85284&article=Views from Miami: Esoterics, digital infra and SRTs set to lead 2027 STORM en Subscription 2026-10-20T00:00:00Z Views from Miami: Esoterics, digital infra and SRTs set to lead 2027 Esoteric assets, digital infrastructure and SRTs are at the forefront of the market for 2027 according to discussions at the 32nd annual ABS East conference in Miami, attended by SCI. One panellist said assets such as music, sports and legal credit are next for capital growth, and expects permanent capital requirements to push more opportunity into structured credit vehicles. While positive conversations dominated, macro concerns also cropped up, tied to a higher-for-longer rate environment, oil pricing, and an escalation of political worri https://www.structuredcreditinvestor.com/Article.asp?PUB=254&ISS=27814&SID=85293&article=SCI Risk Sharing Awards: Service Provider of the Year STORM en Subscription 2026-10-20T00:00:00Z SCI Risk Sharing Awards: Service Provider of the Year iconicchain boasts over US$250bn in processed transaction volume, 20% global SRT issuance coverage, 100% client retention and 150%-plus year-on-year growth during the awards qualifying period. In recognition of the platform’s credentials as a widely adopted tool that improves efficiency, supports complex execution and accelerates market standards, it is Service Provider of the Year in SCI’s 2026 Risk Sharing Awards. The qualifying period has been one of the most productive in iconicchain’s history, including a tr https://www.structuredcreditinvestor.com/Article.asp?PUB=254&ISS=27814&SID=85292&article=SCI In Focus: EBA mandate sought as EU weighs safeguards for insurer-backed SRT STORM en Subscription 2026-10-20T00:00:00Z SCI In Focus: EBA mandate sought as EU weighs safeguards for insurer-backed SRT The SRT industry is calling for a transitional framework and an impact assessment by the European Banking Authority (EBA) as EU negotiators consider safeguards for insurer-provided unfunded credit protection (UFCP). The proposed review would assess how STS safeguards under the Securitisation Regulation (SECR) interact with resilience requirements under the Capital Requirements Regulation (CRR), including whether the rules duplicate existing requirements or restrict the pool of eligible insurers. A technical note prepared by the European Commi https://www.structuredcreditinvestor.com/Article.asp?PUB=254&ISS=27814&SID=85291&article=UK-based lender boosts corporate SRT amid strong demand STORM en Subscription 2026-10-20T00:00:00Z UK-based lender boosts corporate SRT amid strong demand Standard Chartered has upsized a synthetic SRT backed by corporate loans to US$3bn from around US$2bn, as initially discussed with investors, with the transaction attracting strong investor demand, SCI has learned. The deal is understood to have been issued under the bank’s Chakra programme, sources say.  Structurally, the transaction comprised two tranches, with pricing estimated between 6% and 10%, according to sources.  The deal closed in mid-to-late September. Sublines SRT in th https://www.structuredcreditinvestor.com/Article.asp?PUB=254&ISS=27814&SID=85288&article=SCI Risk Sharing Awards: North American Law Firm of the Year STORM en Subscription 2026-10-20T00:00:00Z SCI Risk Sharing Awards: North American Law Firm of the Year Mayer Brown combines strong US risk transfer transaction activity with meaningful policy advocacy on US capital rules during the awards qualifying period. In recognition of its ‘one-stop shop’ profile and diversified representation levels across innovative structures, the firm is SCI’s pick for North American Law Firm of the Year in the 2026 Risk Sharing Awards. The firm has been a market leader on the most consequential US bank regulatory capital developments affecting risk transfer, securitisation and real esta https://www.structuredcreditinvestor.com/Article.asp?PUB=254&ISS=27814&SID=85287&article=Mountain Point leans on data as CLO arbitrage tightens STORM en Subscription 2026-10-20T00:00:00Z Mountain Point leans on data as CLO arbitrage tightens Mountain Point Credit is relying on a data-driven, bottom-up approach to credit selection as CLO managers reassess software exposure and face pressure on new issuance economics, according to founder and chief executive Kelly Byrne. The manager uses a multi-factor model to assess individual loans and assign risk rankings, aiming to identify vulnerabilities and adjust portfolio positioning as conditions evolve. “Our approach is different because we lean on data and use a proprietary algorithm to identify risk in the portfolio,&r https://www.structuredcreditinvestor.com/Article.asp?PUB=254&ISS=27814&SID=85286&article=Reframing the narrative on captive CLO equity STORM en Subscription 2026-10-20T00:00:00Z Reframing the narrative on captive CLO equity A number of CLO managers and investors have pushed back on the wider narrative surrounding the impact of captive equity funds on the global CLO market.  Criticism of how these platforms have distorted the primaries in both US and European markets has been loud, with traditional third party equity investors admitting it is becoming very rare that they are able to allocate to primary CLO equity in recent years. But some market participants want to reframe the discussion, and argue that the market-wide shift towards these cap https://www.structuredcreditinvestor.com/Article.asp?PUB=254&ISS=27814&SID=85285&article=Private credit seeks clarity into structured exposures STORM en Subscription 2026-10-20T00:00:00Z Private credit seeks clarity into structured exposures After a series of bankruptcies, early redemptions and negative headlines, the private credit industry is getting more serious about understanding and addressing the exposures it faces, say those close to the industry. Bank debt with business development companies (BDCs) has more the doubled in the last decade, but bankruptcies such as that of subprime auto lender Tricolor and auto parts maker First Brands, both in September last year, were warning shots across the bows. “There is a heightened need for institutions to be more aware https://www.structuredcreditinvestor.com/Article.asp?PUB=254&ISS=27814&SID=85283&article=SCI Risk Sharing Awards: European Law Firm of the Year STORM en Subscription 2026-10-19T00:00:00Z SCI Risk Sharing Awards: European Law Firm of the Year SCI selected Latham & Watkins as European Law Firm of the Year in the 2026 Risk Sharing Awards, recognising the firm’s role expanding significant risk transfer (SRT) into new jurisdictions and asset classes. The firm’s strength in multilateral development bank (MDB), development finance institution (DFI) and environmental, social and governance (ESG)-linked structures, combined with strong transaction volume and investor-side execution, drove this recognition. Latham advised on more than 40 SRT transactions, with t