Italian €1bn SRT underlines advantage over CLOs and CSOs
The European CLO market has ground to a halt for the last three weeks, but a €1 billion SRT signed this week underlines there is appetite for some securitisations

Chenavari takes three-pronged approach with new specialty finance fund
Chenavari has raised capital for a specialty finance fund, officials at the company have confimed to Creditflux. The fund, the firm’s latest vintage private credit strategy, launched in February

Man names co-heads for new SRT business
Man Group has appointed two Elanus Capital officials as co-heads of its new credit risk sharing strategy, which will sit in its $3.5 billion private market business

Infrastructure manager targets €1 billion for eclectic mix of project finance debt and SRTs
A Copenhagen-based firm is launching its first credit fund and has partnered with an SRT specialist in London for a component of its potential €1 billion offering  

Barclays seeks head of SRT risk
Barclays is looking to hire a head of SRT risk for its wholesale credit portfolio, having established a credit risk transfer programme under the Colonnade branding 

Pemberton lands big name structured credit specialist as it drives into SRTs
Pemberton has hired a senior banking figure well known to the structured credit market to oversee a risk sharing strategy at the firm

Axa IM raises €1.2 billion for SRTs
Axa Investment Managers has closed Partner Capital Solutions VIII, a significant risk transfer (SRT) strategy, at roughly €1.2 billion, according to an announcement.

A&M hires high profile SRT official from StormHarbour
 One of the biggest names in the significant risk transfer industry has joined Alvarez & Marsal in London 

Broadening SRT market defies spread compression
Credit spreads are close to all time tights — high yield, courtesy of CDX HY, recently hit its tightest level since January 2007 — but the significant risk transfer (SRT) market is one of the few pockets of credit where pricing is wide of pre-covid levels

Investcorp looks at M&A for US CLO growth: Bloomberg
Investcorp Credit Management’s co-head of US credit David Moffitt has outlined plans to double the firm's US CLO assets under management – which include acquisitions and equity partnerships

Points up front: Quiet! It’s structured credit, they’ll hear you!
Niche sectors of the structured credit market used to be talked about only in hushed tones in deserted corridors.

HSBC reveals details of its return to SRT issuance through two late-2019 deals
HSBC has shed light on its significant risk transfer business as part of its Pillar 3 disclosures

PGGM pairs with pension fund Alecta to set SRT standards
The landmark co-investment partnership between Swedish pension fund Alecta and PGGM, the largest investor in significant risk transfer deals, has its roots in establishing a concrete set of standards for the SRT market, according to company officials

Alecta partners with PGGM for SRT co-investments
Swedish pension fund Alecta has formed a co-investment partnership with PGGM to invest in significant risk transfers

Santander issues SRT referencing Spanish SME loans
Banco Santander has issued a significant risk transfer referencing a €3 billion portfolio of loans

Regulation stifles SRTs, but banks and investors revel in quarter-four outperformance
Over the course of 2018 there was roughly €6.5 billion of issuance in the market for significant risk transfer (SRT) deals, sources say, with the last three months understood to be the busiest quarter on record

Spanish bank prices €972 million SRT with triple As paying 31bp
Cajamar Caja Rural, based in southern Spain, has priced a €972.1 million significant risk transfer (SRT), according to market sources

Cairn adds two SRT funds to its roster
Cairn Capital has raised $150 million across two significant risk transfer (SRT) funds - with differing mandates - according to an announcement by the firm

Spanish €2.3 billion SRT referencing project finance loans suffers downgrade
A junior debt tranche in a €2.3 billion significant risk transfer originated by Banco Santander has suffered a downgrade less than a year after its launch

Experienced SRT specialist parts ways with Apollo
A big name in the significant risk transfer (SRT) market has left Apollo Global Management in London

Santander issues £1.1 billion SRT featuring UK project finance loans
Banco Santander has completed a £1.12 billion significant risk transfer through a transaction dubbed Fitzroy 2018-1 CLO

African Development Bank prices landmark $1 billion SRT
The market for significant risk transfer (SRT) deals has taken another step forward with a first-of-its-kind deal, which has been originated by the African Development Bank

Italian bank completes SRT with European Investment Fund support
Banca Popolare di Bari has constructed a €174.5 million significant risk transfer (SRT) deal, which features a vertical risk sharing mechanism

High profile figure in SRT market leaves Nomura in London
A well known figure in the significant risk transfer (SRT) space has parted company with Nomura in London, sources say.

New rules encourage growth in blossoming risk sharing market
Significant risk transfer deals have generally been issued towards the end of the year – but the first quarter of 2018 has opened with a flurry of deals across primary and secondary markets