Speciality finance

Basel accords are incentivising banks to issue synthetic risk transfer securities.

The specialty finance outfit, backed by Arena Investors, will have the “flexibility to consider” second-lien and subordinated investments.

The expertise and financial solidity of the servicer is something people often overlook in speciality finance. Christian Brehm of FC Capital explains why this would be a mistake.

Getting a fairness or valuation opinion on a private equity GP-led secondaries transaction is a straightforward, albeit costly, task. But in credit secondaries, the rule change creates a cumbersome burden.

In a dynamic market, not all opportunities arrive at the same time, so it is critical to have capital and a flexible approach to pivot to where opportunity intersects capability, maintain Michelle Russell-Dowe and Nicholas Pont of Schroders Capital.

Music royalties, healthcare receivables and legal finance are all well-diversified, low-correlation investments suited to a range of market conditions. David Ross, CJ Wei, Jeff Perrin and Victoria Li of Northleaf Capital Partners explain why.

Asset-based strategies are proving a welcome diversification away from corporate credit risk.

Firm broadens its LP base as its acquisition by TPG nears.

Third asset-based fund exceeds target, nearly doubles the size of its predecessor.

Sixth Street Lending received commitments from pension funds in Michigan and Pennsylvania.