CLOs, Structured Finance

Volta, JPM Sound Out Investors at SOFR+500 Bps, 98/98.5 OID for $5B GPU Financing

Reporting: Geoff Burrows, Caroline Hagood Volta Infrastructure Holdings’ $5 billion debt financing is drawing skepticism in premarketing over concerns about the company’s loan to value, lack of basket guarantees and short corporate history, according to sources. Lead arranger JPMorgan...

Published on Sep 1, 2026

IACPM Survey Shows Insurer SRT Protection Rose 59% in 2025

Reporting: Vincent Nadeau Credit risk insurers protected €4.7 billion of significant risk transfer, or SRT, tranches in 2025, up 59% from €2.7 billion in 2024, according to the International Association of Credit Portfolio Managers’, or IACPM’s, latest Global SRT Insurer...

Published on Aug 26, 2026

Diverse par subordination levels in nascent European private credit CLO market draws contrast with the BSL world

Private credit CLO issuers in Europe are offering investors a far greater degree of variation in the amount of triple-A par subordination than is available in the market for CLOs backed by broadly syndicated loans, Octus has found.  The typical par subordination for a triple-A tranche of a...

Published on Aug 28, 2026

From Research to Results: The Connected Portfolio Management Experience

Published on Aug 28, 2026

Do total return swaps put emerging market countries at risk of a ‘zombie debt’ outbreak?

In the world of sovereign debt, three little letters – TRS – are generating an outsized amount of column inches and not a little controversy. TRS, or total return swaps, and their close cousins, repurchase agreements, are gaining popularity among emerging market countries that would...

Published on Aug 27, 2026

IFC Closes First SRT With BBVA Mexico as It Eyes New Markets, Smaller Banks

Reporting: Nadezhda Bratanova The International Finance Corp., or IFC, has completed its first significant risk transfer, or SRT, transaction with BBVA Mexico, providing 1.795 billion Mexican pesos ($103.5 million) of credit protection on a MXN 14 billion reference portfolio of SME loans. The SRT...

Published on Aug 24, 2026

RBC Hires Head of European CLOs for Push Into Arranger Market

Reporting: Victoria Thiele RBC has hired Charles Hatton, head of ABS and CLO syndicate at Natixis, as head of European CLOs, according to sources. Hatton’s move marks an important step in the buildout of RBC’s European CLO arranging business. The bank has until now mostly been active as...

Published on Aug 17, 2026

One Group, Two Issuers: What UniCredit’s Push to Takeover Commerzbank Means for Europe’s SRT Market

Reporting: Nadezhda Bratanova Two of Europe’s most prominent synthetic risk transfer, or SRT, originators are now locked in one of the continent’s most closely watched bank takeover battles. While coverage of UniCredit Group’s pursuit of Commerzbank has focused on politics and...

Published on Aug 5, 2026

Senior Departures Hit NatWest’s Nascent SRT Team

Reporting: Nadezhda Bratanova NatWest Markets is set to lose two senior members of its private credit syndicate team, according to sources. The duo are departing the desk that is in the process of building out the bank’s significant risk transfer, or SRT, program. Director Owen Muller and Vice...

Published on Aug 4, 2026

Americas Leveraged Finance Weekly: AI and Energy Demand Drives Primary Issuance as Calendar Thins

Reporting: Melina Chalkia, Caroline Hagood Relevant Item: Primary Tracker   Market Overview The primary leveraged finance market remains open but is settling into its seasonal slowdown, with refinancings dominating issuance and investor demand becoming increasingly selective....

Published on Jul 24, 2026