Structured Finance

We advise private capital investors, banks, credit funds, insurers, corporates and other market participants in unlocking capital and creating both traditional and bespoke financing structures to provide liquidity in a broad range of financing scenarios.  

We are known for the expertise we bring to clients who require support navigating sophisticated, cross-border financings across all major asset classes, receivable types and investment strategies. From securitisations and speciality financings to structured products, repackagings and asset-based lending transactions, we collaborate with our clients to find novel solutions to complex financings. 

Our team is experienced in a wide range of transactions, including:

• securitisations and structured financings across all major asset classes and investment strategies, including residential and commercial mortgages, consumer credit, corporate loans (broadly syndicated loans and middle market), credit cards, auto loans, trade receivables and whole businesses;
• asset-based lending;
• significant risk transfer (SRT) transactions;
• back leverage;
• repackagings;
• rated note feeders and other fund-linked products;
• warehouse financing;
• forward flow arrangements; and
• speciality finance.

We’re also known for our collaborative approach, which means we work closely with our specialists in tax, private funds, investment management and derivatives and trading to provide coordinated advice across the entire structured finance landscape. 

Work highlights include advising:

• Quilam on the establishment of a joint venture with J.P. Morgan, with the creation of a partnership with the objective of building a market leading offering to the UK and European non-bank speciality finance sectors;
• ARA Venn, together with Saltaire Housing Limited and Saltaire Finance plc on the establishment and updates of the bond programme for the Affordable Housing Guarantee Scheme, increasing the size of the programme from £3bn to £6bn and, separately, together with PRS Operations Limited and PRS Finance plc on the establishment of and updates of the bond programme for the Private Rented Sector Housing Guarantee Scheme and multi-billion issuances under those programmes;
• Hampshire Trust Bank Plc on the provision of a senior revolving credit facility to Blazehill Capital;
• a real estate credit fund on the establishment of its real estate repo back leverage note programme arranged by a UK-based investment bank;
• a global investment firm on a €600m asset-backed lending facility that both UK and US investment banks made available to an asset holding company for the global investment firm;
• a specialist equity release mortgage provider on its innovative forward flow warehouse arrangements provided by a US-headquartered multinational bank; and
• multiple private capital managers on over 100 SRT transactions across various asset classes and including back leverage arrangements.