Structured credit is an essential part of today’s private credit markets, providing financing for businesses and asset owners across a broad range of sectors. By pooling loans, receivables, and other cash-flowing assets and matching them with different forms of capital, structured-credit transactions can expand funding sources, manage risk, and create investment opportunities tailored to distinct risk-and-return objectives.
Yet the market’s structures, terminology, and risk considerations can be complex—and it continues to evolve. From asset-backed finance, esoteric securitizations, and warehouse facilities to CLOs, CFOs, rated note feeders, mortgage-backed securities, and other bespoke financings, market participants must navigate changing asset performance, documentation, regulation, liquidity, and investor demand.