Another Fine Mezz

On this week's episode of Another Fine Mezz , reporters George Smith and Victoria Thiele put up with a rather exhausted and jet lagged host, Tom Lemmon.  Arini priced its long-awaited debut European CLO but as is becoming the norm for new entrants into the market, both in Europe and the US, the firm had to pay a slight premium. However, that in itself is not a bad thing, as Victoria also wrot...

This week's episode of Another Fine Mezz saw GlobalCapital's Tom Lemmon host from the comfort of his home in London for the final time, at least this year as he boards a plane to New York City.  European ABS reporter George Smith was a little under the weather, but CLO reporter Victoria Thiele stepped up to take the limelight and explain how raising capital for captive CLO equity funds i...

It was back to normal for this week’s episode of Another Fine Mezz as Tom Lemmon welcomed back reporters Victoria Thiele and George Smith. With market activity drifting towards hibernation, that normally means it’s time for regulators to take centre stage. And so, the UK’s Prudential Regulation Authority (PRA) did, with its consultation paper on securitization and how it relates to the capital mar...

In this week's episode of Another Fine Mezz, Tom Lemmon reported from Miami at IMN and FIIN's ABS East 2023 conference, while the usual suspects, Victoria Thiele and George Smith, were given a well-earned rest.  Jennifer Thomas, vice president and portfolio manager at investment firm Loomis Sayles joined the podcast in between her hectic schedule as her team looked for opportunities amid...

Tom Lemmon had his head in the clouds this week as he took off for Miami (if you’re at ABS East, get in touch for a meeting). So, it was up to Victoria Thiele and George Smith alone to discuss European securitization. Equity release mortgages have been securitized in mostly private transactions for a long time, but George has heard good reasons why they might be on the verge of progressing into a...

Over the past week, host Tom Lemmon has (almost) come to terms with being the wrong side of 30, and is ready to apply the wisdom of old age to European Securitization with reporters George Smith and Victoria Thiele. BPCE's prime French RMBS shocked bankers this week, but George Smith thinks it might be a sign that the market can finally move on from its summer struggles with the triple-As. Me...

For this week’s episode of Another Fine Mezz , Tom Lemmon was joined by Ares Management’s co-head of alternative credit, Joel Holsinger to discuss the Private Credit Summit at ABS East 2023. Ares are one of a number of private credit firms set to descend on Miami in two weeks’ time. Holsinger, also a keynote speaker at the conference, explained why firms like his are taking an even greater interes...

This week's episode of Another Fine Mezz was something of an international tour with a wrap of the annual TSI Congress in Berlin and a discussion about the upcoming ABS East conference in Miami.  European ABS reporter George Smith was in Berlin last week and with the help of European CLO reporter (and German national) Victoria Thiele, discussed why this year's conference had a distinctly...

With GlobalCapital's CLO reporter Victoria Thiele taking in the last of the summer holidays, remaining podcast presenters George Smith and Tom Lemmon were left considering taking the show in a new creative direction.  Away from team politics, the European ABS market continues to fire. Curiously, it seems the mezzanine notes are getting considerably hotter than the seniors. We try to explain w...

Bleary-eyed, European ABS reporter George Smith returned for this week's episode of Another Fine Mezz after the birth of his first child three weeks ago. However, there was no gentle easing in as the European securitization market kicked into gear with a flurry of issuance . In particular, prime UK RMBS continued its resurgence with Principality Building Society yet another UK issuer that was...

At one point last week,  Another Fine Mezz  host Tom Lemmon worried he might be recording a podcast all alone as his colleagues got their last bits of summer holidays (and paternity leave) completed.  However, CLO reporter Victoria Thiele was on hand to save the day. It was a timely intervention as the European ABS market reopened with 8 deals entering the pipeline last week.  Santander kicked thi...

Another Fine Mezz remains only two thirds full as European ABS reporter George Smith enjoys fatherhood and sleep deprivation. Thankfully, securitization deputy editor Tom Lemmon was kept company by European CLO reporter Victoria Thiele.  European Significant risk transfer (SRT) is set for another record year in 2023 after various regulatory disasters were averted. Meanwhile in the US, there is hop...

For this week's episode of Another Fine Mezz, securitization deputy editor Tom Lemmon is kept company by European CLO reporter Victoria Thiele as European ABS reporter George Smith is off to become a Dad. In the US, specialist CLO equity funds believe they're "winning the argument" as limited partners (LPs) who invest in the manager-retained equity (known as captive funds) beco...

For this week's episode of Another Fine Mezz, s ecuritization deputy editor Tom Lemmon returned from his holidays (and golfing misery) to host, while all in the GlobalCapital stable are hoping this episode will be ABS reporter George Smith's last before he takes a breather to become a father. Patrick Drahi, founder of telecom and media giant Altice tried to calm the nerves among CLO mana...

Regular podcast host Tom Lemmon was away for another week, but Victoria Thiele and George Smith held the fort and put together a brand-new episode of Another Fine Mezz . The UK government is handing the power to make securitization rules over to the FCA and PRA . Market participants are pleased by the prospect of speedier processes and speculate about life after EU regulation. Apollo plots the fir...

One week into the new and improved second life of Another Fine Mezz , host Tom Lemmon is taking a well-deserved holiday. Markets never stop, of course, and so Victoria Thiele and George Smith sat down to discuss the biggest stories in European Securitization, as well as some interesting bits and pieces that were not featured in GlobalCapital articles this week. Bankers and investors expect more Eu...

After a long hiatus, GlobalCapital's dedicated securitization podcast, Another Fine Mezz makes its return.  The podcast also underwent a mini makeover, with two more reporters joining Tom Lemmon to discuss the biggest stories of the week in European securitization.  Middle-market CLOs in Europe are struggling to get off the ground with the companies behind the loans often too small to meet th...

GlobalCapital's dedicated securitization podcast, Another Fine Mezz , makes its long awaited return as market participants from across the world gather for SF Vegas 2023. Michael Bright, the Structured Finance Association's CEO, joined GlobalCapital 's Tom Lemmon to discuss what to see at the conference, what the tone will be after the rollercoaster year of 2022, and who he's m...

Welcome to the second episode of Another Fine Mezz, GlobalCapital’s new podcast about securitization where we explore the most pressing issues in the market with some its most senior figures.  In this episode we take a dive into the CLO markets in the US and Europe. 2021 was a bumper year for CLOs with record issuance in both markets. 2022 however, has been a rather more chastening experience, par...

Welcome to Another Fine Mezz , GlobalCapital’s new podcast about securitization where we explore the most pressing issues in the market with some of its most senior figures.  Global ABS, the biggest securitization conference in Europe, is returning to Barcelona on June 14 for the first time since 2019. Everyone who’s anyone in European securitization will be there and so in anticipation of the eve...