Cheyne Capital Re-Enters Significant Risk Transfer Market
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Cheyne Capital
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Cheyne has a strong track record in this market and was an early participant, completing its first transaction in 2004
Most recent transactions were made on behalf of the latest vintage of the Cheyne Risk Transfer strategy, launched this month
London, 18th April 2024 – Cheyne Capital has re-entered the Significant Risk Transfer (SRT) market in which it was previously active from 2004 – 2018, achieving a strong track record over that time. Earlier this month, Cheyne launched the latest vintage of its Risk Transfer strategy and fully deployed its capital immediately into multiple transactions.
Significant Risk Transfer transactions allow banks to buy protection for their loan portfolios to release regulatory capital or manage risk. SRT issuance volume and frequency have grown in recent years as banks seek to improve capital ratios and diversify sources of capital.
Sean Boland, Head of Corporate Credit and Risk Transfer at Cheyne Capital, said: “Our re-entry into the SRT market illustrates our conviction that it is a scalable, long-term asset class capable of producing attractive absolute and risk-adjusted returns for our investors. Our multi-decade and cycle-tested history in underwriting and managing credit risk, coupled with our partnership-driven approach, gives issuers and investors confidence in our stewardship and provides us with a substantial pipeline of investment opportunities.”
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About Cheyne Capital
Launched in 2000, Cheyne Capital is one of Europe’s leading alternative investment managers and is headquartered in London. Cheyne invests across the capital structure, from senior debt to corporate and real estate equity. Real estate investments account for approximately half of the firm’s $13 billion under management and span direct real estate lending, securitised European real estate debt and selective special situations, including impact real estate investing in affordable and specialist housing.
Cheyne Capital Management (U.K.) LLP is authorised and regulated in the U.K. by the Financial Conduct Authority and registered as an Investment Adviser in the U.S. by the Securities and Exchange Commission. Cheyne Capital SMC Limited is an Alternative Investment Fund Manager authorised by the Central Bank of Ireland under the European Union (Alternative Investment Fund Managers) Regulations 2013. Cheyne is a signatory to the United Nations-supported Principles for Responsible Investment (PRI), a member of the Alternative Investment Management Association (AIMA), a founding member of the Alternative Credit Council and one of the initial signatories to the Standards Board for Alternative Investments (SBAI).
For all media enquiries:
Cheyne Capital Prosek Partners (Pro-Cheyneuk@prosek.com)
