Investment size
$1-$50M
Average term
1-5 years
Geography
Global
Strategy Description
The Arena Asset-Backed Securities team originates investments or loans backed by a broad range of financial assets and facilitates the purchase and liquidation of these assets. We finance and invest in “off-the-run” loans and securities backed by mortgages (commercial and residential), equipment leases, auto loans, retail purchase loans and unsecured consumer loans.
Structures include, among others, esoteric asset securitizations, synthetics, CLOs and CDOs, and aviation or other leased asset securitizations.
Assets & Industries
- Aircraft, aircraft engines and other parts
- Autos
- BDCs
- Commercial equipment, machinery
- Commercial receivables
- Commission payments
- Corporate bonds and leveraged loans
- Credit cards
- Entertainment royalties
- Equipment financing
- Franchise loans
- Insurance products
- Intellectual property
- Legal settlements
- Marine assets including ships and containers
- MCA/SME loans
- Medical receivables
- Mortgages, real property
- Railcars
- Securitized products
- Solar
- Student loans
- Tax liens, tax credits
- Trade finance
- Whole businesses
Underwriting Ability
Broad opportunity set across vanilla securitized, esoterics, and securitized-adjacent corporates
Investment Structures
- CBOs
- CLOs
- CMBS
- MBS
- RMBS
- REITs
- Consumer ABS
- Esoteric ABS
- WBS
- FIG Corporates