At the heart of Cairn Capital’s competitive advantage in credit is its in-house highly structurally literate and well regarded structuring team.
There are six core members of this team as at , all of whom were previously at major investment banks or major financial institutions where they held senior positions in various credit roles.
The structuring team’s role can be broken into three principal roles:
Working with an investment bank’s own structuring team to ensure that any public or private trades are structured in the most robust manner to ensure that Cairn’s asset managers are able to maximise returns for investors.
The structuring team will occasionally carry out third party advisory mandates. During 2005 it structured, arranged and placed a £9 billion synthetic securisation for a major European bank of its unsecured consumer loan portfolio.
The team, combining extensive product structuring knowledge, work-out experience and a fundamental understanding of credit and the legal environment, enables Cairn Capital to deploy significant resources to advisory mandates in relation to restructurings and similar situations.
As at Cairn Capital has advised on transactions involving:
- Leveraged loans
- SIVs
- Real estate
- ABS
Furthermore, Cairn has restructured transactions in the SIV and real estate markets.
