The settlement additionally represents MUFG’s first structuring mandate on a undertaking finance CLO, with this CLO supported by a $ 500 million undertaking finance pool and company infrastructure loans secured primarily by tasks of long-term vital fundamental infrastructure. STWD 2021-SIF1 was designed to optimize Starwood’s portfolio administration technique whereas leveraging MUFG’s expertise in undertaking finance lending.
“This is a crucial transaction for our securitized product group. We’ve seen demand from the US and Europe, as buyers search loan-backed undertaking finance preparations to diversify their investments and threat profile, ”stated Tricia Hazelwood, Worldwide Head of Challenge Finance. securitized merchandise at MUFG. “We’ve seen superior execution for Lessons A by D of this CLO, together with plenty of new buyers within the space of undertaking finance.”
“We’re very happy to announce the award for our inaugural CLO vitality infrastructure, a primary of its type within the structured finance markets,” stated Andrew Sossen, COO of Starwood Property Belief. “This important transaction improves the return on our belongings by non-recourse time period counterparty financing with no publicity to market worth. We would like this CLO to be the primary of many for Starwood Infrastructure Finance. “
The CLO is managed by STWD Funding Administration, an entirely owned subsidiary of Starwood Property Belief.
Starwood Property Belief is a finance firm that primarily focuses on the true property and infrastructure sectors. A subsidiary of worldwide non-public fairness agency Starwood Capital Group, the corporate has deployed greater than $ 66 billion in capital since its inception and manages a portfolio of greater than $ 18 billion in debt and fairness investments.