Cadwalader Advises on Securitisation of Loans Originated Through the Funding Circle Platform, a First for Marketplace Lending in Europe

May 24, 2016

Cadwalader has advised on the first securitisation of marketplace loans in Europe. The firm advised the arranger of a securitisation backed by £130m of loans to UK SMEs originated on the Funding Circle platform. This is the first public, rated securitisation of marketplace loans in Europe.

“Cadwalader is known globally for its long history as a leader in securitisation, including our development of ground-breaking structures to support our clients’ and the industry’s changing needs,” said Jeremiah Wagner, a partner in Cadwalader’s Capital Market’s practice in London. “As the marketplace lending industry has evolved to attract increased institutional funding, we are helping lenders to raise capital efficiently through new securitisation models.”

The deal was led by Capital Markets partner Jeremiah Wagner and included Capital Markets associates Patrick Leftley, WonJu Sul and Oliver McBain, as well as Tax partner Adam Blakemore and associate Catherine Richardson, all in London.

The Funding Circle deal and other recent, similar transactions continue to solidify Cadwalader’s  leading position in the European securitisation and Fintech space; Cadwalader was recently recognised by The Legal 500 as UK Firm of the Year for Finance (Securitisation).