Blackstone has entered into a significant risk transfer (SRT) deal with Dutch bank ABN AMRO on a €2bn (£1.75bn) portfolio of corporate loans.
The transaction will give the $1.2tn (£897bn) alternatives manager exposure to a portfolio of ABN AMRO’s large corporate clients, while reducing the bank’s risk-weighted assets by €1.6bn and providing it with first-loss protection.
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“We are excited to expand our portfolio and deepen our relationship with ABN AMRO through this risk-sharing collaboration,” said Matthew Brest, senior managing director in Blackstone multi-asset investing.
ABN AMRO said the deal follows earlier portfolio management transactions completed in January and April 2025.
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“We are proud to have completed the execution of our inaugural SRT transaction with Blackstone, with success and strategic discipline,” said Dan Dorner, chief commercial officer corporate banking. “This aligns with our ambition to reallocate up to €8bn in risk-weighted assets by actively managing our portfolio.”
The transaction comes as regulatory capital regimes have tightened, prompting banks to seek ways to free up balance-sheet capacity, prompting growth of the SRT market in recent years.
Major deals include Apollo Global Management acquiring more than half of Deutsche Bank’s SRT on a $3bn leveraged loan portfolio last year.
