Morgan Stanley Investment Management (Morgan Stanley IM) has closed its first consumer loan-backed private securitisation with approximately $220m (£162.5m) of capacity.
The deal, named Multi-originator Structured Asset Based Finance Trust 2026-1 (MSABF 2026-1), was completed through the asset manager’s AIP Alternative Lending Group and features multiple tranches of investment-grade loans rated by KBRA.
The transaction is a revolving, pre-funded private securitisation designed to provide insurance companies and asset managers with consumer credit exposure offering predictable cash flows and a long-term reinvestment framework.
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“MSABF 2026-1’s revolving and rated structure provides diversifying exposure to consumer credit, an asset class to which many investor portfolios remain meaningfully underexposed,” said Ken Michlitsch, managing director at AIP Alternative Lending Group. “Our structure was designed with intentionality to address the needs of both insurance clients and asset managers, while offering our loan origination partners stable funding that supports their continued growth.”
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Morgan Stanley IM, which has $1.9tn in assets under management, is the parent company of AIP Alternative Lending Group, which focuses on allocating capital to loans underwritten by fintech-driven lending platforms.
