NorthWall acquires £277m Wolf IV securitisation

NorthWall Capital has acquired a £277m Wolf IV securitisation from credit management company Lowell.

This deal sees NorthWall secure 95% of senior and junior note holdings in the Wolf IV portfolio.

The securitisation includes over four million UK, unsecured, reperforming and non-performing consumer receivables.

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These were acquired through a bespoke private securitisation structure and funded through NorthWall’s Asset-Backed Opportunities and Opportunistic Credit strategies.

“The Wolf IV transaction is the result of collaborative structuring and diligent underwriting,” said Thomas Hengstberger, managing director at NorthWall and lead on the Asset-Backed Opportunities strategy.

“Having completed a number of prior transactions with Lowell, we were able to leverage our experience and partnership with Lowell to underwrite and structure a complex, large scale portfolio to address the needs of our counterparty as well as NorthWall funds.”

Earlier this month, NorthWall reported raising €1.6bn so far in 2025 due to a “significant increase” in institutional flows as more investors flock to private credit.

“European credit markets are undergoing a structural shift, as banks retreat from legacy exposures and higher interest rates reshape how financial assets are funded,” added Fabian Chrobog, CIO at Northwall.

“At NorthWall, we continue to find compelling opportunities to deploy capital through our Asset-Backed strategy at scale, and we expect this trend to continue over the foreseeable future.”

Read more: European private credit market ‘has potential to rival US’.