ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

DSL DoubleLine Income Solutions Fund

12.89
0.00 (0.00%)
14 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
DoubleLine Income Solutions Fund NYSE:DSL NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 12.89 12.95 12.84 12.92 336,551 01:00:00

DoubleLine Briefing: Investing in Data Center Asset-Backed Securities

29/10/2024 2:05pm

PR Newswire (US)


DoubleLine Income Soluti... (NYSE:DSL)
Historical Stock Chart


From Oct 2024 to Dec 2024

Click Here for more DoubleLine Income Soluti... Charts.

TAMPA, Fla., Oct. 29, 2024 /PRNewswire/ -- In a new research paper, Stephan Diaz Ellinghaus, a Specialist on DoubleLine's Asset-Backed Securities (ABS) team, and Client Portfolio Manager Phil Gioia, CFA, find in data center ABS "high-yielding investment opportunities with modest risk."

DoubleLine Logo (PRNewsfoto/DoubleLine)

The paper, "Securitizing the Digital Present & Future: Investing in Data Center Asset-Backed Securities (ABS)," can be accessed here: https://doubleline.com/wp-content/uploads/Securitizing-the-Digital-Present-and-Future_October-2024.pdf 

Data centers provide critical infrastructure, Messrs. Diaz and Gioia write, "to support the technologies that are now critical to people's everyday lives." These include emerging technologies such as machine learning, virtual reality, augmented reality and artificial intelligence as well as established ones, for example, email, messenger, streaming and social media.

Securitization, the authors note, is a rapidly growing avenue for the financing of data center assets. Primary-market issuance is "on track to hit record issuance in 2024, with more than $8 billion expected. The total data center ABS market outstanding could reach $50 billion by 2027, up from $25 billion in 2024."

DoubleLine, they write, is finding compelling opportunities in data center ABS throughout the capital structure. Subordinate and mezzanine tranches at present "offer the most attractive risk-adjusted return profiles. Like the senior tranches, the subordinate tranches are generally resilient to stress cases and benefit from the same industry dynamics and sticky client base and have more attractive spread and yield."

About the DoubleLine Asset-Backed Investment Team

The Asset-Backed Securities Investment team manages $5.2 billion in ABS investments as of the close of the third quarter 2024. Its seven members have worked together since 2013 and, among other professionals, call upon the additional support of 60 corporate and structured-products analysts and 21 risk analysts at DoubleLine. DoubleLine enjoys captive sourcing channels including securitizations of financings of data centers and other telecommunications infrastructure. The team has extensive experience in public and private ABS markets across the risk spectrum.

About DoubleLine

DoubleLine Capital LP is an investment adviser registered under the Investment Advisers Act of 1940. DoubleLine's offices can be reached by telephone at (813) 791-7333 or by email at info@doubleline.com. Media can reach DoubleLine by email at media@doubleline.com. DoubleLine® is a registered trademark of DoubleLine Capital LP.

DoubleLine || 2002 North Tampa Street, Suite 200 || Tampa, FL 33602 || +1 (813) 791-7333

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/doubleline-briefing-investing-in-data-center-asset-backed-securities-302289914.html

SOURCE DoubleLine

Copyright 2024 PR Newswire

1 Year DoubleLine Income Soluti... Chart

1 Year DoubleLine Income Soluti... Chart

1 Month DoubleLine Income Soluti... Chart

1 Month DoubleLine Income Soluti... Chart

Your Recent History

Delayed Upgrade Clock