Solutions
Credit Solutions
As a global financial provider servicing 11.5 percent of the world’s financial assets,1 we offer the channels, choices and products that make financing simple and efficient. Backed by extensive experience in providing credit to the world’s largest asset managers and a broad range of institutions, we are well-positioned to help you achieve your growth goals.
Fund Finance
Subscription finance/Capital call: Our seasoned team specializes in deal execution and structuring, and provides capital call facilities to established private equity fund managers. These financing facilities help you to enhance overall returns by increasing operational efficiency and flexibility around the process of calling capital for the fund.
Real money funds – Leverage: We provide credit solutions to finance various asset types within the 40-Act Mutual Fund universe. Our team has a long track record as a market leader in the sector and has been at the top of the league tables for closed-end fund leverage facilities with a 20 percent market share, in addition to being a leader in the open-end and interval funds markets.*
Business development companies and private credit
Business development companies (BDCs): We provide permanent leverage and bolster the liquidity position for BDCs with highly valued commitments to our clients’ senior secured revolving credit facilities.
Private credit special purpose vehicles (SPVs): We provide permanent leverage for private credit funds with highly valued commitments to our clients’ senior secured revolving credit facilities and AAA-rated private credit collateralized loan obligations (CLOs).
Collateralized loan obligations
We support our clients with investments in their broadly syndicated CLOs. We participate in the AAA tranche of client transactions in the US and Europe.
Commercial real estate
Leveraging our industry leadership and capital markets expertise, we provide institutional sponsors with senior secured commercial mortgages to meet their core property private financing needs. We originate commercial real estate (CRE) loans to finance moderately leveraged, high quality, stabilized CRE properties in major North American metropolitan areas. Additionally, we offer competitive pricing, flexible prepay structures and provide fixed and floating rate options with tenures between 3 and 12 years.
Municipal finance
Backed by our strong and stable ratings,** we offer standby bond purchase agreements and letters of credit to support efficient issuances of bonds and commercial paper by municipalities in the capital markets. We also offer loans and lines of credit directly to meet your funding source diversification needs.
Stable value wrap
We support stable value funds with highly valued bank wrap capacity, providing liquidity at book value for participants of retirement and college saving plans.
Corporate, asset manager and insurance company
We provide lines of credit, term loans and letters of credit to certain strategic corporate, insurance and investment manager clients, typically through participating in syndicated credit facilities provided by major relationship banks.
The State Street difference
We are a market leader in providing liquidity and leverage financing to real money funds, and continue to rapidly expand our presence in alternatives, including private equity funds and development companies. Our customizable credit and liquidity solutions, diverse financing options and asset intelligence help you mitigate risks and maximize returns. We have over 20 years of experience providing global credit to some of the world’s largest institutional investors and can help you meet your business goals efficiently. With our global presence and local expertise, we support you through multiple geographies and time zones.
