- Edge Focus successfully closes its inaugural $150 million asset-backed securities (ABS) transaction, EDGEX 2025-1NN.
- The transaction was structured by CRB Securities with Nelnet Bank (NNI, Financial) as a co-sponsor.
- Edge Focus plans to become a frequent issuer in the ABS market, leveraging proprietary technology tools.
Edge Focus, a private credit firm specializing in consumer assets, has announced the successful closing of its inaugural asset-backed securities (ABS) transaction, EDGEX 2025-1NN, securing $150 million in collateral. This major milestone opens the door for Edge Focus' regular presence in the securitization market through its new EDGEX issuance program.
The transaction was structured by CRB Securities with Nelnet Bank, a wholly-owned subsidiary of Nelnet, Inc (NYSE: NNI), serving as a co-sponsor. The offering comprised two unrated senior notes placed with prominent institutional investors, showcasing strong market confidence amid prevailing financial volatility.
Edge Focus utilizes proprietary technology tools for its operations, including Origin, a credit decisioning engine, and Lens, a platform for portfolio analytics and performance monitoring. These tools enable Edge Focus to efficiently originate and structure high-quality, data-driven collateral.
Commenting on the transaction, Elliott Lorenz, co-founder and CEO of Edge Focus, remarked, "This deal represents a transformative step for Edge Focus. The success of this inaugural ABS offering validates our approach and sets the stage for a recurring presence in the securitization market."
The collaboration with Nelnet Bank strengthens the partnership between the two entities. Judd Deppisch, Chief Investment Officer of Nelnet Financial Services, stated, "Nelnet is excited to be involved in this transaction. Their methodical approach to credit analytics and proprietary technology platform brings a fresh perspective to the market, and we're excited to collaborate on this transaction and future initiatives to deliver value to investors."
