Edge Focus, a private credit firm focused on consumer assets, announced the closing of its inaugural asset-backed securities (ABS) transaction EDGEX 2025-1NN while securing funding for $150 million in collateral. This deal marks a significant milestone in the company’s capital markets strategy and establishes the foundation for its ABS issuance program EDGEX.
The deal was led by CRB Securities, which structured the transaction, with Nelnet Bank, a wholly owned subsidiary of Nelnet, serving as co-sponsor. This offering featured two unrated senior notes placed with major institutional investors, reflecting strong demand for Edge Focus’ technology-driven credit structuring, particularly in light of the challenging conditions currently roiling financial markets.
Edge Focus expects to be a frequent issuer in the ABS space, utilizing its proprietary technology tools to originate and structure high-quality, data-driven collateral at scale. And these tools include Origin, Edge Focus’ credit decisioning and pricing engine, and Lens, its portfolio analytics and performance monitoring platform.
KEY QUOTES:
“This deal represents a transformative step for Edge Focus. We built our platform to challenge legacy credit models and unlock smarter, more dynamic capital access. The success of this inaugural ABS offering validates our approach and sets the stage for a recurring presence in the securitization market. Completing our first ABS deal in a market that is experiencing such volatility is a real indication of the value we present to our investing partners.”
- Elliott Lorenz, co-founder and CEO of Edge Focus
“This first transaction received strong support from a sophisticated group of institutional investors. There is a clear appetite for differentiated, data-driven credit exposure, and we are excited to build on this momentum with future issuances.”
- Jeff Andrews, Chief Revenue Officer at Edge Focus
“We are thrilled to have led the placement of Edge Focus’ inaugural ABS transaction. The strong investor demand for this offering underscores the market’s confidence in Edge Focus’ innovative, technology-driven approach to private credit. We look forward to supporting their future issuances as they continue to redefine the ABS landscape.”
- Ryan Callahan, Head of Structured Products at CRB Securities
“Nelnet is excited to be involved in this transaction and for Nelnet Bank to co-sponsor Edge Focus’ inaugural $150 million ABS issuance. We are thrilled to continue to expand our partnership with Edge Focus and support their continued success. 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.”
- Judd Deppisch, Chief Investment Officer of Nelnet Financial Services
