Structured credit transaction issued through Kingsbury Securitisation Platform SARL brings total CLN issuance to USD 30 million to Alt Lending.
Dubai, United Arab Emirates / Luxembourg — 20 July 2025: Kingsbury & Partners (Luxembourg) today announces a USD 15,000,000 senior secured facility for Alt Lending LLC, a US-based private student loan refinancing company, structured as a Credit Linked Note (CLN) and issued through Kingsbury Securitisation Platform SARL, the firm's Luxembourg-registered securitisation vehicle.
The transaction follows the successful completion of an initial facility to Alt Lending extended in March 2025. Across both tranches, total CLN issuance volume reaches USD $30,000,000 to Alt Lending. The CLN has been structured with a UAE-based family office, which is placing the full capital allocation.
A Market at an Inflection Point
The US student lending market stands at approximately USD 1.8 trillion, of which private student loans represent around USD 150 billion. Within that, an estimated USD 30 billion sits in distressed, delinquent, or default status — the segment Alt Lending targets, where borrower quality is sound but existing loan terms or servicer relationships have broken down.
Alt Lending's model is built around a single core mechanic applied across two channels: acquiring existing private student loans from lenders at steep discounts — between five and thirty-five cents on the dollar — and refinancing them on terms that work for the borrower. The discount reflects distress at the portfolio or servicer level, not necessarily at the borrower level, which is where Alt Lending's underwriting edge sits. Through its direct platform, it does this loan by loan, engaging borrowers individually and refinancing their existing debt. Through its portfolio acquisition channel, it does the same thing in bulk, buying books of loans from third-party originators and applying its underwriting framework to assess quality before deployment. The mechanism is the same in both cases; the ticket size and sourcing route differ.
Ben Rockell, Managing Partner at Kingsbury & Partners, commented: "Alt Lending has a clear model, disciplined underwriting, and a track record that stood up to scrutiny on the ground. In our recent visit to Scottsdale, we found a management team that knows its market and a portfolio that has performed as expected — Tranche II is a direct result of what we saw on the ground.
John Hubball, Chief Investment Officer at Kingsbury & Partners, commented: "What stood out in diligence was the consistency between Tranche I performance and what we underwrote at the outset. That consistency is what gives us conviction to extend further capital, and it's the standard we hold every origination partner to."
Transaction Structure
The CLN is issued through Kingsbury Securitisation Platform SARL, the Luxembourg-registered securitisation vehicle of Kingsbury & Partners, and is backed by a first-ranking security interest over Alt Lending's underlying private student loan portfolio. The full capital allocation has been placed by a UAE-based family office, with Fundamentals S.A., Kaiser Partner Privatbank AG, and Menhir Capital Management (DIFC) acting as structural counterparties on the note.
The use of Kingsbury Securitisation Platform SARL as the issuing vehicle provides institutional investors with a Luxembourg-domiciled wrapper for exposure to US private credit.
Proceeds are being deployed by Alt Lending to support the continued expansion of its origination book in the US private student loan refinancing market — a segment targeting creditworthy, post-graduation borrowers seeking alternatives to federal loan programmes.
About Alt Lending LLC
Alt Lending LLC is a US-based specialty finance company focused on private student loan refinancing. The business provides creditworthy borrowers with access to competitive refinancing terms outside the federal loan programme, targeting employed, post-graduation borrowers with verifiable income and established credit histories.
About Kingsbury & Partners
Kingsbury & Partners is a British-owned private credit and structured finance firm headquartered in Dubai, United Arab Emirates. The firm specialises in originating, structuring, and distributing private credit transactions for institutional allocators, family offices, and professional investors. Structured transactions are issued through Kingsbury Securitisation Platform SARL, the firm's Luxembourg-domiciled securitisation vehicle. K&P focuses on transactions backed by SME lending, growth-stage fintech receivables, and non-bank financial institution loan books. The firm acts as structuring adviser and placement agent across its deal pipeline.
Media Enquiries
Kingsbury & Partners | Kingsburyandpartners.ae
Nathan Rockell: Nathan.rockell@kingsburyandpartners.ae
This press release is issued for information purposes only and does not constitute an offer to sell or a solicitation to buy any financial instrument. This communication is directed at professional and institutional investors only. Kingsbury Securitisation Platform SARL is incorporated in Luxembourg. Past performance is not a reliable indicator of future results.
