New licence enhances SANNE’s European funds capability
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Director, Private Debt & Capital Markets
Conor is a director in SANNE's Private Debt & Capital Markets business division. He has more than 20 years’ experience in corporate services and his expertise and knowledge includes the structuring and administration of regulated entities as well as structured finance companies, with a specific focus on aviation leasing and securitisation vehicles.
Prior to joining SANNE in its Dublin office, Conor held a number of senior positions at an American multinational investment bank and a German global banking and financial services company. Conor is a chartered management accountant with a Masters in Business Studies and Bachelor of Commerce degree from University College Dublin.
Recent insight from Conor Blake
Charles Le Cornu, Head of Private Debt & Capital Markets
Martin Schnaier, Managing Director, Alternative Assets - EMEA
Conor Blake's specialisms
Private Debt Fund Administration
We provide a specialist service, spanning multiple jurisdictions, supported by experienced people and industry-leading loan administration systems. Teams work exclusively on debt funds and underlying SPVs for many of the world’s leading asset managers. We ensure availability at all stages of the transaction execution period and have the experience to properly implement legal and tax advice. Our experience within debt funds include the following strategies:
Direct Lending and Commercial Loans
Funds may include senior loans, including bank debt such as VFNs and RCFs, direct lending and sponsorless debt, small-cap mezzanine and corporate loans. We also perform value added services to managers such as borrower KYC on direct loans.
Non-performing secured and unsecured loans
With a focus on transaction management and financial reporting, our team works with major NPL managers acquiring distressed CRE loans, residential mortgages and personal finance portfolios across Europe including management companies relating to the portfolios.
Real Estate Finance
Real estate loans including senior, stretch senior and mezzanine facilities. We also provide loan administration services including providing an outsourced portfolio reporting and covenant tracking service to asset managers.
Large-cap and mid-market LBO deals across senior and subordinated debt tranches whether on a primary or secondary basis.
Infrastructure debt and project finance
Senior and mezzanine infrastructure debt and project finance including renewable energy and carbon credit orientated funds.
Structured credit and special situations
RMBS, CMBS, CDS, CLOs and other structured credit solutions.
Capital Markets Services
SANNE provides a complete suite of capital markets services to a range of onshore and offshore SPVs for many of the world’s major banks and global financial institutions. Our premium service levels have allowed us to grow our market share significantly over a sustained period. Our team is led by directors who are experts in capital markets transactions and structures, including securitisation programmes, repackaging deals and structured finance deals. SANNE is one of the few service providers that is able to act on both regulated and unregulated capital markets platforms.
In recent times, as asset managers replicate traditional banking activity within capital markets, we have seen the benefit of being well-integrated across the fund administration and capital markets teams, enabling a seamless service across both markets. SANNE’s capital markets capability was further strengthened by our acquisition of a leading bank’s capital markets business in the Channel Islands and Dublin during 2013. Our capital markets experience includes:
- Asset financing (aircraft, cars, trains, shipping)
- ABS, CMBS, RMBS
- CDOs, CLOs and derivatives thereof
- Covered bonds
- Commercial paper programmes
- Escrow agent
- Life settlements
- MTN programmes
- Multi-dealer issuer programmes
- Project finance
- Repackaging transactions
- Structured credit refinancing
- Trade and consumer receivables
Loan agency and security trustee services
SANNE was the first independent provider to enter the European market and deliver ISAE3402 accredited services to asset managers in the nascent direct lending and private real estate finance market. Our loan agency services have proven to be flexible, cost effective and conflict-free – for both lenders and borrowers. The team comprises highly experienced professionals from the banking industry, as well as buy side asset managers, resulting in a comprehensive, commercial approach to a key service within debt market transactions.
In addition to primary loan agency appointments, SANNE has frequently been appointed as replacement agent in situations where the incumbent’s position has become untenable or lenders have proactively decided to change the counterparty. We are also able to act as note trustee and escrow agent, completing the all in one service required by clients, with our service characterised by independence and integrity. Our agency team provides a wealth of experience and a responsive service for clients across the life cycle of any deal, including transaction closing, ongoing provision of accurate and timely information, cash movements and ensuring the necessary protocols are followed upon restructuring.
SANNE acts as independent facility agent and security trustee for leading asset managers, financial institutions and international corporates.