Generated by All in One SEO v5.0.0.1, this is an llms.txt file, used by LLMs to index the site. # Seer Capital ## Sitemaps - [XML Sitemap](https://seercap.com/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [News](https://seercap.com/news/) - The latest news on Seer Capital Management LP - [Structured Credit Investor: Hedging Alternatives Eyed, JPM said to be exploring alternative risk transfer structures](https://seercap.com/news/structured-credit-investor-hedging-alternatives-eyed-jpm-said-to-be-exploring-alternative-risk-transfer-structures/) - Hedging Alternatives Eyed - [Structured Credit Investor: Regulatory block, US CRT sector is becalmed and regulators are to blame](https://seercap.com/news/structured-credit-investor-regulatory-block-us-crt-sector-is-becalmed-and-regulators-are-to-blame/) - [Structured Credit Investor: The Collins Catalyst: The increasingly onerous impact of the Collins Amendment is catalysing US banks to consider capital relief trades](https://seercap.com/news/structured-credit-investor-the-collins-catalyst-the-increasingly-onerous-impact-of-the-collins-amendment-is-catalysing-us-banks-to-consider-capital-relief-trades/) - [Structured Credit Investor: Game Changing Potential, opportunities in bank capital relief trade market](https://seercap.com/news/structured-credit-investor-game-changing-potential-opportunities-in-bank-capital-relief-trade-market/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-48/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-47/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-46/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-45/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-44/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-43/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-42/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-41/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-40/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-39/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-38/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-37/) - [If you can't beat 'em, join 'em](https://seercap.com/regcap/if-you-cant-beatem-joinem/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-36/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-35/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-34/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-33/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-32/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-31/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-30/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-29/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-28/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-27/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-26/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-25/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-24/) - [Reg Cap Recap](https://seercap.com/news/reg-cap-recap-23/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-22/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-21/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-20/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-19/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-18/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-17/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-16/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-15/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-14/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-13/) - [Reg Cap Leverage: Clearing Misconceptions](https://seercap.com/regcap/reg-cap-leverage-clearing-misconceptions/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-12/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-11/) - [Reg Cap Inexperienced Players Need Not Apply](https://seercap.com/regcap/reg-cap-inexperienced-players-need-not-apply/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-10/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-9/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-8/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-7/) - [Reg Cap recap](https://seercap.com/regcap-market-update/reg-cap-recap-6/) - [Reg Cap recap](https://seercap.com/regcap-market-update/reg-cap-recap-5/) - [Reg Cap recap](https://seercap.com/regcap-market-update/reg-cap-recap-4/) - [Reg Cap recap](https://seercap.com/regcap-market-update/reg-cap-recap-3/) - [2. Reg Cap Market Poised for Continued Growth](https://seercap.com/regcap/reg-cap-market-poised-for-continued-growth/) - [1. Reg Cap - A Better Way for Private Credit to Partner with Banks](https://seercap.com/regcap/reg-cap-a-better-way-for-private-credit-to-partner-with-banks/) - [4. Coming Opportunities in US Reg Cap](https://seercap.com/regcap/coming-opportunities-in-us-reg-cap/) - [3. Regulatory Clarification Opens US Reg Cap Market](https://seercap.com/regcap/regulatory-clarification-opens-us-reg-cap-market/) - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap-2/) - [Complex Bank Capital Regulations Provide Opportunities for Investors in Regulatory Capital Relief Transactions](https://seercap.com/commentary/complex-bank-capital-regulations-provide-opportunities-for-investors-in-regulatory-capital-relief-transactions/) - [Relative Value Considerations: Regulatory Capital Relief Junior Tranches vs Double-B Rated CLO Tranches](https://seercap.com/commentary/relative-value-considerations-regulatory-capital-relief-junior-tranches-vs-double-b-rated-clo-tranches/) - [US Banks To Fuel Significant Growth in Reg Cap Issuance US Regulatory Hurdle Must be Cleared](https://seercap.com/commentary/us-banks-to-fuel-significant-growth-in-reg-cap-issuance-us-regulatory-hurdle-must-be-cleared/) - [Bank Turmoil Creates Compelling Investment Opportunities in Reg Cap](https://seercap.com/commentary/bank-turmoil-creates-compelling-investment-opportunities-in-reg-cap/) - [Structured Credit Investor: Go Go CRT More supply, and US banks to join the party, say conference speakers](https://seercap.com/news/structured-credit-investor-go-go-crt-more-supply-and-us-banks-to-join-the-party-say-conference-speakers/) - [The Way Back](https://seercap.com/news/the-way-back/) - Reg cap gives US banks chance to regain market share from private credit Greater use of synthetic securitization will allow US banks to compete more effectively with the burgeoning private credit market, according to a detailed research piece from Seer Capital Management, the experienced SRT investor based in New York. Private credit, as the paper - [Episode 9: Terry Lanson, MD at Seer Capital](https://seercap.com/news/episode-9-terry-lanson-md-at-seer-capital/) - In this latest edition of SCI In Conversation, Terry Lanson, a managing director at Seer Capital in New York, joins US editor Simon Boughey to discuss the various pressures on US banks in the wake of the collapse of several regional names. As capital becomes more constrained rather than less, the SRT market presents itself - [Reg Cap Recap](https://seercap.com/regcap-market-update/reg-cap-recap/) - [Why Regulatory Capital Relief Junior Tranches Offer the Best Risk-adjusted Returns in Fixed Income](https://seercap.com/regcap/why-regulatory-capital-relief-junior-tranches-offer-the-best-risk-adjusted-returns-in-fixed-income/) - [Reg Cap: Growing Private Credit Opportunity for Partnership With Banks](https://seercap.com/regcap/reg-cap-growing-private-credit-opportunity-for-partnership-with-banks/) ## Pages - [Home](https://seercap.com/) - Seer Capital Management LP is a diversified, credit-focused investment firm founded by Phil Weingord in 2008 that primarily invests in structured credit and loans. We allocate capital opportunistically across all major asset classes within structured credit in the U.S. and Europe, including bank regulatory capital risk transfer (Reg Cap / SRT), residential and commercial - [Structured Credit Investor: Go Go CRT More supply, and US banks to join the party, say conference speakers](https://seercap.com/structured-credit-investor-go-go-crt-more-supply-and-us-banks-to-join-the-party-say-conference-speakers/) - News Go Go CRT More supply, and US banks to join the party, say conference speakers While 2022 was a record year in the global SRT market, with $20bn of issuance and some $140bn of assets referenced, 2023 will be even bigger, said speakers at the IMN Credit Risk Transfer conference in New York this - [Structured Credit Investor: Hedging Alternatives Eyed, JPM said to be exploring alternative risk transfer structures](https://seercap.com/structured-credit-investor-hedging-alternatives-eyed-jpm-said-to-be-exploring-alternative-risk-transfer-structures/) - News Hedging alternatives eyed JPM said to be exploring alternative risk transfer structures JP Morgan is believed to be exploring alternative risk transfer structures given the persisting uncertainty in the US around the regulatory treatment of synthetic securitisations. However, market sources believe that the impasse is expected to be resolved this year amid the incorporation - [Structured Credit Investor: Regulatory block, US CRT sector is becalmed and regulators are to blame](https://seercap.com/structured-credit-investor-regulatory-block-us-crt-sector-is-becalmed-and-regulators-are-to-blame/) - News Analysis Regulatory block US CRT sector is becalmed and regulators are to blame, say sources US regulators have blocked regulatory capital relief trades at a time when the mechanism would be of particular value to US banks, say well-placed market sources. So far in 2022, only Western Alliance Bank (WAB) has issued in - [Structured Credit Investor: The Collins Catalyst: The increasingly onerous impact of the Collins Amendment is catalysing US banks to consider capital relief trades](https://seercap.com/structured-credit-investor-the-collins-catalyst-the-increasingly-onerous-impact-of-the-collins-amendment-is-catalysing-us-banks-to-consider-capital-relief-trades/) - The Collins Catalyst The take-off of the US capital relief trades (CRT) market has been predicted for several years. But the increasingly onerous impact of the ramifications of the Collins Amendment could provide the tipping point. This amendment to the 2010 Dodd-Frank Act, named after Senator Susan Collins of Maine, requires US banks that are - [HomeXpress Mortgage Company](https://seercap.com/homexpress-mortgage-company/) - HomeXpress Mortgage Company is a non-QM loan originator founded by a group of mortgage professionals who have a long history of providing flexible solutions to borrowers who fall outside of the Prime/Qualified Mortgage space, while seeking to provide the best service levels to their broker partners in the industry. HomeXpress has been in the market - [MCE Finance](https://seercap.com/mce-finance/) - MCE Finance (“MCE”) is an Italian-based financial institution that originates cessione del quinto dello stipendio, or "CQS" loans, to Italian consumers. To obtain a CQS loan, the borrower, often a public employee or pensioner, pledges up to one fifth of their salary or pension (the meaning of "cessione del quinto dello stipendio") for up to - [Structured Credit Investor: Game Changing Potential, opportunities in bank capital relief trade market](https://seercap.com/structured-credit-investor-game-changing-potential-opportunities-in-bank-capital-relief-trade-market/) - News Analysis Game-changing potential In the second in our series of year-end interviews with investment managers about where they expect to see value in 2022, SCI caught up with CRT market veteran Seer Capital Opportunities for investment in CRT trades from US names will increase significantly in 2022, says Terry Lanson, a portfolio manager - [Locam Gestioni Srl](https://seercap.com/locam-gestioni-srl/) - Locam Gestioni Srl is a Rome-based company that evaluates, acquires and collects non-performing loans (“NPL”), and has been active in the Italian NPL market since 2002. The Firm is active in the residential and commercial mortgage loan market, having acquired a number of secured and unsecured portfolios. Portfolios are usually sourced through bilateral negotiation or - [Structured Credit Investor: Hedging Alternatives Eyed, JPM said to be exploring alternative risk transfer structures](https://seercap.com/news/structured-credit-investor-hedging-alternatives-eyed-jpm-said-to-be-exploring-alternative-risk-transfer-structures/) - https://www.structuredcreditinvestor.com/Article.asp?PUB=&ISS=27625&SID=82830&article=Hedging-alternatives-eyed - [Legacy Opportunity](https://seercap.com/market/) - Seer Capital Management Significant Opportunity in Structured Credit Over $3 trillion in legacy investment opportunities in the U.S. alone - [New Issue Opportunity](https://seercap.com/mortgage-opportunity/) - We expect to see more opportunities in the new issue market as banks and other regulated financial intermediaries recede from a central risk-provisioning role. - [About Seer Capital](https://seercap.com/about-seer-capital/) - Since 2008, Seer Capital has generated attractive risk-adjusted, equity-like returns for our investors with strong preservation of capital. - [Why Regulatory Capital Relief Junior Tranches Offer the Best Risk-adjusted Returns in Fixed Income](https://seercap.com/why-regulatory-capital-relief-junior-tranches-offer-the-best-risk-adjusted-returns-in-fixed-income/) - Overview The Bank Regulatory Capital Relief (“Reg Cap”) market is growing rapidly on the strength of a strong relative value story. In Reg Cap transactions, investors are paid to assume a tranche of the credit risk on a specific portfolio of the issuing bank’s assets, which reduces the bank’s regulatory capital requirements and can dramatically - [Episode 9: Terry Lanson, MD at Seer Capital](https://seercap.com/episode-9-terry-lanson-md-at-seer-capital/) - In this latest edition of SCI In Conversation, Terry Lanson, a managing director at Seer Capital in New York, joins US editor Simon Boughey to discuss the various pressures on US banks in the wake of the collapse of several regional names. As capital becomes more constrained rather than less, the SRT market presents itself - [Seer Portfolio Companies](https://seercap.com/seer-portfolio-companies/) - [Current Job Postings](https://seercap.com/current-job-postings/) - Currently no job listings - [Disclaimer](https://seercap.com/disclaimer/) - Seer Capital Management LP is a diversified, credit-focused asset manager that invests across the spectrum of securitized products. - [Terms of Use](https://seercap.com/terms-of-use/) - Persons who access the material made available by Seer Capital Management LP at its website on the worldwide web agree to the following terms: - [Investment Approach](https://seercap.com/investment-approach/) - Seer Capital has a proven, team-based investment approach, which was developed and refined over the last 25+ years of credit cycles. - [Tell Us About Yourself](https://seercap.com/new-investor/) - Seer Capital Tell Us About Yourself. Please fill out this form for more information about Seer. - [People](https://seercap.com/people/) - Seer's uniquely diverse and creative team, comprised of trading, origination, structuring and research professionals, best positions us to deliver. - [Contact](https://seercap.com/contact/) - Seer Capital Management LP is a diversified, credit-focused investment firm founded by Philip Weingord in 2008 that primarily invests in credit and loans. ## People - [Karen Weaver, C.F.A.](https://seercap.com/people/karen-weaver-c-f-a/) - Karen Weaver, CFA, is the Head of Market Strategy and Research of Seer Capital Management and is a member of the Firm’s Investment Committee. - [Chris Schoen](https://seercap.com/people/chris-schoen/) - Chris Schoen is a Principal and Portfolio Manager of Seer Capital Management responsible for all RMBS investments and a member of the Investment Committee. - [Richard d'Albert](https://seercap.com/people/richard-dalbert/) - Richard d’Albert is a Principal and co-Chief Investment Officer of Seer Capital Management and co-heads the Firm’s Investment Committee. - [Richard Kim](https://seercap.com/people/richard-kim/) - Richard Kim is the Chief Operating Officer of Seer Capital Management and is a member of the Firm’s Investment Committee and has a B.A. from Dartmouth College. - [Philip Weingord](https://seercap.com/people/philip-weingord/) - Philip Weingord is the Managing Principal and Chief Executive Officer of Seer Capital Management, which he founded in 2008. - [Andrew Dominus](https://seercap.com/people/andrew-dominus/) - Andrew Dominus is General Counsel and Chief Compliance Officer of Seer Capital Management. He graduated from Dartmouth College in 1986. ## Categories - [News](https://seercap.com/./news/) - [Commentary](https://seercap.com/./commentary/) - [Regcap](https://seercap.com/./regcap/) - [Regcap Market Update](https://seercap.com/./regcap-market-update/)