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Latham & Watkins Advises Newmarket Capital on International Finance Corporation’s Inaugural Trade Finance Synthetic Securitization
May 18, 2026
Paris team represents the alternative asset manager in landmark transaction supporting jobs and trade in emerging markets.
Latham & Watkins has advised Newmarket Capital on the International Finance Corporation’s (IFC) first trade finance synthetic securitization (TFSS). IFC is the private sector arm of the World Bank Group. This landmark transaction is designed to support trade and jobs in emerging markets.
The transaction involves a synthetic securitization structure comprising three tranches: a US$340 million senior tranche; a US$110 million mezzanine tranche, both privately placed on an unfunded basis with five investors; and a US$50 million junior tranche, placed with Newmarket Capital.
The Latham team was led by Paris partner Suzana Sava-Montanari, with associate Jaime Hall.