Edge Focus Closes Inaugural $150 Million ABS Deal, Launching Its Tech-Enabled Credit Platform Into the Capital Markets
Edge Focus, a fast-growing private credit firm focused on consumer assets, today announced the successful closing of its inaugural asset-backed securities (ABS) transaction EDGEX 2025-1NN, securing funding for $150 million in collateral. The deal marks a major milestone in the company's capital markets strategy and establishes the foundation for its ABS issuance program, EDGEX.
The transaction was led by CRB Securities who structured the transaction, with Nelnet Bank, a wholly owned subsidiary of Nelnet, Inc (NYSE:NNI, "Nelnet")), serving as co-sponsor. The offering featured two unrated senior notes that were 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.
"This deal represents a transformative step for Edge Focus," said Elliott Lorenz, co-founder and CEO of 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."
Edge Focus expects to be a frequent issuer in the ABS space, leveraging its proprietary technology tools to originate and structure high-quality, data-driven collateral at scale. These tools include Origin, Edge Focus' credit decisioning and pricing engine, and Lens, its portfolio analytics and performance monitoring platform.
"This first transaction received strong support from a sophisticated group of institutional investors," said Jeff Andrews, Chief Revenue Officer at Edge Focus. "There is a clear appetite for differentiated, data-driven credit exposure, and we are excited to build on this momentum with future issuances."
"We are thrilled to have led the placement of Edge Focus' inaugural ABS transaction," said Ryan Callahan, Head of Structured Products at CRB Securities. "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."
"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," said Judd Deppisch, Chief Investment Officer of Nelnet Financial Services. "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."
About Edge Focus:
Edge Focus is a technology-driven investment firm that delivers Curated Access to Consumer-Focused Private Credit—with Edge. Through its proprietary platforms, Origin and Lens, Edge Focus manages funds, SPVs, and SMAs, while also powering fintech partners with advanced underwriting and portfolio analytics tools. Learn more at www.edgefocuspartners.com.
About CRB Securities:
CRB Securities, LLC ("CRBS") is a wholly owned subsidiary of CRB Group Inc, a bank holding company, and the parent company of Cross River Bank ("CRB"), established in 2008. CRB Securities is an SEC-registered broker-dealer and FINRA member. CRB Securities was created to solve the financing needs of clients that are looking to access the capital markets through the issuance of securities. Through CRB Securities, Cross River clients can diversify their funding strategy in a flexible and operationally efficient manner. For more information on CRB Securities, please visit https://brokercheck.finra.org.
About Nelnet:
Nelnet (NYSE:NNI) is a diversified company with primary businesses being consumer lending, loan servicing, payments, and technology—with many of these businesses servicing customers in the education space. Nelnet also invests in fiber communications, early-stage and venture capital, real estate, reinsurance and solar energy. Headquartered in Lincoln, NE, Nelnet has more than 6,700 associates globally. For more information, visit www.nelnetinc.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250416118507/en/
Jeff Andrews
CRO
[email protected]