James Jirtle

Partner

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James advises arrangers, sponsors, issuers and investors on securitisations, including collateralised loan obligations (CLOs), consumer asset-backed securities, residential mortgage-backed securities and esoteric asset classes, such as commodities, telco receivables and tax receivables, and provides advice on risk retention and other related regulatory matters.

James has advised on over 25 EUR CLOs. He also advised on the world's first "true sale" securitisation of commodities (recognised by the Financial Times as a "Standout" deal in the Innovative Lawyer Awards 2018) and the UK's first mobile handset securitisation (winner of Finance Team of the Year in the Legal Business Awards 2017).

  • James’s experience includes advising on the following:

    • Arrangers and managers on over 25 EUR CLOs. Recent transactions include advising:
      • Citibank as placement agent of a reset of St Paul’s CLO X for ICG; 
      • Morgan Stanley as arranger of a reset of Adagio IV CLO for AXA Investment Managers;
      • Morgan Stanley as arranger of refinancings of Jubilee CLO 2014-XI, Jubilee CLO 2014-XII and Jubilee CLO 2016-XVII for Alcentra;
      • Morgan Stanley as arranger of a refinancing of Man GLG Euro CLO III for GLG;
      • Goldman Sachs as arranger of a reset of St Paul’s CLO II for ICG; and
      • BNP Paribas as arranger of Sutton Park CLO for Blackstone / GSO.
    • Trafigura on the establishment of the world's first "true sale" commodities securitisation programme financing crude oil and refined metals inventories in the United States and jurisdictions across Europe, the Middle East and Asia-Pacific.
    • An Italian alternative real estate lender on the establishment of its securitisation programme.
    • A UK alternative consumer finance provider on its loan securitisation platform.
    • An alternative mortgage originator on the establishment of its UK buy-to-let mortgage platform.

    Please note: James's experience includes that prior to joining Orrick.