ATLAS SP

ATLAS SP

Asset-backed finance and securitization provider

Overview

ATLAS SP Partners provides stable funding and capital markets services for structured credit and asset-backed finance. It works with specialty finance companies, REITs, mortgage lenders, financial sponsors, and corporates to unlock value from existing assets using asset-backed capital, warehouse facilities, securitization programs, bridge capital, and acquisition financing. Revenue comes from fees and interest, backed by institutional partners like Apollo and BNP Paribas. The firm differentiates itself through bespoke, client-focused capital solutions and asset-management expertise to execute complex asset-backed transactions.

About ATLAS SP

Simplify's Rating
Why ATLAS SP is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Quantitative Finance

Financial Services

Company Size

51-200

Company Stage

N/A

Total Funding

N/A

Headquarters

New York

Founded

N/A

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Simplify's Take

What believers are saying

  • September 29, 2026 Pagaya deal added nearly $700 million of revolving funding capacity.
  • ATLAS announced $300 million for Northwind on May 28, 2026, extending real estate credit.
  • August 2026 deals with FTAI, Redaptive, Octane, and Aquila broaden origination fees.

What critics are saying

  • Bloomberg on September 22, 2026 flagged Atlas vehicles facing up to £1.1 billion MFS losses.
  • Heavy dependence on structured credit ties revenue to borrower performance and capital-market windows.
  • A Pagaya or Northwind credit event would freeze warehouse demand and damage Apollo's franchise.

What makes ATLAS SP unique

  • Apollo-backed ATLAS SP combines warehouse lending, securitization, and advisory across one platform.
  • Carey Lathrop became CEO by September 2026, reinforcing continuity after Credit Suisse talent migration.
  • ATLAS repeatedly anchors bespoke financings for Pagaya, Northwind, FTAI, Sunrun, and Wayflyer.

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Benefits

Performance Bonus

Company News

American Banker
Sep 29th, 2026
Pagaya launches its first revolving facility for $700 million.

Pagaya launches its first revolving facility for $700 million. Published September 29, 2026, 6:02 p.m. EDT Pagaya Technologies has launched its first variable funding note (VFN) facility, working with ATLAS SP Partners to create $700 million in personal loan funding capacity for its lending platform. The vehicle will be dedicated to seasoning consumer loans, newly originated through Pagaya's proprietary artificial intelligence-driven underwriting system, before they are ready to be packaged into securitized bonds, the company announced. Aside from conferring more operational flexibility to Pagaya, it will allow the assets to build real-time performance data to optimize execution for its AAA-rated Pagaya AI Debt Grantor Trust (PAID) securitization platform, according to the company. Donna M. Mitchell is a financial journalist based in the New York metro area with expertise covering structured finance, commercial real estate, and... Read full bio

Proximo Infra
Jul 16th, 2026
ATLAS SP names energy origination head.

ATLAS SP names energy origination head. ATLAS SP Partners has appointed Can Baysan as Head of Energy Origination to lead the firm's energy finance business. Baysan has more than 12 years of experience across securitised products, power, infrastructure and energy finance. In the new role, he will oversee specialty financing... Exclusive subscriber content... Not yet a subscriber? Join us today to continue accessing content without any restrictions Or to request access to Proximo Intelligence contact us

Business Wire
Jun 29th, 2026
Aquila Air Capital Upsizes Credit Facility to $400 Million

Aquila Air Capital (“Aquila”), a leading lessor based in Ireland and backed by funds managed by global alternative asset manager Wafra Inc., announced today ...

Yahoo Finance
Jun 9th, 2026
FTAI Aviation (FTAI) Prices Inaugural $612 Million Asset-Backed Securitization

FTAI Aviation Ltd. (NASDAQ:FTAI) is one of the most profitable growth stocks to buy. On May 22, FTAI Aviation successfully priced its inaugural asset-backed securitization, FTAI MRE 2026-1, totaling $612 million. The offering is backed by aircraft currently on lease to 23 global airlines and consists of two classes of investment-grade notes. The transaction, which […]

Crypto Briefing
Jun 9th, 2026
Canyon Partners hires Jay Kim to lead $5B asset-backed financing venture.

Canyon Partners hires Jay Kim to lead $5B asset-backed financing venture. The new permanent capital vehicle, Canyon ABF Partners, will target specialty lenders and regional banks as alternative financing demand accelerates. 14 min ago Canyon Partners just made one of the more consequential hires in structured finance this year. The firm brought on Jay Kim, a veteran of Credit Suisse and former CEO of ATLAS SP Partners, to build and run a brand-new asset-backed financing platform with plans to originate north of $5B in loans every year. The vehicle, called Canyon ABF Partners (CAP), launched on June 9, 2026 as a permanent capital structure. Its mission: provide financing to specialty lenders and regional banks, two corners of the financial system that have been increasingly underserved by traditional capital sources. What Canyon is actually building. Canyon ABF Partners will originate asset-backed loans, meaning it will lend against pools of underlying assets like consumer loans, equipment leases, or receivables. Instead of lending money based on a borrower's promise to pay, the loans are secured by actual, identifiable cash flows from real assets. The $5B annual origination target is aggressive but not outlandish for someone with Kim's background. At ATLAS SP Partners, he ran one of the more prominent structured finance platforms in the market. Before that, he spent considerable time at Credit Suisse in roles tied directly to this kind of lending infrastructure. Kim joins Canyon as a Partner, which signals this isn't a side project or an exploratory desk. The primary borrowers CAP will serve are specialty lenders and regional banks. These are institutions that originate loans themselves but need warehouse financing or balance sheet support to keep the machine running. Why this matters right now. Unlike a closed-end fund with a defined investment period, a permanent capital vehicle can deploy and recycle capital continuously. That makes it a more attractive counterparty for borrowers who need ongoing relationships, not one-off transactions. Canyon Partners has had exposure to asset-backed strategies before. But the creation of a standalone vehicle with its own dedicated leadership represents a meaningful escalation. What this means for investors. The Jay Kim hire is the differentiator Canyon is banking on. His track record running ATLAS SP Partners and his time in Credit Suisse's structured finance operations give him deep relationships with exactly the types of borrowers CAP is targeting. No performance history or specific asset class breakdowns have been disclosed, which means investors will be underwriting Kim's reputation and Canyon's platform rather than a proven track record for this particular vehicle. Disclosure: This article was edited by Editorial Team. For more information on how Cryptobriefing create and review content, see its Editorial Policy.

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