Orion Mountainspring

person · Securitization attorney, OrrickCredibility: 70%

Why this score? Practising securitisation lawyer commenting on structured-finance rules within his own specialism; technically authoritative on what a staff letter permits, but speaks for a practice that advises deal sponsors, so his read of who benefits is an interested one.

Tracked Statements (1)

The SEC's position lets sponsors of data-centre securitisations hold progressively less of their own equity in these deals, and will push the industry toward more of them.^?

— Orion Mountainspring · Aug 17, 2026

Topic: state of ai/the money/debt and credit

Source ↗

Context: Forward call made the week the reading became public; not yet checkable. The direction is plausible on the record — data-centre asset-backed issuance rose from $2.4bn in 2020 to $15.5bn in 2025 and is pacing to a 2026 record — but that growth predates the SEC's position, so 2027 issuance and disclosed retained-equity levels in new deals are what settle it.