Aude Lemogne's Link Management has teamed up with Reyl to launch Griffin Art Partners, an art lending platform on 15 June
Photo: Maison Moderne
new art lending facility launched
REYL Group and Link Management have launched Griffin Art Partners, a securitisation platform specialised in art lending.
Griffin Art Partners is a Luxembourg-based securitisation platform designed to provide non-recourse loans collateralised by works of fine art, according to a press statement released on 15 June.
The platform has appointed Link Management as investment and collateral advisor and REYL Private Office, an affiliate of REYL Group, as administrative agent.
Griffin Art Partners provides one to three-year financing against art pieces, or art collections for a minimum amount of €1 million, allowing collectors and art professionals to leverage against their art assets, the companies said.
“Griffin Art Partners endeavors to become one of the leading independent art lenders in Europe by offering a competitive and flexible non-recourse financing solution for art professionals and collectors”, stated Aymeric Thuault at Link Management.
Eligible artworks, which range from old masters to contemporary art, are required to meet strict eligibility criteria. Griffin Art Partners can operate in various jurisdictions including, but not limited to, Switzerland, Luxembourg and the United Kingdom.
Proceeds may be used at the borrower’s sole discretion. In return, the borrower is usually required to store the artwork with a third party depositary or a freeport.
Link Management has strong experience in art financing through co-ownership with art dealers and investment in peer-to-peer art lending, the company said.
REYL Private Office is in charge of managing the platform and acts as the bondholder representative, ensuring the implementation of all relevant industry standards in terms of bond issuances.