REYL Group and art advisory firm 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 art.
The platform allows art collectors and professionals to leverage against their art assets by offering one to three year financing against art pieces or art collections for a minimum of €1 million.
In return, the borrower must store the artwork with a third party depository or a free port.
The Swiss bank’s Luxembourg branch, REYL Private Office (Luxembourg) is in charge of managing the platform and acts as the bondholder representative.
Partner to REYL in the launch, LINK Management is experienced in art financing through co-ownership with art dealers and investment in peer-to-peer art lending,
Griffin Art Partners operates in Switzerland, Luxembourg and the UK.
Commenting on the new platform, Aymeric Thuault director at LINK Management said: ‘Griffin Art Partners endeavours to become one of the leading independent art lenders in Europe by offering a competitive and flexible non-recourse financing solutions for art professionals and collectors.’