Financial group Reyl and art advisory firm Link Management have teamed up to launch Griffin Art Partners, a Luxembourg-based securitisation platform aimed to provide non-recourse loans collateralised by works of fine art.
Link Management is the sole advisor of Griffin Art Partners while Reyl Private Office (Luxembourg), affiliate of Swiss banking group Reyl & Cie, manages the platform and provides structuring solutions.
Griffin Art Partners provides one to three year financing against art pieces, or art collections for a minimum amount of €1m. This enables collectors and art professionals to leverage against their art assets.
Eligible artworks are required to meet strict eligibility criteria, the firm specified.
Griffin Art Partners can operate in various jurisdictions including Switzerland, Luxembourg and the United Kingdom.
“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” said Aymeric Thuault at Link Management.