First Circle is a private access layer to programmes issued by Excellium Securities S.A., a Luxembourg securitisation company.
Each programme is structured, governed and issued through a dedicated compartment, with independent administration and full documentation from inception. Designed to integrate with modern digital capital markets infrastructure.
Programmes are not broadly marketed. Access is granted selectively to qualified investors.
Most investors enter after the structure is set.
Most private market investments are accessed once the structure is already defined and distributed.
First Circle provides access at issuance — before programmes are distributed.
Programmes are not broadly marketed or distributed. Access is granted selectively to qualified investors.
Investor engagement within First Circle is observed in real time, allowing capital formation to be accelerated and future programmes to be shaped with greater alignment to investor demand.
Invest at the point programmes are structured and issued — before broader distribution.
Each programme is structured, governed and issued through a dedicated Luxembourg compartment.
Programmes are not broadly marketed. Access is granted selectively to qualified investors.
Private equity investment into global hotel assets, enhanced through data-driven portfolio construction, revenue optimisation and active asset management
Structured investments backed by long-term leases, including UK social housing and healthcare assets supported by government or regulated counterparties
Regulated water entitlements and agricultural assets, a scarce and uncorrelated asset class driven by structural supply constraints
Targeted investments in off-market and transitional real assets, structured to capture value through repositioning, recapitalisation and dislocation-driven entry points
UK lease-backed investments with registered housing associations and healthcare operators, delivering inflation-linked income supported by government demand.
Preparing for IssuanceAsset-backed financing of premium dealership inventory and receivables, with short duration and established origination.
Preparing for IssuancePrivate equity investment into global hotel assets, enhanced through data-driven portfolio construction, revenue optimisation and active asset management.
Preparing for IssuanceRegulated water entitlements and agricultural assets, a scarce and uncorrelated asset class driven by structural supply constraints.
Preparing for IssuanceShort-duration lending to established SMEs, secured against assets with capital recycling and diversified borrower exposure.
Preparing for IssuanceConfirm eligibility to access current and upcoming programmes.
Review current opportunities with full documentation and structured summaries.
Review the opportunity independently, supported by structured summaries and full documentation.
Subscribe directly with the issuer via the appointed administrator, with allocation to the relevant compartment.
Focus is placed on protecting capital and ensuring that risk is appropriately compensated, recognising that beyond a certain point increased risk does not lead to higher returns.
This internal framework is used for screening purposes only and does not constitute a credit rating, risk assessment or investment recommendation. Investors should conduct their own independent analysis.
First Circle is a private access layer operated by Excellium Securities S.A., a Luxembourg securitisation company issuing programmes through dedicated compartments. For more information, visit excellium-securities.com.
Programmes are not broadly marketed or distributed. Access is granted selectively to qualified investors.
All applications are reviewed individually. Documentation is shared only following verification and is not publicly distributed.
Your details will be reviewed and the team will be in touch within 24 hours. If there is a programme in structuring, you will be among the first to see it when it is ready.
No offer or solicitation. Nothing on this website constitutes an offer to sell, or a solicitation of an offer to buy, any securities or financial instruments. This website provides general information about Excellium Securities S.A. and its activities. Any securities issued will only be offered to persons who have self-certified as qualifying investors in their jurisdiction, and only through separate offering documentation.
Capital at risk. Investments in securities involve risks, including the potential loss of the entire amount invested. Past performance of the issuer or any programme is not indicative of future results. Investors should not invest unless prepared to lose the entirety of the investment.
Not investment advice. The information on this website and in any materials provided through First Circle does not constitute investment, financial, tax or legal advice. Investors should consult their own professional advisors before making any investment decision.
Regulatory status. Excellium Securities S.A. is a securitisation company incorporated in Luxembourg. First Circle is a trading name used by Excellium Securities S.A. for its direct investor information channel. This website has not been reviewed or approved by any financial regulatory authority.
Jurisdictional restrictions. The information on this website is not directed at, and is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would be contrary to local law or regulation.
This is the privacy policy of Excellium Securities S.A., a Luxembourg public limited liability company (société anonyme) and a securitisation company (société de titrisation) under the Luxembourg law on securitisation dated 22 March 2004, as amended, with registered office at 412 Rte d'Esch, 1471 Cessange Luxembourg, and registered with the Luxembourg Register of Commerce and Companies (R.C.S. Luxembourg) under number B290294.
This Policy explains how personal information is collected, shared, used and protected when accessing or using this website and/or related services. Excellium Securities S.A. is committed to protecting personal information and being compliant with all data protection laws, including Regulation EU 2016/679 (GDPR).
Excellium Securities S.A. is the Data Controller of personal information. As a Data Controller, it determines why and how personal information is processed. Personal information is any information relating to an identified or identifiable natural person.
Personal information is collected, used and disclosed to meet the needs of users and the business relationship, including:
| Purpose | Legal Basis |
|---|---|
| Providing and operating the website | Legitimate interest in providing online content |
| Improving user experience | Legitimate interest in providing a well-functioning site |
| Promoting security of the site | Legitimate interest in safety and protecting rights |
| Sending communications | Legitimate interest with prior consent |
| Handling contact and support requests | Performance of a contract / legitimate interest |
| Providing and administering services | Performance of a contract |
| Managing payments | Performance of a contract |
| Complying with legal obligations | Legal obligation / legitimate interest |
| Financial reporting | Legitimate interest in meeting reporting obligations |
| Maintaining security | Legitimate interest in fraud prevention |
For actual or potential users, the following may be collected:
All organisations handling personal information are required to acknowledge its confidentiality and comply with all relevant data protection laws.
Where the use of personal information requires consent, such consent will be provided using a consent form or any contract entered into. Data subjects have the right to withdraw consent at any time by contacting Excellium Securities S.A.
Personal information is held in secure computer storage facilities, cloud servers and paper-based files. Steps are taken to protect personal information from misuse, loss, unauthorised access, modification or disclosure. Subject to Anti-Money Laundering laws, records may be retained for at least five years after the business relationship has ended, and contracts for up to 10 years.
Personal information may be transferred outside the EEA to processors engaged on behalf of Excellium Securities S.A. Any such transfer is ensured to be lawful with appropriate security arrangements, including standard contractual clauses adopted by the European Commission.
In accordance with the GDPR, data subjects have the right to:
Cookies are used to provide a more relevant and effective experience. Cookies are text files saved by the browser that allow servers and webpages to be identified with a particular browser.
For any concern about privacy practices, a complaint can be made which will be acted upon promptly. If not satisfied with the response, data subjects have the right to lodge a complaint with the National Commission for Data Protection (CNPD) at cnpd.public.lu or by calling (+352) 26 10 60-1.
For any questions about this Privacy Policy or to exercise data protection rights, contact Excellium Securities S.A. by email at support@excellium-securities.com or by writing to: 412 Rte d'Esch, 1471 Cessange Luxembourg.