An Update on Intellectual Property Securitization

Abstract

Although issuance volume for intellectual property securitization has been relatively light so far, IP remains an asset class with a potentially robust future. This article discusses some of the structural features of IP securitizations that have been made public over the past several years, focuses on some of the issues that have had to be addressed in these transactions, and analyzes some of the impediments that must be overcome for the full potential of IP to be realized in the securitization market. These issues are discussed in the context of recent copyright, patent royalty, and trademark securitization transactions.