Achieve Secures $151 Million in Debt Settlement Asset-Backed Deal
Investors have signaled growing confidence in the emerging debt settlement fee market as San Mateo-based Achieve closed a $151.4 million securitization on June 18. This transaction marks the company’s second successful deal of this type in six months, signaling a shift toward institutional acceptance of these specialized financial instruments.
The deal, designated as ACHD Trust 2026-DS1, consists of three classes of rated notes backed by fees generated through Achieve’s debt settlement programs. Jefferies acted as the sole bookrunner for the offering, which follows the company’s inaugural securitization completed in December 2025. Kroll Bond Rating Agency and DBRS Morningstar provided credit ratings ranging from BBB to B- across the three classes.
Andrew Housser, co-founder and co-CEO of Achieve, noted that the successful closing validates the company’s platform and the broader asset class. Chief Financial Officer Jason Yee added that the transaction diversifies the firm’s funding capabilities, allowing for sustained growth while maintaining a disciplined capital structure. The notes were offered exclusively to qualified institutional buyers under Rule 144A and Regulation S.
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