Akarsh Garg

Experience

1. Analyst 3, Abs Lending and Capital Markets

   Morgan Stanley

   Jul 2023 — Present · Mumbai, IN

   Structured and underwrote over 30 deals across asset-backed lending, private credit back-leverage, direct lending, specialty finance, and ABS securitization markets• ABS & Warehouse Lending: Experienced in warehouse financing and underwriting public and private ABS issuancesSector Coverage:• Digital Infrastructure (Data Centers): Structured $20 billion in 6+ construction financings for hyperscale and colocation data centers, enabling large-scale buildouts leased to leading technology, AI, and cloud services companies• Digital Infrastructure (Fiber Networks, Cell Towers): Expansion financing ($5 billion+) for 8+ fiber network and cell tower operators, supporting network deployment and upgrades in metropolitan and rural areas• Pharmaceuticals: Led 2 structured financings ($1 billion+) for alternate asset managers investing in pharmaceutical royalty contracts with top 50 drug manufacturers globally• Aviation: Structured and underwrote 15+ financings for private equity aviation platforms; served as structuring lead on a top-3 US airline bond issuance ($1.3 billion)- coordinating asset selection, cash flow modeling and rating agency engagement• Consumer/Retail: Led M&A and growth financing ($1 billion+) for multi-unit franchise companies in the quick service restaurant and personal fitness sectors• Public Utilities: Lead structurer and underwriter for a $1.2 billion+ rate reduction bond issuance by a major electricity distributor• Railcars: Bookrunner on an ABS transaction ($450 million+) backed by railcar leases. Structured a warehouse loan ($100 million+) for an alternate asset manager investing in the industryResponsibilities:• Rating agency engagement: Fitch, Moody’s, S&P, KBRA, DBRS• Financial modeling, cash flow projections, and valuation analysis in Excel• Credit committee approvals• Preparing rating agency presentations, investment memoranda, pitch books• Conducting scenario analysis, stress testing, and downside modelling

Education

• Indian Institute of Technology, Delhi

  Bachelor of Technology, Engineering with a Minor in Entrepreneurship

  2019 — 2023

• Department of Management Studies, IIT Delhi

  Minor Degree, Entrepreneurship/Entrepreneurial Studies

  2019 — 2023