Our approach as private debt investors

A  tailored approach allows us to closely match investors’ objectives – from infrastructure and real estate, to bespoke structured finance deals and bilateral or club deals for corporate debt.

We have a clear focus on risk management, with strong controls through the use of assets as collateral, financial covenants and, where appropriate, seniority within the capital structure. Our independent credit research team ensures robust governance and our investment process is disciplined and rigorous.

Benefits

Conviction in scale

Our scale gives us a commercially competitive advantage and access to a wide range of transactions. The ability to source bespoke deals across investment-grade and sub-investment-grade investments allows us to deliver against a range of client investment objectives.

Multi-asset mindset

We collaborate and think as one real assets business, allowing us to capture optimal relative value for our clients throughout market cycles. We believe the ability to leverage skills and insights across capabilities drives superior investment decisions.

Sustainability as a bedrock

Our market-leading ESG framework and in-house team are fully embedded into the investment process, helping us manage risk and identify exciting opportunities, providing access to sustainable assets such as renewables and sustainable real estate loans.

Key risks of private debt

Investment risk

The value of an investment and any income from it can go down as well as up. Investors may not get back the original amount invested.

Real Estate Risk

Where funds are invested in real estate/infrastructure, investors may not be able to switch or cash in an investment when they want to because real estate/infrastructure may not always be readily saleable. If this is the case we may defer a request to switch or cash in shares or units. Investors should also bear in mind that the valuation of real estate is generally a matter of valuers’ opinion rather than fact.

Strategies in focus

Structured finance

Bespoke deals including collateralised loan obligation, aviation, trade finance, swap repacks and other structured assets with strong risk controls. These can help investors source cashflows for needs such as matching-adjustment eligibility.

Find out more  about Structured finance

Private corporate debt

Private placements and bilateral loans, with strong covenants across a variety of profiles and maturities to help improve risk-adjusted returns.

Find out more  about Private corporate debt

Real estate debt

We originate senior secured and whole-loan debt of varying maturities, fixed and floating rate, on commercial property such as offices, retail and logistics, including sustainable transition loans. These assets can provide consistent cashflows and the added security of high-quality collateral. 

Find out more  about Real estate debt

Infrastructure debt

Senior debt invested in long-term, stable infrastructure assets across a wide range of sectors for investors looking for consistent cashflows with an attractive risk/return profile, and to capture illiquidity premia.

Find out more  about Infrastructure debt

Sustainable real assets in the spotlight

Just when we thought things were returning to normal after the social, economic and market upheaval caused by the pandemic, the events of 2022 presented new challenges for investors. It was in that context in late 2022 that we took the pulse of key investment decision makers at 500 institutional investors representing a combined $3.5 trillion of assets on their appetite for real assets, including those with a sustainable focus. Read the results in our Real Assets Study 2023.

 

Find out more

Need more information?

For further information, please contact our investment sales team.

Contact us

Private debt team

  • Munawer Shafi

    Head of Structured Finance & Private Debt

  • Darryl Murphy

    Managing Director, Infrastructure

  • Gregor Bamert

    Head of Real Estate Debt

  • James Tarry

    Head of Portfolio Manager, Alternative Income

    • Explore our real assets range

    Real estate

    Outcome-oriented solutions in real estate, across equity debt and long income, through strategies that span the risk spectrum, from lower-risk options generating long-term income to more opportunistic investments.

    Find out more  about Real estate

    Infrastructure

    Our deep market access allows us to source high-quality projects, delivered through a range of debt and equity opportunities. We focus on stable, long-term income generation and efficient execution.  

    Find out more  about Infrastructure

    Real assets multi-asset

    Our integrated real asset platform allows us to collaborate with our clients to design bespoke multi-asset portfolios that meet a wide variety of long-term investment and return objectives.

    Find out more  about Real assets multi-asset

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