Our approach

With capabilities spanning Western Europe and the UK, we focus on senior debt from issuers that may be too small to access capital markets or those that prefer club deals with a few institutional investors. The strategy encompasses investment-grade borrowers to small-to-medium-sized enterprises, from a variety of sectors and issuers.

Benefits

We concentrate on private placements and bilateral loans that can generate higher yields than traditional bonds, monitoring risk through covenants and reporting requirements.

Diversification

Historical performance shows diversification benefits versus liquid market opportunities.

Illiquidity premia

The private nature of the assets and networks required to access them may allow investors premia over comparable liquid opportunities.

Attractive risk profile

Our focus on avoiding subordination and structural leverage reduces volatility and maintains downside protection.

Key risks

Investment risk

The value of an investment and any income from it can go down as well as up and can fluctuate in response to changes in currency exchange rates. Investors may not get back the original amount invested.

Illiquidity risk

Certain assets held in the fund could, by nature, be hard to value or to sell at a desired time or at a price considered to be fair (especially in large quantities), and as a result their prices could be very volatile.

Complexity risk

Counterparties can be diverse, so successful investment requires appropriate credit analysis and the expertise to understand investment risks.

Explore all funds

Access key fund documentation and performance reports.

View Fund Centre

Need more information?

For further information, please contact our investment sales team.

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