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.
Key risks of private debt
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
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.
Private corporate debt
Private placements and bilateral loans, with strong covenants across a variety of profiles and maturities to help improve risk-adjusted returns.
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.
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.
Need more information?
For further information, please contact our investment sales team.
Explore our real assets range
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.
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.