Targetting risk-adjusted value
Our approach combines rigorous bottom-up credit analysis with top-down macro elements and a strong focus on risk. This is well suited to our specialisation in lower liquidity credit, including special situations, structured and private debt, where we aim to extract risk-adjusted value.
We actively seek value and look for attractive market mispricing or illiquidity premiums.
Deals are sourced in both primary and secondary markets and are screened to assess potential returns, risk factors and how they fit within the existing portfolio. All investments require formal credit approval. Portfolio positions are actively monitored at the macro and individual asset level.
Strategy in Focus – Asia-Pacific Private Debt
The strategy aims to generate risk-adjusted returns for aligned institutional investors by privately lending to a diverse portfolio of entities across the Asia-Pacific region. It targets loans across mid-market corporate lending, asset-backed debt and real asset debt.
Key features include:
Diversification regionally, by maturity and by industry.
Portfolio average risk profile of sub-investment grade with minimal absolute interest rate risk.
Potential for relatively attractive risk-adjusted returns (versus comparable US and European mid-market debt).