Our learnings from 25 years in private credit markets
For more than 25 years, we’ve been investing across private credit markets in Australia, seeking to extract return premiums that reflect the complexity of analysing and managing credit risk and lower liquidity. Our experience tells us these markets are relatively inefficient and there are opportunities for institutional investors to potentially capture attractive risk-adjusted returns.
Fundamentally, we are credit specialists – seeking to understand the drivers of a business and how we can lend to it and support its growth through cycles.
Over the years we’ve progressively expanded our expertise into broad and diverse credit areas, some previously not accessible for institutional investors.
Here are six key lessons we’ve distilled that, we believe, give us an edge when it comes to accessing opportunities in credit markets.
Meet the authors
Hiran Wanigasekera
Hiran is an Executive Director and Co-Head of IFM Investors' Australian Diversified Credit capability. He responsible for joint management of key credit portfolios, credit product strategies and managing the day-to-day running of debt portfolios. Hiran has worked across a wide range of credit sectors and industries including bank lending, corporate credit and structured investments.
Lillian Nunez
Lillian is an Executive Director and Co-Head of IFM Investors' Australian Diversified Credit capability. She is responsible for joint management of key credit portfolios and credit product strategies. She also heads the team responsible for conducting credit analysis, due diligence, investment recommendations and portfolio asset management support to the Debt Investments Team.
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