Global Leveraged Finance

PineBridge Investments employs one of the largest Leveraged Finance teams in the industry, with 32 investment professionals located in five US and European offices. The team manages more than US $7 billion across Bank Loans, High Yield Bonds and Distressed Credit. Dedicated portfolio managers experienced in their asset classes direct asset class-specific and cross-asset class portfolios, while research analysts evaluate all candidates across the Leveraged Finance spectrum. Investments must pass a full credit committee review that includes analysis of the worst case scenario, expected recovery in the case of default, which aids the team in managing risk.*

Bank Loans

• The team invests in syndicated loans made by banks or other financial institutions to non-investment grade corporations in the US and Europe
• These loans typically take a senior position in a company’s capital structure and have coupons that float based on LIBOR
• Independent due diligence and portfolio monitoring are key to adding value
  and managing risk.

High Yield

• The team invests in non-investment grade corporate debt of US and European companies
• Alpha generation through identifying mispriced securities and applying innovative
  portfolio construction
• Focus on current yield and relative value over the near term
• Risk controls include robust sell discipline

Distressed Investments

• Focused on market dislocations in and around insolvencies, looking to identify companies trading significantly below their intrinsic values
• The team leverages long standing relationships with distressed market participants

All investments involve risks, including the loss of principal invested. Click here for our Global Leveraged Finance Risk Disclosure Statement.

*as of 31 March 2012