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We are value investors who believe all credit markets have areas of inefficiency. Our consistent investment process enables us to independently price credit risk relative to the market.

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Our globally integrated team of specialists seeks to deliver risk-adjusted returns across multiple credit cycles, geographies, and capital structure.

With seasoned professionals whose investment tenure extends over three decades, we are focused on generating alpha through:

High Conviction Security Selection

Tactical Sector Allocation

Daily Risk Management

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We offer stand-alone and packaged solutions across the leveraged finance spectrum.

High Yield
  • US
  • Europe
  • Global
  • BB-Rated
Senior Secured Loans
  • US
  • Europe
  • Global
Collateralized Loan Obligations
  • CLO Tranche
  • CLO Management

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Disciplined, Credit-Focused Investment Process

Disciplined, bottom-up credit analysis and proprietary credit scoring system

Peer review of best ideas for portfolio inclusion

Continuous portfolio monitoring and optimization

Long-standing asset allocation processes within the Leveraged Finance team and throughout the firm

Rigorous risk management in order to manage portfolio factor risk

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Security Selection:
Our Distinct Issuer Rating Methodology

Our well-established credit rating process independently and proactively assesses credit risk, default risk, fundamentals, and market valuations at each point of the capital structure.

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Security Selection
Security Selection


  • Assessment of ESG risks and changing dynamics within each sector

Credit Trend

  • Forward-looking fundamental view of the company's credit profile in the next 6 months

Relative Value Ranking

  • Security-specific assessment of valuation levels vs. industry peers and level of credit risk

Loan Recovery Rating

  • Assessment of asset coverage helps to mitigate credit losses

Credit Impairment Trigger

  • Key early indicator of credit deterioration, uncommon in industry

Analyst Risk Rating

  • Foward-looking assessment of credit risk, independent of rating agencies

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For illustrative purposes only. We are not soliciting or recommending any action based on this material. Any views represent the opinion of the investment manager and are subject to change. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment.

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Investment Team

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John Lapham, 1952-2022

A pioneer of PineBridge, John Lapham will be remembered for his words of wisdom, competitive spirit, and larger than life personality. With over 25 years at the firm, he left a lasting impact on our business and our people, many who were lucky enough to count John as a mentor and friend. His passion extended far beyond his successful career at PineBridge, but to every facet of his life, including his love for his family, community, and of course, basketball.

Remembering John Lapham

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Related Insights

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Fixed Income Solutions

Developed Markets Investment Grade

Core portfolio exposure across the developed markets

Leveraged Finance

Credit exposure to high yield, bank loans, and collateralized loan obligations (CLOs)

Emerging Markets

Exposure across markets with unique opportunities and risks


Stand-alone or packaged solutions offer less correlated exposure