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Fixed income markets have changed dramatically since the global financial crisis, with unconventional monetary policy keeping yields low for traditional fixed income sectors. This has prompted many investors to seek wider spreads and higher yields through credit sectors, including exposure to less liquid markets, such as private credit.

Flexible Credit harnesses these dynamics by looking for the most compelling investments in both public and private credit markets, with the goal of delivering attractive risk-adjusted returns.

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Overview

PineBridge Flexible Credit is a diversified, semi-liquid strategy that seeks to take advantage of opportunities in both public and private credit markets. The strategy is designed to invest predominantly in senior secured, floating-rate loans, while opportunistically allocating to high yield bonds and CLO debt tranches through a flexible mandate.

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Flexible Credit Approach
Flexible Credit Approach
Flexible Credit Approach

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For illustrative purposes only.

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Our Process

Our investment process is designed to blend high-conviction ideas from a selection of below-investment grade fixed income asset classes across both public and private credit, with the goal of providing attractive total returns while prudently managing risk at the security and aggregate portfolio levels.


Flexible Credit Brings Deep Experience Sourcing Public and Private Credit

Leading Global Credit Platform Distinctive Private Credit Experience

Integrated global credit platform with deep resources focused on strategies that generate alpha for clients. Applying our collaborative, high-conviction approach, we focus on rigorous fundamental analysis, skilled security selection, and credit monitoring.

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Direct lending strategy provides senior secured loans to US-based middle-market companies seeking to recapitalize or finance growth. We leverage PineBridge’s long-standing sponsor relationships and significant leadership role to drive a strong and diversified portfolios of loans.

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Application and Potential Benefits

Flexible Credit may offer benefits for investors seeking:

Higher Return Potential
Higher Return Potential
  • Exposure to private middle-market direct lending offers enhanced yield potential and diversification, and can help mitigate risk relative to traditional credit
  • Floating-rate loan exposure may help mitigate downside and protect investors’ capital in a rising interest rate environment

Diversified Exposure through a One Portfolio Solution
Diversified Exposure through a One Portfolio Solution
  • Flexibility to seek attractive relative value across the liquidity spectrum and capital structure in one vehicle, versus separate locations
  • Ability to access illiquidity premium of private markets without locking up capital for years

Deep Credit Experience
Deep Credit Experience
  • Managed by a team of portfolio managers averaging roughly 30 years1 of investment experience across industries, capital structures, and market cycles

1As of 30 September 2021.

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Key Professionals