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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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Solutions

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

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Security Selection
Security Selection
Analyst Risk Rating & ESG
  • Independent assessment of credit risk
Credit Impairment Triggers
  • Issuer specific fundamental drivers at purchase; automatic credit review if violated
Credit Trend
  • View of the company’s credit profile in the next six months
Relative Value Ranking
  • View of security specific valuation levels of the issuer relative to credit risk

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For illustrative purposes only. We are not soliciting or recommending any action based on this material.

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Investment Team

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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

Multi-Sector

Stand-alone or packaged solutions offer less correlated exposure