Investment Management

Private Credit Investment Grade

Portfolio Managers

Chris Lyons, CFA Photo

Chris Lyons, CFA

Managing Director and Group Head, Private Credit

Paul Aronson, CFA Photo

Paul Aronson, CFA

Team Lead, Private Credit Investment Grade

Greg Addicks, CFA Photo

Greg Addicks, CFA

Senior Vice President and Team Leader, Private High Yield

Summary

Takes advantage of privately negotiated covenant structures, investing in fixed-rate corporate debt sold to investors and exempt from SEC registration.

Objective

To outperform the Bloomberg Barclays U.S. Corporate Duration-Adjusted Index by 1.0% annually over a full credit cycle.

Competitive Advantage

  • An industry leader with demonstrated strong performance in all market conditions and over $16 billion (as of 09/30/15) in assets under management
  • Highly experienced team with average investment background of 17 years; 78% of team members are CFA, CPA or JD holders
  • Historical up-front yield advantage vs. publicly traded securities; prepayment and amendment fees add incremental yield
  • Intense upfront underwriting process, strict adherence to structural protection protocols and highly effective portfolio monitoring and management process
  • Can deliver flexible solutions according to client needs

*There is no guarantee that this objective will be achieved.

Top