Investment Grade Private Credit

Our private debt capabilities were established in 1991. Embedded within our broader fixed income team, our credit analysts and dedicated private placement team collaborate on both credit and structural points from the onset of every deal. We strive to invest in credits and structures that provide diversification and enhanced covenant protections versus the public investment grade market. Returns are driven by security selection, private premiums and make-whole payments. As a highly-respected market participant, our long-standing network and relationships in the investment community grant us access to the market.

Investment Philosophy

Our investment approach combines bottom-up research with top-down sector selection to consistently seek favorable, risk-adjusted results. We believe that the volatility of market prices exceeds that of fundamental asset values. This dislocation creates opportunities for investors with the skilled personnel, infrastructure and insight necessary to identify relative value generated by market inefficiencies.

Investment Grade Private Credit Strategy Highlights

  • Focuses primarily on capital preservation and total return
  • Flexible deal sizes ranging from $15 to 200 million throughout the US, Europe, Australia, New Zealand, and Canada
  • Typically does not lend to issuers rated below BBB- (or its equivalent)

1991
Private Debt Team Established
$21
Billion in AUM across Private Asset Classes
$6.4
Billion in AUM in Investment Grade Private Credit
Our Experience:
30
Years Investing in Private Debt Securities
14
years avg. Investment experience - Analysts
11
years avg. ppm tenure - Analysts

Investment Grade Private Credit Assets

Traditional Privates, $4.7B
Lease-Backed Notes, $0.9B
Project Finance/Infrastructure, $0.8B

Investment Team

EXPERIENCE AND STABILITY

Our investment professionals are characterized by experience and continuity of team, effective decision-making processes, and deep industry experience. The Private Credit Approval Committee is strengthened by the expertise of Strategy and Execution teams and supported by our robust Fixed Income team. 

photo of Luke Stifflear
Luke Stifflear, CFA

Senior Managing Director, Head of Private Placements

photo of Chris Raub
Chris Raub

Senior Managing Director, Head of Insurance Assets

photo of Brian Manczak
Brian Manczak, CFA

Senior Managing Director, Portfolio Manager

photo of  Ogechi Nwachukwu
Ogechi Nwachukwu

Senior Managing Director, Head of Fixed Income Research

photo of Catherine Drake
Catherine Drake, CFA

Senior Managing Director, Credit Analyst

photo of Laura Agran
Laura Agran

Managing Director, Credit Analyst

photo of Laura Reepmeyer
Laura Reepmeyer, CPA

Managing Director, Credit Analyst

photo of John Walding
John Walding

Senior Managing Director, Head of Bank Loans

photo of Sean Biggins
Sean Biggins, CFA

Vice President, Analyst

photo of Jacqueline Baum
Jacqueline Baum

Assistant Vice President, Analyst

Our Insights

Our Advantage

  • Clients are at the core of everything we do

  • Long-tenured teams and processes

  • Investment-led organization

  • Established as an institutional solutions provider

  • Network and access to investment community

  • Team-based culture

Firm statistics provided above are as of 30 June 2022.