We invest across a company’s capital structure depending on where we find potential value. We do not apply a fixed investment structure, instead we configure a capital solution to fit the cashflow generation of the underlying business.
As the global independent leader in mezzanine finance, we believe there are further opportunities to grow our existing mezzanine and minority equity business. The flexibility and stability of mezzanine as an asset class is recognised by investors as an attractive and less volatile complement to private equity funds. As the current environment favours long established, successful players, we intend to maintain our global leadership position in Europe, Asia Pacific and the US.
With one of the longest track records of any institution in European leveraged finance we continue to see strong interest from yield seeking investors, such as pension funds and insurance companies in our levered loan funds. We recently seeded our first dedicated high yield fund and continue to explore new fund structures and bespoke mandates to meet the needs of investors.
Common to all of these asset classes is our ability to originate, assess and price risk across the capital structure of sub investment grade companies.