Our investment philosophy
Our philosophy is shared by all our team members, and it is consistently applied across all of our strategies. Our approach to investment is quite simple: We believe that fundamental research and a well-designed process lead to superior long-term performance.
There is no easy way.
High Yield Bonds
Assets Managed €4.9bn (Mar. 2023), Inception 2001
- Focus on High Yield Bonds issued by Corporates and Financials (Bank capital)
- Global and European strategies
- Daily liquidity
- Available in fund and bespoke SMA format
Senior Loans
Assets Managed €5.1bn (Mar. 2023) Inception 2013
- Focus on Senior Secured Loans, Senior Secured Bonds and Floating Rate Notes
- Global and European strategies
- Monthly liquidity and daily pricing
- Available in CLOs (managed by Capital Four), fund and bespoke SMA format
Private Debt
Assets Managed €3.4bn (Mar. 2023), Inception 2015
- Focus on lower middle-market corporates (EBITDA around €10-20m) in the Nordics & Northern Europe
- Mainly sponsor-driven transactions
- Both senior and subordinated financing strategies
- Available in closed-end fund format
Multi-Asset Credit
Assets Managed €2.7bn (Mar. 2023), Inception 2010
- Combining high yield, senior loans, and structured credit
- Analytical focus on relative value in addition to bottom-up security selection
- Low interest sensitivity
- From daily to quarterly liquidity
- Available in fund and bespoke SMA format
Structured Credit
Assets Managed €0.6bn (Mar. 2023), Inception 2019
- Focus exclusively on CLO tranches and CLO equity
- Analytical focus on manager and individual CLO quality
- Defensive (High-grade) and Opportunistic (Equity & mezzanine) strategies
- From weekly to quarterly liquidity
- Available in fund and bespoke SMA format
