Our Multi-Strategy Credit platform is designed to capitalize on relative value and dislocation opportunities across private credit markets. We draw on a broad range of credit perspectives, combining macro insights with detailed covenant and capital-structure analysis to support our evaluation of opportunities.

Our firm studies credit markets through an internal research framework that helps inform our own principal investing decisions and strategic advisory work. The following overview describes this internal analytical approach, which we use to evaluate market dynamics, capital-structure trends, and long-term opportunities across the credit landscape. This framework is not offered as an investment product or service, nor is it intended as a recommendation or solicitation.

Our research examines a wide spectrum of credit environments—including corporate credit, stressed and special situations, and private-market lending structures—to understand how different segments behave across varying economic regimes. By analysing liquidity conditions, structural inefficiencies, and global market trends, we develop a perspective on where value may emerge and how risks evolve over time.

We also assess market conditions using scenario analysis, macroeconomic modelling, and issuer-level review. These tools assist our internal decision-making and support our work in corporate strategy and management consulting. By studying both cyclical and defensive areas of the economy, we aim to maintain a well-rounded understanding of how credit markets respond to shifting conditions. This framework reflects how we approach research and learning within the firm. It is not a description of a managed fund, advisory service, or investment offering, and should not be interpreted as such.

Investment Philosophy

We take a flexible, opportunistic approach to credit transactions, working dynamically across:

• Corporate Credit: Situations involving high-yield, investment-grade and crossover issuers where capital-structure dynamics may present value. 

• Distressed & Special Situations: Deep value situations in stressed, distressed and post-reorganisation credit opportunities, often in less liquid or more complex areas. 

• Private Credit: Direct origination and opportunistic private lending situations, emphasizing bespoke deal structuring and credit-enhancing covenants.

Process & Execution

• Opportunity Assessment:
  Opportunities across strategies are continuously reassessed based on relative value, volatility, liquidity, and macroeconomic regime shifts.

• Integrated Review:
  Guided by multi-factor risk models, stress testing, and scenario analysis, with a focus on downside mitigation.

• Research-Driven Framework:
  Combines macroeconomic, sectoral, and issuer-level insights via proprietary models and fundamental credit analysis.

• Global Opportunity Set:
  Active sourcing of inefficiencies across developed and select emerging markets focused on private instruments.

Target Outcomes

• Absolute Orientation:
  Considering multiple credit segments to understand relative opportunities and potential risks. 

• Market Diversity:
  Review of both cyclical and defensive sectors to support well-informed decisions. 

• Cycle-Resilient Awareness:
  Evaluation of opportunities incorporates credit cycle dynamics, liquidity considerations, and unique market factors.