Private debt
- Overview
- Investment approach
- Select investments
- Case studies
Investment approach
We provide flexible financing for quality assets in stable industries, seeking an attractive risk/return profile and stable returns for the benefit of our clients. The financing we provide makes a significant contribution to a company's long-term value creation. Our local investment teams provide debt capital across the whole debt structure, ranging from senior loans to mezzanine financing solutions.
In global private debt markets, our investment strategy is focused around three key themes:
Attractive niches
Attractive niches tend to include specialized companies operating in sectors the capital markets are not familiar with, for example because of lack of research coverage. Through our Industry Value Creation teams, we take the time to understand these companies' business models and industry drivers, and are thus able to capture attractive pricing.
Creative structures
In some cases, companies may need flexible financing structures which are not underwritten by banks but arranged by a single institutional lender or on a club deal basis. We often focus on transactions in the middle market where we can play a leading role in structuring tailor-made financings to support companies and their specific business needs.
Add-on financings
Financing add-on acquisitions of existing portfolio companies is a compelling way to leverage on existing, trusted relationships. The existing relationship between company management and lender facilitates a fast and tailored debt solution given our insight into the business, its defensiveness and its drivers.