Fund Goal

The fund seeks to deliver high current income and potential total return over a full market cycle by investing in a concentrated number of complex and stressed corporate debt holdings with a focus on downside mitigation.

Investment Approach

  • Leverages the firms multi-decade experience managing leverage credit, specifically corporate debt through high yield bonds and bank loans
  • Identifies mispriced investments opportunities created by highly complex businesses and corporate structures or dislocated situations across sectors and industries
  • Focuses on debt instruments secured by collateral or in a senior position, providing a potential margin of safety