Breadth across public and private markets, comprehensive sector coverage, and a credit focus from investment-grade to non-investment-grade.
Breadth across public and private markets, comprehensive sector coverage, and a credit focus from investment-grade to non-investment-grade.
ABS and structured credit securities — a long-short, relative-value approach across sectors, instruments, and strategies, powered by proprietary fundamental credit models.
NPL/RPLs, RTLs, HELOC/HELOANs, legacy mortgages & Alt-A
Auto (subprime), unsecured consumer, student loan & credit card
SASB & conduit — office, multifamily, hospitality, retail & more
Digital infrastructure, equipment, fleet & IP finance
RMBS & ABS across the U.K. & Europe
CDX (US), ITRX (Europe), index options, index tranches, CMBX & ETFs
Privately negotiated transactions structured with customized lender protections, underwritten against diversified asset pools.
Unitranche, senior secured & mezzanine financing
Forward commitments to purchase loans on a recurring basis
Direct portfolio purchases
Residual exposures with call rights provide a whole loan acquisition pipeline
Asset-based finance is credit underwritten against — and repaid from — the cash flows of diversified asset pools. Structural features such as amortization, overcollateralization, and excess spread shape attractive risk-adjusted return profiles.