Overview

Nonpublic corporate debt securities offering yield premium and stronger investor protections than similarly rated public corporate debt.



Seeks potentially higher yields than those of similarly rated public debt securities, but with less liquidity. Covenants provide additional protection against downside risk.

Deep fundamental credit analysis and negotiation of strong covenants that limit investor risk. Perform extensive due diligence including meetings with management.

Invests in private placement bonds with stable to improving fundamentals across industries, geographies and maturities.

Seeks potentially higher yields than those of similarly rated public debt securities, but with less liquidity. Covenants provide additional protection against downside risk.



Deep fundamental credit analysis and negotiation of strong covenants that limit investor risk. Perform extensive due diligence including meetings with management.



Invests in private placement bonds with stable to improving fundamentals across industries, geographies and maturities.




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