An Analysis of the US Leveraged Loan Market in the First Half of 2023
The first half of 2023 has been marked by challenging conditions in the US leveraged loan market, with tightening credit conditions, a...
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Private credit is an all-weather strategy that has the potential to generate more attractive risk-adjusted returns.
We believe that the greatest opportunities to deliver diversified returns are found in private markets.
Why Private Credit?
The Fund invests in a diversified portfolio of senior secured loans, among other private credit opportunities.
Senior secured loans have historically provided a natural and effective hedge against inflation and rising interest rates due to the floating-rate coupon. Recent market uncertainty has led to spread widening, providing a compelling environment to deploy capital into private credit.
We believe the strong tailwinds that currently exist for private credit due to the significant amount of "dry powder" that remains within private equity funds, may provide for a sustained private credit opportunity environment for the foreseeable future.
"A Significant Opportunity
for Investors"
"The demand for private credit continues to grow, as there has been decreased participation by banks in the leveraged loan market. We believe this growing, $1 trillion asset class represents a significant opportunity for our investors."
Rick Foster, Managing Director | Bridgefield
What is Private Credit?
The Fund's strategy is focused on direct lending—the predominant asset class in the private credit universe. Direct lending includes any debt held by—or extended to—privately held companies, and it most commonly involves non-bank institutions making loans to private companies. The private company is obligated to pay back the full sum of the loan, plus interest, to the lending institution. Direct loans are senior in the capital stack or the structure of all capital that is invested into a company, secured by collateral, and offer floating interest rates.
Investor Benefits
The Fund aims to deliver consistent income and strong downside management by investing in a diversified portfolio of loans with leading managers at attractive economics.
Deep Experience
A team with decades building private market investments.
Portfolio Diversification
Highly diversified across industry sectors, sponsors, and companies.
Higher Returns
Founder Investors participate in the GP, further increasing return potential
Insights from our Research
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