High Yield

Global Senior Secured Loans

Our team of dedicated high yield professionals seeks to identify attractive investment opportunities and actively manages portfolios designed to deliver the best relative value opportunities on a global scale.

AUM

$ 7.04 billion as of December 31, 2022

Inception Date

2010

Vehicle Types

QIAIF
Separate Account

Investment Philosophy

We believe attractive, long-term, risk-adjusted returns can best be achieved through a combination of:

  • Strong fundamental credit underwriting, with the primary focus on principal preservation
  • Active portfolio management to capture the best relative value and identify opportunities for capital appreciation

Our Value Add

One of the industry’s largest global high yield teams with over 90 investment professionals dedicated to high yield credit

  • Long-term track record managing both U.S. and European credit
  • Rigorous, on-the-ground approach to managing credit through company visits and regular participation in management calls
  • In-depth, bottom-up credit analysis provides unparalleled coverage up and down the capital structure, across industries and geographies
  • Active portfolio management captures our best ideas while managing risk and optimizing relative value
  • Integrated loan and bond high yield research and portfolio management

 

AUM

$ 14.71 billion as of December 31, 2022

Inception Date

1999

Vehicle Types

QIAIF
CLOs
Separate Account

Investment Philosophy

We believe attractive, long-term, risk-adjusted returns can best be achieved through a combination of:

  • Strong fundamental credit underwriting, with the primary focus on principal preservation
  • Active portfolio management to capture the best relative value and identify opportunities for capital appreciation

Our Value Add

One of the industry’s largest global high yield teams with over 90 investment professionals dedicated to high yield credit

  • Long-term track record managing both U.S. and European credit
  • Rigorous, on-the-ground approach to managing credit through company visits and regular participation on management calls
  • In-depth, bottom-up credit analysis provides unparalleled coverage up and down the capital structure, across industries and geographies
  • Active portfolio management captures our best ideas while managing risk and optimizing relative value
  • Integrated loan and bond high yield research and portfolio management

AUM

$ 10.88 billion as of December 31, 2022

Inception Date

2001

Vehicle Types

Separate Account
QIAIF
CLOs

Investment Philosophy

We believe attractive, long-term, risk-adjusted returns can best be achieved through a combination of:

  • Strong fundamental credit underwriting, with the primary focus on principal preservation
  • Active portfolio management to capture the best relative value and identify opportunities for capital appreciation

Our Value Add

One of the industry’s largest global high yield teams with over 90 investment professionals dedicated to high yield credit

  • Long-term track record managing both U.S. and European credit
  • Rigorous, on-the-ground approach to managing credit through company visits and regular participation on management calls
  • In-depth, bottom-up credit analysis provides unparalleled coverage up and down the capital structure, across industries and geographies
  • Active portfolio management captures our best ideas while managing risk and optimizing relative value
  • Integrated loan and bond high yield research and portfolio management

Portfolio Managers

Oliver Harker-Smith
Managing Director
Casey McKinney
Managing Director, U.S. High Yield
Meredith Lynch, CFA
Managing Director
Chris Sawyer
Head of European High Yield

Portfolio Managers

Adrienne Butler
Co-Head of U.S. High Yield
Casey McKinney
Managing Director, U.S. High Yield
Meredith Lynch, CFA
Managing Director

Portfolio Managers

Oliver Harker-Smith
Managing Director
Chris Sawyer
Head of European High Yield
FIXED INCOME

ESG in Fixed Income

The Intent Beyond the Income

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Related Viewpoints

Public Fixed Income

Markets will likely remain on edge in anticipation of a central bank policy pivot, but high yield continues to present compelling total return opportunities for investors willing to ride out the volatility.

Short View – 3 min read

In this roundtable discussion, our credit market experts across public and private markets describe how they’re navigating today’s more challenging backdrop and where they’re turning to find strong, risk-adjusted returns.

Conversations – 5 min read
Public Fixed Income

While there are signs that volatility will likely continue in high yield through the coming months, this environment, ultimately, may prove to be a significant opportunity for value creation.

Short View – 3 min read