European Senior Secured Loans
- AUM $12.9 billion
(30 September 2021) - Inception Date 2001
- Vehicles Available
- QIAIF
- Separate Account
- 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
- Over 65 high yield investment professionals allow our team to fully underwrite and monitor investment opportunities across the market
- Experienced in-house investment professionals in both U.S. and European markets
- Long-term track records in managing both U.S. and European credit
- Portfolio managers and analysts provide an on-the-ground, rigorous approach to managing credit by conducting company visits and regularly participating on management calls
In-depth, bottom-up credit analysis provides unparalleled coverage up and down the capital structure, across industries and geographies
- Integrated loan and bond high yield research and portfolio management
- On-the-ground resources provide local access and insight into the markets where we’re investing
- Active portfolio management capturing our best ideas while managing risk and optimising relative value
Portfolio Managers
Oliver Harker-Smith
Chris Sawyer
Gareth Hall
RelatedViewpoints
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High Yield: Why Fundamentals May Be Stronger Than You Think
Barings’ David Mihalick and Chris Sawyer assess the health of the global high yield bond and loan markets against a backdrop of COVID uncertainty, potentially higher rates and an ever-increasing focus on ESG.
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Is High Yield in a Sweet Spot?
High yield continues to benefit from supportive tailwinds—from an improving default picture to lower sensitivity to rising rates—and may be poised for strong performance as the recovery takes hold.
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ESG: Three Challenges High Yield Managers are Tackling Today
From influencing company behavior to seeking better data disclosure, high yield managers are pushing the envelope when it comes to ESG.
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High Yield: Strong Tailwinds, But It May be a Bumpy Ride
High yield has a number of supportive tailwinds at its back—from a more manageable default picture and less exposure to potentially rising rates to investors’ continued demand for yield. But uncertainties remain, suggesting a potentially bumpy path to recovery.
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Three Reasons Loans May Be Poised for Strong Performance
It’s not as simple as ‘when rates rise buy loans; when rates fall buy bonds.’ Indeed, a combination of several factors has set the stage for loans to potentially deliver attractive total returns going forward.
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