Our Story

We started managing money in high yield bonds in 1990. At that time, Drexel Burnham Lambert had gone bankrupt, and the high yield market was in disarray. We thought there was value in seeking out non-investment grade companies that represented solid businesses and had the capacity to survive through periods of stress.

We named our first portfolio Penates, a reference to the household gods of antiquity. We were inspired by the tale of Aeneas, the Trojan hero, who returned to his ravaged home city of Troy to save what he thought was worth saving – his Penates. Likewise, we thought there were assets worth saving in the burnt-out credit market of that period. A few institutional investors trusted us with their capital, and the firm was born.

Building on this foundation of deep credit research, we began to invest in other areas of credit when we believed there were compelling opportunities. For instance, we started investing in private credit markets nearly a decade ago, when banks were providing less financing because of the 2008 financial crisis.

Today we invest across public and private credit markets globally. Our business is based on the same search for value as at the Firm’s founding. We strive to understand risk and make investments that can survive the uncertainties of business cycles and market volatility. We seek to work in a framework of a long-term partnership, listening to our investors’ challenges and working to develop strategies that best meet their objectives.

  • 2022

    • Launch of Global High Yield Low Carbon Strategy
    • Launch of Dynamic Credit Income Strategy
    • Launch of CLO Platform
  • 2021

    • Launch of first Parallel Lending Strategy
    • Launch of Global Private Debt Strategy
    • Sustainable Credit Strategy reaches 10th Anniversary
    • Signed up to the Net Zero Asset Managers Initiative
    • Majority of Muzinich UCITS Platform classified as Article 8 under EU Sustainable Finance Disclosure Regulation (Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‚Äźrelated disclosures in the financial services sector)

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    2020

    • Hiring of Aviation Finance Team
    • Expansion of Private Debt Team into Asia-Pacific
    • Opened offices in Sydney, Hong Kong and Florida
    • European High Yield Strategy reaches 20th Anniversary
    • Signed up as a supporter of the "TCFD initiative” (TCFD: Task Force on Climate-Related Financial Disclosures)
    • Joined the ICI (Investment Company Institute) ESG Task Force
  • 2019

    • Opening of 11th office – Geneva Switzerland
    • Launch of our first European Long-term Investment Strategy (ELTIF)
  • 2018

    • Muzinich signs up to the UK Government's Women In Finance Charter
    • Muzinich celebrates its 30th anniversaryMuzinich 30-year anniversary logo
    • Launch of Asia High Yield Strategy
    • Emerging Markets Short Duration Strategy reaches 5th anniversary
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    2017

    • Opening of 10th office – Dublin, Ireland
    • Launch of European Senior Loan Strategies
    • Launch of Regular Duration EM Strategy
    • Launch of Pan-European Private Debt Platform
    • Opening of Dedicated Singapore Office
  • 2016

    • Syndicated Loans team established in London
  • 2015

    • Launch of UK & French Private Debt strategies
    • Launch of Asia Credit Opportunities Strategy
  • 2014

    • Launch of country-specific Private Debt strategies in Italy and Iberia
    • Hire 100th global employee and opening of 7th office worldwide100th Employee Photo
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    2013

    • Muzinich celebrates its 25th anniversary
    • Global Tactical Credit is added as a new absolute return strategy
    • Expands into emerging markets and launch of first EM credit strategy
  • 2012

    • First Long/Short Credit Strategy broadens offering
    • Middle-Market debt team established in New York
  • 2010

    • Signatory to the Principles for Responsible InvestmentPRI Logo
    • Launch of U.S. Short Duration High Yield Strategy
    • Launch of ESG credit strategy
  • 2006

    • Launch of U.S. Bank Loan Strategy
  • 2003

    • First Credit Alternative Strategy initiated
    • First Investment Grade Crossover complements high yield strategy
  • 2000

    • European High Yield Strategy launchedEuropean Union flag
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    1999

    • European HQ founded in London
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    1990

    • Inception of first U.S. High Yield Strategy
  • 1988

    • Muzinich & Co is founded in New York by George Muzinich