Syndicated Loans

Syndicated bank loans, with their floating rate characteristics, may offer attractive returns with downside protection, particularly in an environment where there is concern about rising interest rates. Our syndicated loans strategies are focused on the senior secured part of the capital structure where we believe the risk-reward proposition is the most attractive. Whilst benchmark aware, the strategies are unconstrained, enabling the team to express conviction on credit views.

Our Advantage

  • Experience – dedicated team with significant experience spread between New York and London to best cover issuance and trading in major global jurisdictions
  • Focus on Downside Protection – the senior position and first-lien security of senior secured loans could enhance recovery in a downside scenario
  • Low Default Rate – an emphasis on fundamentally-driven credit selection, combined with active monitoring and trading, could help keep defaults to a minimum

 

Capital at risk. The value of investments and the income from them may fall as well as rise and is not guaranteed. Investors may not get back the full amount invested. Past performance is not an indication of current or future performance.

Lessee Credit Risk:  Credit risk, changes to interest rates and/or issuer defaults will have a significant impact on the performance. A default, or credit impairment of any of the investments could result in a significant or even total loss of the investment.

“Syndicated loans may offer attractive floating rate returns with downside protection, providing a solution which sits between high yield bonds and private debt”

Torben Ronberg, Head of Syndicated Loans

Photo of Torben Ronberg, Head of Syndicated Loans

Insights

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Feb 12, 2024

Muzinich Asset Allocation Group Monthly Update - February 2024

Please click to view our latest Asset Allocation Group video update for the month of February 2024.

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Dec 12, 2023

Yield - A Gift That's Difficult to Ignore - 2024 Public Market Credit Outlook

We expect credit markets to offer generous total returns in 2024, amid positive carry and range bound credit spreads.

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Nov 21, 2023

The Muzinich Insurance Podcast

Please click to listen to our inaugural Insurance Podcast. Over a series of podcasts, we'll be tackling a range of insurance asset management topics, which we hope will provide useful insights for our insurance clients and contacts when thinking about their own investment decisions.

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