Private credit markets represent a unique investment

1. Higher Yields: Private credit strategies often yield higher returns compared to similar public issues. This is due to the private market's less liquid nature and the premium required for investing in these securities.
2. Diversification Benefits: Investing in private credit allows access to transactions and issuers not available in public markets. This diversification can be crucial in reducing portfolio risk.
3. Robust Risk Management: Private credit deals are typically structured more rigorously than public market transactions, offering stronger risk management. This includes more stringent covenants and security arrangements.

1. Experienced Investment Teams: With over 40 years of specialization in private debt, investment teams bring deep expertise in navigating this nuanced asset class. This experience is vital in identifying and managing the unique risks and opportunities in private credit.
2. Wide Range of Offerings: Investors have access to a spectrum of credit quality, from privately issued investment grade bonds to high yield securities. This includes senior bank loans, high yield bonds, mezzanine debt, and distressed debt. Such a range allows for tailored risk-return profiles based on individual investor needs.
3. Sustainability Approach: Integrating Environmental, Social, and Governance (ESG) considerations into investment processes can lead to more attractive risk-adjusted returns. This approach aligns with the growing emphasis on sustainable and responsible investing practices.
4. Proven Track Record: Historically, these strategies have achieved excess spreads with lower default rates compared to their representative benchmarks. This long-term value creation is a testament to the efficacy of the strategies and risk management approaches employed in private credit investing.

Private credit offers a compelling mix of higher potential yields, diversification, and robust risk management, backed by experienced investment teams and a commitment to sustainability. Its unique position in the market makes it an attractive option for investors seeking to enhance their portfolios with alternative asset classes.