Alternative Credit is a strategy focused on investments in large, diversified portfolios of credit assets such as portfolios of loans, leases, financial receivables, fees or royalties. This is sometimes also called asset-based credit.

Alternative Credit targets investments that benefit from asset security, covenants, cash flow velocity and other features designed to capture value and minimize risk to principal. Because of these features, the strategy offers the potential for attractive levels of current income, low correlation to traditional markets, portfolio diversification and downside protection that many investors today are seeking.

Investors typically access the strategy through flagship funds and managed accounts. Alternative Credit provides investors opportunities to invest across the breadth of Alternative Credit markets, spanning both liquid securities and directly-originated, private transactions.