Special Situations

Special Situations strategies aim to offer a high return without a corresponding increase in risk.

Our Special Situations strategy aims to generate attractive risk-adjusted returns by investing in stressed, distressed and new money financing opportunities, primarily in Northern and Western Europe.

We employ a multi-strategy approach, capitalising on cases where there is temporary credit market dislocation, where good companies are in need of balance sheet restructuring or where traditional sources of financing are no longer available to those same companies. We seek to deliver attractive absolute and risk-adjusted returns via a combination of capital appreciation and current income by investing predominantly in senior secured corporate debt.

The strategy overlays the product expertise of a dedicated, specialist investment team with Alcentra’s extensive knowledge of the issuer universe and sponsor relationships in global credit markets.

New issue leverage, contractual terms and yields all indicate a credit market that has reached its cyclical peak. Going forward we expect to see persistently high market volatility and an expansion of the opportunity set driven by elevated geopolitical risks, a slowdown of macro-economic performance and challenges to individual business models and sectors.

For further information on the strategy please contact us or for more background information on the Management Team please press here.

Awards

  • EuroHedge Awards 2017 Winner
  • Barron’s
  • HFMWeek 2017 - European Performance Awards
  • Global Capital Awards 2016 - Best Institutional Investor in Senior Loans
  • ALT Credit Intelligence 2016 - European Performance Award
  • BarclayHedge 2015 - Ranked #1 in the Distressed Securities Category
  • CreditFlux 2015 - Manager Awards 2015
  • Private Debt Investor Awards 2014 - Deal of the Year
  • Private Debt Investor Awards 2014 - Direct Lender of the Year
BNY Mellon