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Alternative Credit

Alternative Credit investments continue to increase in relevance and have their own unique considerations.

The increase in investments in Alternative Credit provides more investment choice for investors and a broader range of funding options for the global economy. This strategy brings specific issues and conflicts that need to be carefully considered by both institutional investors and asset managers.

Resources on Alternative Credit

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20 May 2020

Alternative Credit - Fund Structuring

Alternative Credit strategies often hold illiquid assets. To align investor interests with the underlying portfolio and avoid liquidity mismatches in the fund, more restrictive fund liquidity terms are often required. This memo details some of the key considerations for closed-ended and open-ended credit fund structures

Memo
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20 May 2020

Alternative Credit - Conflicts of Interest

In Alternative Credit funds, there are specific conflicts of interest that can arise due to the nature of the strategy. This memo discusses these conflicts in the context of the Alternative Investment Standards and provides guidance on conflicts of interest specific to Alternative Credit.

Memo
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20 May 2020

Alternative Credit - Valuation

Alternative Credit managers frequently trade assets that require a degree of subjective judgement in the valuation process. Fair value processes for direct loans and robust credit valuation frameworks are therefore essential and this memo discusses these themes.

Memo