Are secure income assets being overlooked?

As activity in public credit markets has oscillated across our screens, private credit markets have been largely overlooked.

In our view, this is an oversight for investors. We believe the attributes associated with private debt become more valuable during periods of uncertainty.

We advocate that a portfolio of secure income assets – real estate debt, private (unlisted) corporate debt and infrastructure debt, collectively referred to as private credit – can deliver better downside protection, attractive valuations and a depth of universe that is not available in the public market.

We also outline where we see opportunities to generate both a positive return and a positive outcome for society as the economy starts to heal from Covid-19.