Our research team continuously monitors all positions across the portfolios as well as overall industry conditions and trends.
DAILY
Meeting to discuss recent events, financial results, industry news, and interaction with administrative agents and company managements
Review primary calendar and secondary trading levels
Daily portfolio reviews by portfolio management team
Credit events (e.g. waivers and amendments) trigger credit approval requests
Updates on watch list assets
QUARTERLY
Credit policy requires quarterly issuer reviews prepared by analysts to assess credit risk and exposure
Account reviews include financial statement analysis, discussions with sponsors and/ or management, covenant analysis, reviews of industry conditions and reassessment of all risk / credit ratings
A formal quarterly portfolio review process involving watch list assets
Quarterly and annual borrower meetings
Problem loan strategy, exposure, and legal options reassessed
LEGAL & COMPLIANCE
Experienced in-house legal team and external resources actively involved in all stages of investment
Manages response to potential legal risks, supervises credit documentation, and assists in amendments and restructurings of problem loans
Tracks precedent trends and drafts form credit documentation, improving consistency and quality of documentation
Monitors compliance with funding facilities and CLO indentures, governmental licensing requirements, applicable law, and internal policies and procedures
