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Audience

Leveraged finance

Leveraged loans can provide attractive levels of return with typically lower volatility than public markets.

M&G is one of the longest established and most active leveraged loan market participants in Europe. We were one of the first non-bank investors to enter the European market in 1999, and currently have €9.0bn* in funds under management in European loans.

* As at 31 march 2019. 

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For further information about our leveraged finance investment opportunities.

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What are European leveraged loans?

In Europe, leveraged loans typically arise in conjunction with a private equity-sponsored ‘Leveraged Buy-Out’. They offer a high, floating rate of interest with security over a company’s assets, a priority position in the capital structure and a free prepayment option for the borrowing company. While not always publicly-rated, leveraged loans would typically have a sub-investment grade equivalent rating.

We have a long track record of investing in European leveraged loans and aim to offer investors access to this specialist, private asset class.

Why invest in leveraged loans?

At M&G, we believe loans to be an attractive investment, with the potential to provide:

  • High LIBOR-linked returns
  • Downside protection from security and first-ranking position
  • Generally more stable than public market

Our history of investing in leveraged loans

M&G was one of the first investors in leveraged loans and is one of the largest loan managers in the European market. We first started investing on behalf of our parent company, Prudential, in 1999, and now manage funds for institutional investors across the UK, Europe and Asia.

Leveraged-Finance_Bar-GraphSource: M&G as at 31 December 2016. M&G figures are shown on a nominal basis plus committed capital.
All figures cited in the chart above are correct as at the end of the year that they represent.

Meet the leveraged finance investment team

Catherine Ross-89 x 102 
Co-Head of Leveraged Finance
Catherine Ross
fiona-hagdrup-89 x  102 
Fund Manager
Fiona Hagdrup
Andrew Boughen-89 x 102 
Fund Manager
Andrew Boughen
hannah-edwards 
Client Support
Hannah Edwards
catherine-peters 
Associate Director
Catherine Peters
Cameron Low-89 x 102 
Secondary Trader
Cameron Low
Tom Lane-89 x 102 
Associate Director
Thomas Lane
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The information on this website is for Institutional Investors only. Specifically, the information on these pages should not be used or relied upon by the public of Hong Kong or any other type of investor from any other jurisdiction.