- Quality credits trading at attractive yields purchased at a discount to par in the secondary market
- Non-fundamental selling triggered by liquidity needs and structural constraints
Our Credit Strategy
JFLCO's credit investment strategy is designed to leverage the firm's sector and operational expertise to identify credit positions in high-quality companies that are experiencing transient operational and/or market challenges or have unique financing needs
Opportunistic credit investment strategy
The firm has an integrated credit and private equity underwriting process that takes advantage of our decades of industry expertise and experience. JFLCO focuses on the following segments of the credit market:
DESCRIPTION
EXAMPLES
Syndicated
Credit
- Syndicated loans
(1st and 2nd lien) - High yield bonds
- Mezzanine debt
Secondary
Direct
Lending
- Existing direct loans purchased at a discount to par in the secondary market often with hard asset collateral
- Secondary direct loans
- Asset-based loans
- Loan origination
Capital
Solutions
- Situations where sector-focused operational expertise is needed
- Opportunistic direct lending
- DIPs and exit financing
- Restructurings
Proactive, direct sourcing
JFLCO places a strong emphasis on proactive and direct origination of credit investments through the firm’s many long-standing relationships. We utilize a fully integrated approach to create differentiated opportunities.
Credit Team
PE Team
- Legal & Financial
Restructuring Advisors - Board
Relationships - Turnaround
Management Firms - Sell-Side
Trading Desks - CLOs & Direct
Lending Funds - Large AUM
Credit Funds
PE Team
- Industry
Consultants - PE & Industry
Contacts - Financial Advisors/
M&A Intermediaries - Company Executives
Fundamental underwriting of each investment
We take advantage of our deep industry expertise and in many cases our direct knowledge of a specific company to complete a fundamental underwriting of each investment opportunity. This approach enables the firm’s full credit and private equity knowledge and expertise to be utilized.
Ability to partner to drive value creation
JFLCO can partner with a company when appropriate and utilize capabilities from our private equity business to help navigate challenges and ensure opportunities are being fully realized.