Credit

Overview

ABOUT

The MSD Credit Team invests in liquid corporate credit – including investment-grade and high yield, leveraged loans, private credit and real estate credit opportunities that offer attractive risk-reward. We pride ourselves on solving complex borrower issues and employing a long-term partnership approach with management teams and intermediaries. Over our more than 20-year history, we have developed a reputation for leveraging the firm’s broad network of relationships to add value to our portfolio companies. We are a creative solutions provider able to provide a broad range of capital structuring solutions.

PHILOSOPHY

We employ a fundamental, value-oriented approach and seek investments with return characteristics comparable to the risks we are taking.

INVESTMENT OBJECTIVE

We target attractive risk-adjusted returns while maintaining its principal focus on the preservation of capital. We invest in opportunities that we believe will endure periods of stress based on our up-front diligence and post-investment monitoring.

Credit Strategies

MSD Private Credit Strategy

APPROACH

In private markets, we work with management teams and intermediaries to address financing requirements. We leverage the flexibility of our capital base to provide a range of solutions including leveraged loans, secured notes, mezzanine financing, convertible notes and various forms of preferred equity financing. Throughout the life of our investment, we leverage our organization’s extensive relationships to provide support to our borrowers.

LEADERSHIP

Robert Platek – Global Head of Credit

Jeremy Herz – Co-Portfolio Manager

Matthew Olim – Co-Portfolio Manager

Scott Segal – Co-Portfolio Manager

MSD Real Estate Credit Strategy

APPROACH

In real estate markets, we seek to provide our borrowers and partners with tailored capital structure solutions to ensure successful business plan execution. We invest throughout the capital structure, across asset classes and geographies, and leverage our extensive experience to execute on rapid and complex financing requirements.

LEADERSHIP

Robert Platek – Global Head of Credit

Jason Kollander – Co-Portfolio Manager

Adam Piekarski – Co-Portfolio Manager

MSD Credit and Special Investments Strategies

APPROACH

In public markets, we leverage our knowledge base to employ a value-oriented approach, investing in opportunities including primary and secondary leveraged loans, high yield debt, structured credit, convertible notes, and preferred and common equity in both performing businesses and those undergoing stress/distress. Where feasible, we aim to leverage our firm’s capital and relationships to support the management teams and businesses in which we invest.

LEADERSHIP

Robert Platek – Global Head of Credit

Jeremy Herz – Co-Portfolio Manager

Matthew Olim – Co-Portfolio Manager

Scott Segal – Co-Portfolio Manager

MSD Alpine Credit Opportunity Strategies

APPROACH

We utilize fundamental research and relative value strategies in an effort to identify performing credits and exploit market dislocations in pursuit of superior risk-adjusted returns.  We invest in high yield and investment grade debt, leveraged loans, structured credit and convertible notes.  Our credit selection and quantitative analytics are enhanced by the firm’s extensive relationships and proprietary datasets.  We employ rigorous portfolio construction and active risk management.

LEADERSHIP

Robert Platek – Global Head of Credit

Michael Goldstein – Co-Portfolio Manager

Josh Neren – Co-Portfolio Manager