Our Integrated Approach

AssetFXcapital’s disciplined, creative credit investment philosophy is powered by our integrated approach to sharing investment ideas and insights. We operate as one integrated global investment platform. Each area draws on, and contributes to, the firm’s deep industry sector expertise, yielding investment opportunities and unique intellectual capital. We believe this enables us to confront and conquer complexity, and to create innovative solutions for the benefit of investors.

A Range of Credit Activities

Our credit activities span a wide range of the credit spectrum and can be accessed through a variety of avenues for both institutional and retail clients. Our investment activities can be broadly categorized in three areas:

• Alternative credit asset classes including senior secured loans, bonds, mezzanine loans, stressed and distressed opportunities. We approach these asset classes through an industry organization of our investment professionals that mirrors our industry expertise in private equity which serves to maximize the competitive advantage of our integrated platform. These strategies target issuers primarily domiciled in the U.S. and in Europe, but also include Asia and the emerging markets.
• Off-the-run asset classes including life settlements, insurance linked securities, non-performing loans, and asset backed securities and a variety of structured credit backed by corporate loans, residential mortgages and commercial real estate.
• Origination platforms generating differentiated yield assets including middle market loans, aircraft finance, energy finance, residential mortgages, equipment finance and triple net lease real estate assets.

Investors can access our broad range of credit activities through a variety of vehicles that are broadly categorized in the following three ways:

Liquid/Performing
Our liquid/performing credit vehicles generally include funds and accounts in which the underlying assets are liquid in nature and/or have some form of periodic redemption right. Liquid/performing includes a variety of hedge funds and separately managed accounts that utilize a range of investment strategies typically focused on income-oriented, protective lending terms, predictable payment schedules, well diversified portfolios, and low default rates.

Drawdown
Our drawdown vehicles generally include commitment-based funds and certain separately managed accounts in which investors make a commitment to provide capital at the formation of such funds, deliver capital when called as investment opportunities become available and typically lock up their capital for up to 10 years. Drawdown vehicles are typically invested in more illiquid asset classes generally seeking to generate returns in excess of 10% annualized.

Permanent Capital Vehicles
Our permanent capital vehicles include pools of assets that are not subject to redemption and are generally associated with long-term asset management or advisory contracts. These permanent capital vehicles use a range of investment strategies, which are typically in senior secured assets with a focus on income-orientation and preservation of capital. We have a significant investment capability in insurance asset management which is utilized to invest on behalf of Athene and Athora as well as third party insurance companies in the U.S. and Europe.