Alcentra belives leveraged loans will take off as an asset class
Alcentra says sub-investment grade leveraged loans are becoming an accepted asset class in Europe as the market develops. Institutional investors are the norm in Europe compared with retail in the US.
Europe's sub-investment grade leveraged loan market is taking off, according to Paul Hatfield, chief investment officer at Alcentra.
Alcentra believes companies are turning to the secured loan market as they find access to the high-yield bond market restricted because of perceptions of global risk and a desire to shorten duration.
The asset management group focuses on the sub-investment grade capital markets in Europe and the US. It is one of the largest collateralised loan obligation (CLO)
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