London 19th April 2023, Private Markets Alpha (PM Alpha), the digital marketplace for asset managers, wealth managers, advisors and distributors to access and distribute private markets investments, has launched its first regulated product – Global Distressed & Special Situations – a PM Alpha mini-blend of three underlying strategies from Apollo and Oaktree that seek to capitalise on prevalent global dislocations arising from distress, deleveraging, and financing needs across corporate Europe and North America.
PM Alpha CEO Tom Douie said:
“Our Global Distressed & Special Situations product offers an exclusive entry point for private investors into three underlying strategies that are generally limited to institutional investors, whilst ensuring attractive terms that are on par with institutional terms. We are delighted to be able to offer this product specifically designed for our wealth and asset management partners’ underlying private clients, with enhanced diversification, downside protection, and access from a minimum investment amount of EUR 125,000 for their professional and non-professional qualified investors.”
PM Alpha’s Global Distressed & Special Situation’s diversified investment strategy is targeting high-yielding senior secured and asset-backed equity positions, and seeks to allocate equally across three PM Alpha-selected strategies from two of the most established specialised distressed debt and special situations investment managers, with a realised track record of successfully deploying capital through previous periods of market dislocations.
The product will seek to capitalise on the global corporate dislocations where there is a key opportunity to acquire discounted senior positions across distressed and over-leveraged middle-market asset-heavy companies requiring urgent capital.
PM Alpha CIO Alexis Weber said:
“We believe that today’s environment, with increased funding gaps caused by higher interest rates, brings a more dynamic backdrop for specialist investors across distressed, special situations and real assets.
We consider it is a salient entry point for distressed debt and special situations managers who are increasingly seeing more motivated and distressed assets sellers - those focused on liquidity and refinancing risks - as interest rates remain higher for longer than expected, alongside an increased risk of a ‘hard landing’ within the trough of the current recessionary period.
The current broadened opportunity set is emerging with three key elements: repricing, refinancing, and restructuring of large corporate assets and SMEs. Non-traditional lenders, like specialist distressed and special situations investors, can capture assets from corporates at reduced valuations and better terms.”
PM Alpha digital private markets platform and products are only available to regulated wealth and asset managers and professional investors. For more details on this product, please register to PM Alpha’s platform.
Notes to Editors
About Private Markets Alpha
PM Alpha is a digital marketplace for Asset & Wealth Managers, Advisors and Distributors to access and distribute the power of private markets investments utilising a flexible open architecture platform. It is focused on delivering best-in-class global private investments leveraging the team’s long-term track record as a principal investor across alternatives in funds and co-investments. Having worked closely with some of the world’s leading Institutional Investors, Asset & Wealth Managers and Family Offices, the PM Alpha team has developed a deep knowledge and understanding of the needs of their businesses and that of their clients.
For more information, please visit https://www.pmalpha.co.uk.
/ENDS
Issued by:
Jonathan Boyd
Director of Media Relations and Editorial
Fortuna Asset Management Communications Ltd.
Tel: +44 (0)78 6645 9442