AXA IM Alts launches diversified evergreen strategy
AXA Investment Managers Alternatives has launched a diversified evergreen private credit strategy, which will invest across the entire private credit spectrum.
The strategy has been designed for the private wealth market. It aims to allocate across asset classes based on market conditions, opportunity sets, and liquidity guidelines.
It is AXA IM Alts’ second evergreen private credit strategy, following the recent launch of the firm’s direct lending-focused ELTIF 2.0 private credit fund.
Read more: AXA IM Alts launches first private credit fund under ELTIF 2.0
“Private credit is a vital engine to finance our economy, be it through banks or non-bank lenders,” said Christophe Fritsch, global head of alternative credit at AXA IM Alts.
“The opportunity for investors today is the ability to access these loans that finance all areas of the economy.
“With over 20 years of expertise in private debt and alternative credit, and managing today over €93bn (£77.7bn) of assets, we have developed an investment approach centred on selectivity and diversification, that is particularly relevant in the investment solutions we can provide to private wealth investors.”
The strategy aims to present a limited mark-to-market volatility due to the private nature of underlying investments and a low sensitivity to interest rate movements. It will invest in floating rate investments, whilst seeking to generate high levels of stable, predictable and immediate income, targeting a net double-digit return.
Read more: Alternatives boost AXA IM’s 2024 results
“This innovative launch provides access to our top private credit strategies within a single, streamlined portfolio,” said Florence Dard, global head of client group, Alts at AXA IM.
“It offers private wealth investors the opportunity to allocate capital into direct lending as well as asset-backed finance, a natural complement to direct lending that has gained significant traction among institutional investors over the past decade.”
Read more: Capitalising on disintermediation: AXA IM’s Christophe Fritsch
