Dette privée

Le crédit privé est une classe d’actifs en pleine expansion, qui offre aux investisseurs un potentiel de rendement intéressant et sûr, ainsi qu’une exposition à des moteurs de performance uniques.

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Une palette d’avantages

Le crédit privé et alternatif offre aux investisseurs un potentiel de rendement plus élevé et un risque plus faible que les obligations d’entreprises cotées présentant une notation similaire. En outre, l’exposition à des moteurs économiques généralement non disponibles sur les marchés cotés du crédit peut se traduire par des avantages importants en termes de diversification.

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Des rôles différents au sein des portefeuilles

Le paysage du crédit privé couvre l’ensemble des caractéristiques de risque-rendement et de duration. Étant donné la variété des rôles que les différents domaines du crédit privé peuvent jouer dans les portefeuilles des investisseurs, nous pensons que la croissance du crédit privé va se poursuivre.

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Notre expertise

Aberdeen Standard Investments offre à ses clients un accès à tous les principaux domaines du crédit privé en Europe, et notamment la dette du secteur de l’immobilier commercial, la dette d’infrastructures, la dette liée aux placements privés d’entreprises, les prêts directs (marché intermédiaire) et les prêts syndiqués. Nous gérons actuellement plus de 6 milliards de livres sterling d’actifs dans le cadre de ces stratégies

Source : Aberdeen Standard Investments, au 30/06/2020.

Ce que nous offrons à nos clients

Notre équipe

Notre équipe d'assurance se concentre sur la gestion des relations et le développement de solutions d'actifs novatrices pour nos clients. L'équipe compte des actuaires en placements qui possèdent une connaissance approfondie de la réglementation, des risques et des questions actuarielles. Bénéficiant d'une expérience et d'une expertise étendues dans le domaine des placements en assurance à l'échelle mondiale, l'équipe travaille en étroite collaboration avec nos clients pour élaborer des solutions d'investissement durables qui produisent des résultats efficaces. Grâce à l'engagement continu de nos clients, nous visons à nous assurer que ces solutions d'investissement continuent de répondre à leurs besoins.

Des solutions d'investissement globales

Nous sommes conscients que les assureurs ont des objectifs d'investissement précis. Pour les aider à y parvenir, nous offrons une gamme complète de solutions d'investissement, notamment :

  • des produits regroupés dans un large éventail de classes d'actifs;
  • des solutions sur mesure adaptées aux besoins individuels des clients;
  • des mandats au titre de la responsabilité civile;
  • des responsabilités fiduciaires à l'intérieur de paramètres bien définis.

Tous les produits que nous proposons s'appuient sur des capacités d'investissement mondiales qui couvrent un large éventail de classes d'actifs traditionnelles et non traditionnelles. En tant que l'un des plus grands gestionnaires d'actifs au monde, nous disposons d'équipes d'investissement expérimentées couvrant les gammes de produits suivantes :

  • obligations;
  • marchés privés;
  • immobilier;
  • solutions axées sur le client et multi-gestionnaires;
  • stratégies d'investissement alternatives;
  • investissement quantitatif;
  • actions;
  • gestion multi-asset;
  • liquidités.

Notre large éventail de solutions d'investissement s’appuie sur notre philosophie d'investissement, une gestion rigoureuse des risques et un engagement partagé envers une culture axée sur l'excellence de l'investissement.

Rapports sur les actifs et les risques

Nous comprenons l'importance réglementaire de fournir des rapports détaillés et opportuns. Nos capacités de reporting incluent :

  • le risque et l'attribution de performance;
  • les rapports sur les fonds et les investissements;
  • les rapports sur les données relatives aux actifs.

En outre, nous offrons des services de comptabilité et d'évaluation de fonds, de reporting des transactions, de gestion commerciale, de services d'actifs et de tarification unitaire.

  • Notre équipe

    Notre équipe d'assurance se concentre sur la gestion des relations et le développement de solutions d'actifs novatrices pour nos clients. L'équipe compte des actuaires en placements qui possèdent une connaissance approfondie de la réglementation, des risques et des questions actuarielles. Bénéficiant d'une expérience et d'une expertise étendues dans le domaine des placements en assurance à l'échelle mondiale, l'équipe travaille en étroite collaboration avec nos clients pour élaborer des solutions d'investissement durables qui produisent des résultats efficaces. Grâce à l'engagement continu de nos clients, nous visons à nous assurer que ces solutions d'investissement continuent de répondre à leurs besoins.

  • Des solutions d'investissement globales

    Nous sommes conscients que les assureurs ont des objectifs d'investissement précis. Pour les aider à y parvenir, nous offrons une gamme complète de solutions d'investissement, notamment :

    • des produits regroupés dans un large éventail de classes d'actifs;
    • des solutions sur mesure adaptées aux besoins individuels des clients;
    • des mandats au titre de la responsabilité civile;
    • des responsabilités fiduciaires à l'intérieur de paramètres bien définis.

    Tous les produits que nous proposons s'appuient sur des capacités d'investissement mondiales qui couvrent un large éventail de classes d'actifs traditionnelles et non traditionnelles. En tant que l'un des plus grands gestionnaires d'actifs au monde, nous disposons d'équipes d'investissement expérimentées couvrant les gammes de produits suivantes :

    • obligations;
    • marchés privés;
    • immobilier;
    • solutions axées sur le client et multi-gestionnaires;
    • stratégies d'investissement alternatives;
    • investissement quantitatif;
    • actions;
    • gestion multi-asset;
    • liquidités.

    Notre large éventail de solutions d'investissement s’appuie sur notre philosophie d'investissement, une gestion rigoureuse des risques et un engagement partagé envers une culture axée sur l'excellence de l'investissement.

  • Rapports sur les actifs et les risques

    Nous comprenons l'importance réglementaire de fournir des rapports détaillés et opportuns. Nos capacités de reporting incluent :

    • le risque et l'attribution de performance;
    • les rapports sur les fonds et les investissements;
    • les rapports sur les données relatives aux actifs.

    En outre, nous offrons des services de comptabilité et d'évaluation de fonds, de reporting des transactions, de gestion commerciale, de services d'actifs et de tarification unitaire.

Vidéo de présentation

Documents clés

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Perspectives des fonds de private equity

250x350_Doug_Cruikshank

Doug Cruikshank

Head of Fund Financing Hark Capital (NAV based solutions)

Doug Cruikshank is Head of Fund Financing and Hark Capital, running the NAV based solutions strategy at Aberdeen Standard Investments. He is a member of the U.S. Regional Investment Committee. He co-founded Hark Capital in 2012 providing non-dilutive loans to the portfolio companies of sponsors in situations that would typically require equity. The loans are based on the sponsor’s NAV, not the credit profile of the individual portfolio company.

Doug joined Enhanced Capital, which incubated Hark Capital prior to selling it to Aberdeen Standard Investments. Prior to this he was a Managing Director at Barclays and Lehman Brothers covering financial sponsor clients. He also worked at Credit Suisse and JP Morgan doing leveraged finance, bank lending and private placements.

Doug has an A.B. from Princeton University and a M.B.A. from the Kellogg School of Management at Northwestern University.

Jeremy Allcock

Jeremy Allcock

Head of Infrastructure Debt

Jeremy is the Head of the Infrastructure Debt Team with responsibility for sourcing, analysing and managing illiquid debt opportunities within agreed policy and mandate frameworks.

Prior to joining Standard Life Investments in September 2014, Jeremy was Head of the Public Sector Team at Nationwide Building Society. Whilst at Nationwide, his primary areas of focus had been in Infrastructure (primarily PFI) and Social Housing where he has over 20 years of experience. Jeremy has four years’ investment experience at Aberdeen Standard Investments and 36 years’ experience in banking & finance.

At Nationwide Building Society, Jeremy was personally involved in writing in excess of £1bn loans and led the Infrastructure team from inception to a book approaching £3bn at its peak. Deals sourced included some of the first PFI hospitals; the first gearing of an infrastructure fund; the first PFI Housing transaction and the first multi-authority procured street lighting project. 36 years in industry; 4 years at Aberdeen Standard Investments. Jeremy is also an associate at the Associate of the Institute of Bankers.

Neil-Odom-Haslett

Neil Odom-Haslett

Head of Commercial Real Estate Debt

Neil joined Standard Life Investments in 2013 and has worked in the industry for more than 30 years. He started his career with NatWest and subsequently worked for a number of international banks, including Fortis, Eurohypo, RBS and Deutsche Pfandbrief Bank, where he was the only non-German domiciled person to be given the powers of a voting member of the credit committee.

Neil has extensive experience in both originating and restructuring in the UK and Europe. This has provided ample opportunity to both initiate new relationships with borrowers and maintain good working relationships in more challenging restructuring situations. Neil is also President of the Association of Property Lenders (the UK lending representative body) and has four years’ investment experience at Aberdeen Standard Investments, and over 30 years’ in the industry. Neil is also an associate at the Associate of the Institute of Bankers.

250x350_Albane-Poulin

Albane Poulin

Investment Director, Private Placement Debt

Albane has been the lead fund manager of the Secure Income and Cash Flow Fund since its inception in 2017, investing in a range of private credit asset classes including Private Placement, Infrastructure Debt and Commercial Real Estate Debt. Her responsibilities also include the origination of private placement on behalf of ASI clients. She has credit research responsibilities on the public market covering peripheral utilities, and transport / infrastructure. She also manages a Credit Fund for a large insurance client where the objective is to take advantage of opportunities to collect illiquidity premium on the credit markets.

Albane joined Standard Life Investments as an Investment Director in 2015 following the acquisition of Ignis Asset Management. Prior to this, she was credit analyst at Insight Asset Management where she was covering primarily Utilities, Energy and Transport. Albane has six years’ investment experience at Aberdeen Standard Investments and 11 years’ experience in the industry. Albane holds degree in MA Economics & Finance and MA Bank, Finance & International Trade.

Shelly Morisson

Shelly Morrison

Senior Investment Director

Shelley Morrison is a Senior Investment Director in Fund Financing at Aberdeen Standard Investments with extensive experience in the origination, structuring and execution of fund level debt facilities. She has been with ASI since 2019. Before joining ASI Shelley was a Relationship Director in the Fund Finance team at RBS for 6 years where she managed a portfolio of subscription loans, NAV loans and GP finance to global funds across Private Equity, Private Debt, Infrastructure and Real estate. Prior to that, she worked in structured asset finance at RBS and Lloyds for 10 years, with a focus on commercial ship finance. Shelley received a first class honours degree in Geography and an MSc in Social and Political Theory, both from the University of Edinburgh.

  • Doug Cruikshank

    Head of Fund Financing Hark Capital (NAV based solutions)

    Doug Cruikshank is Head of Fund Financing and Hark Capital, running the NAV based solutions strategy at Aberdeen Standard Investments. He is a member of the U.S. Regional Investment Committee. He co-founded Hark Capital in 2012 providing non-dilutive loans to the portfolio companies of sponsors in situations that would typically require equity. The loans are based on the sponsor’s NAV, not the credit profile of the individual portfolio company.

    Doug joined Enhanced Capital, which incubated Hark Capital prior to selling it to Aberdeen Standard Investments. Prior to this he was a Managing Director at Barclays and Lehman Brothers covering financial sponsor clients. He also worked at Credit Suisse and JP Morgan doing leveraged finance, bank lending and private placements.

    Doug has an A.B. from Princeton University and a M.B.A. from the Kellogg School of Management at Northwestern University.

  • Jeremy Allcock

    Head of Infrastructure Debt

    Jeremy is the Head of the Infrastructure Debt Team with responsibility for sourcing, analysing and managing illiquid debt opportunities within agreed policy and mandate frameworks.

    Prior to joining Standard Life Investments in September 2014, Jeremy was Head of the Public Sector Team at Nationwide Building Society. Whilst at Nationwide, his primary areas of focus had been in Infrastructure (primarily PFI) and Social Housing where he has over 20 years of experience. Jeremy has four years’ investment experience at Aberdeen Standard Investments and 36 years’ experience in banking & finance.

    At Nationwide Building Society, Jeremy was personally involved in writing in excess of £1bn loans and led the Infrastructure team from inception to a book approaching £3bn at its peak. Deals sourced included some of the first PFI hospitals; the first gearing of an infrastructure fund; the first PFI Housing transaction and the first multi-authority procured street lighting project. 36 years in industry; 4 years at Aberdeen Standard Investments. Jeremy is also an associate at the Associate of the Institute of Bankers.

  • Neil Odom-Haslett

    Head of Commercial Real Estate Debt

    Neil joined Standard Life Investments in 2013 and has worked in the industry for more than 30 years. He started his career with NatWest and subsequently worked for a number of international banks, including Fortis, Eurohypo, RBS and Deutsche Pfandbrief Bank, where he was the only non-German domiciled person to be given the powers of a voting member of the credit committee.

    Neil has extensive experience in both originating and restructuring in the UK and Europe. This has provided ample opportunity to both initiate new relationships with borrowers and maintain good working relationships in more challenging restructuring situations. Neil is also President of the Association of Property Lenders (the UK lending representative body) and has four years’ investment experience at Aberdeen Standard Investments, and over 30 years’ in the industry. Neil is also an associate at the Associate of the Institute of Bankers.

  • Albane Poulin

    Investment Director, Private Placement Debt

    Albane has been the lead fund manager of the Secure Income and Cash Flow Fund since its inception in 2017, investing in a range of private credit asset classes including Private Placement, Infrastructure Debt and Commercial Real Estate Debt. Her responsibilities also include the origination of private placement on behalf of ASI clients. She has credit research responsibilities on the public market covering peripheral utilities, and transport / infrastructure. She also manages a Credit Fund for a large insurance client where the objective is to take advantage of opportunities to collect illiquidity premium on the credit markets.

    Albane joined Standard Life Investments as an Investment Director in 2015 following the acquisition of Ignis Asset Management. Prior to this, she was credit analyst at Insight Asset Management where she was covering primarily Utilities, Energy and Transport. Albane has six years’ investment experience at Aberdeen Standard Investments and 11 years’ experience in the industry. Albane holds degree in MA Economics & Finance and MA Bank, Finance & International Trade.

  • Shelly Morrison

    Senior Investment Director

    Shelley Morrison is a Senior Investment Director in Fund Financing at Aberdeen Standard Investments with extensive experience in the origination, structuring and execution of fund level debt facilities. She has been with ASI since 2019. Before joining ASI Shelley was a Relationship Director in the Fund Finance team at RBS for 6 years where she managed a portfolio of subscription loans, NAV loans and GP finance to global funds across Private Equity, Private Debt, Infrastructure and Real estate. Prior to that, she worked in structured asset finance at RBS and Lloyds for 10 years, with a focus on commercial ship finance. Shelley received a first class honours degree in Geography and an MSc in Social and Political Theory, both from the University of Edinburgh.