Global Credit
Our actively managed Global Credit strategy delivers higher risk-adjusted returns with a diversified portfolio that includes public and private credit market segments with a focus on private and high-yield credit.
While traditional investors operate in siloed segments scattered across asset classes, IMCO does credit differently. We take a holistic approach to portfolio construction, allocating capital across the entire public and private global credit spectrum - corporate, structured and real assets. The result is a highly diversified portfolio that provides clients with a single allocation to credit, offering both a total return and the best relative value returns between public and private credit.
With decades of experience investing across segments, geographies and cycle stages, our sophisticated Global Credit team capitalizes on market opportunities as they arise, especially in the increasingly attractive private credit sector.
Our collaborative culture and value-add approach to strategic partnerships makes us a preferred partner to some of the largest investors in the world. When selecting our partners, we seek to understand how managers approach ESG and climate risks in their underwriting and engagement practices. We include ESG risk analysis in our direct investment decision-making process.
We have a targeted strategy to grow our highly diversified Global Credit portfolio to $10 billion or more by 2027, offering clients unmatched value and cost-effective, risk-adjusted returns well into the future. IMCO's progressive approach to credit investing provides our clients with a unique offering - a single consolidated Global Credit portfolio which invests in a broad range of public and private credit market segments, enhanced by our strategic focus on sectors that maximize returns including direct middle market lending, infrastructure debt and capital solutions.
Private Credit
Direct Middle Market Lending: Our direct middle market lending strategy emphasizes active management of private floating-rate loans, enabled by our unique opportunities as a scale player with strong partners and the ability to tolerate illiquidity. By leveraging our broad access to credit opportunities, we deliver superior risk-adjusted returns for our clients while enhancing our portfolio with private market premia.
Alternatives (Structured Credit/Capital Solutions/Distressed Debt): We partner with private companies to offer flexible capital solutions in the form of actively managed, high-yield or floating rate loans. These special situation/distressed loans play an instrumental role in providing our total portfolio with diversification and private market premia.
Real Assets: We partner with private real estate and infrastructure companies to offer flexible capital solutions in the form of actively managed, high yield or floating rate loans. These loans play an instrumental role in providing the total portfolio with diversification and private market premia.
Public Credit
Bonds: Our bond strategy includes allocations to investment grade and high-yield bonds. Our strategy is grounded in active management, delivering a high yield, liquid asset class that contributes to the total portfolio’s stability. Through robust credit analysis and a disciplined approach, we continually adapt to market dynamics, such as interest rate moves, to optimize investment performance.
Leveraged Loans: Our leveraged loans strategy invests in diversified portfolios of actively traded broadly syndicated loans from below investment-grade issuers. These loans are typically at the top of the capital structure and secured by the borrower’s assets, providing higher recovery rates and reducing portfolio volatility. The floating rate nature of these investments neutralizes interest rate risk, while providing the portfolio with income and the potential for capital appreciation.
Specialty Credit: Our specialty credit strategy actively manages unique, floating-rate instruments, capitalising on market inefficiencies to extract relative value. These investments add diversification, public market premia and liquidity to our total portfolio, reinforcing its resilience and adaptability to varying market conditions.
Our Investment Strategy in Action
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Jennifer Hartviksen shares her perspective on private credit
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Investing Between the Lines: IMCO's Evolving Approach to Global Credit
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Adding actively managed public credit exposure for diversification and attractive, risk-adjusted return potential
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Private Debt International: From the ground up – The Canadian LP building things differently
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Building our standalone Global Credit portfolio through private direct lending
Select Strategic Partners
Management team
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Craig Ferguson
Senior Managing Director, Head of Private Equity and Global Credit -
Jennifer Hartviksen
Managing Director,
Head of Global Credit -
Amit Dutta
Managing Director, Global Credit -
Fernando Martinez
Managing Director, Global Credit