Common Philosophy
Avoid industries that have historically incurred high defaults in the high yield market and avoid commodity-exposed companies
These include autos, publishing, financials, metals/mining, transportation, steel, paper, and upstream energy
Emphasize Hard Asset Value
Companies we target are profit-generating businesses that have various options for funding, but choose to work with us because we have more to offer than capital.
Examples of our value-add in the past include leveraging the Kayne network to make client and customer introductions, sourcing and funding add-on acquisition opportunities, sharing best practices and engaging in-house industry experts as strategic advisors.
Broad Expertise
Team of eight credit analysts with an average experience of 13 years covering all relevant industry sectors
Michael Levitt along with John Eanes and Mike Schimmel, Co-Heads of Kayne’s liquid credit group have a combined 70 years of leveraged finance experience and proven track records across various asset classes.
Risk Management
Minimize exposure to non-rated or issues rated below B2/B, avoiding stressed or distressed positions.
Discipline to exit investments when we identify any material decline in credit quality.
Avoid “doubling down” on existing positions that have underperformed.
Daily, weekly and monthly credit, portfolio manager and investment committee meetings to thoroughly assess portfolio performance and positioning.
