![Scott Baskind](/content/dam/invesco/na/en/images/people/baskind-scott-PER-HRO.jpg)
Scott Baskind
As of December 31, 2023 Invesco Senior Secured Management, Inc platform assets.
years of platform experience
dedicated professionals across the US and Europe
Our investment professionals leverage the disciplined fundamental credit process we have honed over decades of experience in private credit to provide an edge in due diligence that is hard to replicate.
We understand what deal sponsors and partners need to succeed and what investors require to access these highly targeted markets. We draw from our range of capabilities and structuring acumen to deliver bespoke solutions for clients. This approach includes our ability to systematically integrate ESG considerations at the investment strategy level.
*As of December 31, 2023 Invesco Senior Secured Management, Inc platform assets.
Our credit process has been continuously tested and refined, but it has always centered on deep due diligence, conservative underwriting, and risk mitigation to help preserve capital while targeting attractive risk-adjusted returns. This process is employed across all private credit investment strategies managed by the team.
A range of investment offerings across the private credit spectrum
Click/hover over the blue boxes to see the targeted return ranges.
Source: Invesco, as of December 31, 2023. Updated quarterly. There is no guarantee these targets will be achieved.
Our global Private Credit team is organizationally and economically aligned — including reporting to a single CIO. This structure incentivizes collaboration and improves our ability to source, underwrite, and execute attractive opportunities.
Scott Baskind
Ron Kantowitz
Paul Triggiani
Kevin Egan
Thomas Ewald
David Lukkes
CFA®
Michael Craig
CFA®
Seth Misshula
CFA®
Invesco Private Credit is one of the world’s largest and longest-tenured private credit managers. We leverage a consistent, conservative fundamental credit process to pursue opportunities across broadly syndicated loans, direct lending, and distressed debt and special situations.
Private credit is an asset class that can generally be defined as non-bank lending — privately negotiated loans and debt financing from non-bank lenders. The private credit market typically serves borrowers too small to access public debt markets or have unique circumstances requiring a private lender. Invesco includes broadly syndicated loans within private credit because of the firm’s private-side orientation and consistent due diligence approach across private credit sectors.
In general, private credit and private debt are terms that are used interchangeably to refer to private lending — loans that are provided to companies by private investors and private markets rather than by banks or public debt markets.
Default risk is the leading risk of private credit and emphasizes the need for in-depth, thorough due diligence and credit expertise. The risk that a borrower will be unable to pay back a loan (i.e., default) may be elevated because private credit typically involves non-investment-grade borrowers. Liquidity risk is another key risk of private credit because private credit securities generally are illiquid relative to publicly traded securities.
Global private credit assets total over $1 trillion* as of Dec. 31, 2021, according to various estimates. Private credit assets have been growing rapidly alongside the steady growth of the private equity industry and as investors seek diversified sources of yield and income.
*Source: Preqin database, as of Dec. 31, 2021 (most recent data available).
Why pursue direct lending in the core middle market?
The core middle market presents a large and fragmented opportunity set and attractive competitive dynamics vs. the upper middle market.
Private credit: A case for senior loans
Here’s three reasons why we believe now may be a compelling entry point and opportunity for long-term investors in private credit and senior secured bank loans.
Please reach out to learn more about our capabilities in Direct Lending, Distressed Credit and Special Situations, and Broadly Syndicated Loans.
While portfolio managers may consider Environmental, Social, and Governance (ESG) aspects, there is no guarantee that the evaluation of ESG considerations will be additive to a strategy’s performance.
Whilst the manager considers ESG+R aspects they are not bound by any specific ESG+R criteria and have the flexibility to invest across the ESG+R spectrum from best to worst in class.