A leader with a long track record

We have more than 20 years of experience in structured finance, alternative credit and real asset debt and we have consistently partnered with investors for the long term.

Private Debt & Alt. Credit
CRE Debt
Infrastructure Debt

€87bn+

Private Debt & Alternative Credit assets under management¹

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120+

investment professionals¹

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20+ years

track record¹

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c.€25bn

CRE debt assets under management¹

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c.€10bn+

infrastructure debt assets under management¹

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European Capital Raiser in Private Debt*

*Private Debt Investor (PDI) 100 Global Annual Review, December 2022. Ranking based on capital raised over five years.

Our ESG approach

                                    Our advanced framework for private debt and alternative credit ensures that ESG is integrated at every stage of the investment process.
                

Investable universe

We define the investable universe by limiting investments exposed to specific ESG risks. Our exclusion policies focus on climate, biodiversity and human rights.

ESG integration

Adopting a bottom-up approach ensures that ESG factors are integrated into investment decisions. We carry out ESG assessments,consider carbon emissions and labels, and evaluate alignment with UN Sustainable Development Goals (SDG).

Private Debt & Alt. Credit

                                                                Most leveraged loans are secured loans issued to mid- to large-sized companies to support acquisitions and Leveraged Buy-Out (LBO) transactions.
                              

Investing in leveraged loans enables clients to gain exposure to high-yield private corporates. They typically benefit from floating interest rates, and can help monitor risks, including seniority and loan covenants that impose specific conditions on the borrower.

Our strategy

The Leveraged Loans & Private Debt team has a track record of transactions spanning over 15 years. Our portfolio managers and sector analysts bring a wealth of experience from complementary sectors, including private equity, rating agencies, banking and asset management.

We have strong sourcing capabilities, thanks to our local presence and the relationships we have built in European and US markets. We are recognized for our expertise in credit analysis and portfolio construction, enabling clients to take advantage of the structural premium of secured finance assets and diversify their investments.

                                                                Investors in Collateralized Loan Obligations (CLO) receive scheduled debt payments from underlying corporate loans secured on assets such as real estate and industrial equipment.
                              

CLOs provide a unique opportunity to move up and down the capital structure, to diversify geographically, and to gain exposure to most sectors of the economy. They are floating rate instruments, which offer a premium relative to traditional credit markets.

Our strategy

AXA IM Alts is one of the most experienced non-bank CLO investors in Europe with a solid track record and over €21 billion¹ in CLO assets under management. We have invested in CLO tranches since the inception of the market in 1999 and managed investment strategies through cycles.

Our global presence and scale are key to our success in sourcing opportunities, alongside our deep understanding of underlying asset classes and market dynamics.

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                                                                Asset-backed securities (ABS) offer significant diversification compared to traditional fixed income products such as government and corporate bonds.
                              

They offer exposure to the consumer economy, through bonds secured by a diversified pool of loans given to everyday people. These typically include mortgages, auto loans and credit card debt.

Our strategy

We focus on direct investment in prime mortgages and loans and provide long-term, secured exposure designed to meet the needs of insurance companies and pension providers. Our award-winning investment team has a track record of over 15 years across multiple credit cycles.

Our robust process covers the full spectrum of the securitized universe including residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS).

                                                                Regulations oblige banks to strengthen their capital ratios to maintain their lending capability. Capital transactions enable banks to achieve this by releasing capital.
                              

Investors can gain access to stable cash flows, via diversified credit risk exposures held on the banks’ balance sheets.

Our strategy

AXA IM Alts has longstanding expertise as a sponsor. Our Bank Capital strategy is supported by our stable management team, long-established relationships with banks and access to deals. We are recognised for our thorough investment process and our skills in portfolio construction, which combine a bottom-up approach with risk diversification.

                                                                Insurance-linked securities (ILS) are a way to transfer some insurance risks to capital markets. They provide insurers with a viable alternative to traditional reinsurance.
                              

Returns on ILS are linked to specific risks, ranging from the occurrence of a natural disaster (catastrophe bonds) to life risks related to healthcare or mortality. ILS instruments offer the ability to diversify risk. They have a generally low correlation with other assets and the wider economy.

Our strategy

Building on our experience of pricing reinsurance contracts, AXA IM Alts takes a three-step approach to investing in insurance-linked securities. We carry out qualitative analysis of each instrument; perform quantitative analysis and risk modelling, and use sophisticated pricing models.

                                                                Investors in private debt and alternative credit finance the wider economy while accessing attractive yields.
                              

Infrastructure debt funds the construction and maintenance of roads and public services. Commercial real estate debt and mortgages finance the acquisition, development or construction of commercial and residential property respectively. Alternative credit helps insurance companies and banks manage their exposure to risk and meet regulatory requirements. Loans enable fast-growing businesses to grow and refinance.

Our strategy

Our multi-asset investing strategies provide investors with an alternative to traditional fixed income. They provide access to higher yield through exposure to real assets, consumer credit and deeper corporate credit. We take an agile approach, responding to market changes proactively, and allocating across regions, strategies and markets.

Commercial real estate debt

Our award-winning CRE debt platform is among the largest in Europe.

Explore CRE debt

                                    A pioneer in commercial real estate debt, AXA IM Alts has led the market for 20 years.
                

Our CRE debt funds seek to capture returns from real estate debt investments by focusing on quality assets with growth potential and capable sponsors.

Scale and agility
Clients benefit from our size, experience and extensive access to the market. Every year, our experts assess around €100bn¹ of transactions. We are highly selective, and act on our convictions with agility.

Diversification benefits
Our combined US and European platform offers our clients geographical diversification. We invest in CRE debt across an extensive range of real estate segments.

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Strategies

Find out more

Risk warning
No assurance can be given that our strategies will be successful. Investors can lose some or all of their capital invested.

Disclaimer

This marketing communication does not constitute on the part of AXA Investment Managers a solicitation or investment, legal or tax advice. This material does not contain sufficient information to support an investment decision.
Due to its simplification, this document is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee forecasts made will come to pass. Data, figures, declarations, analysis, predictions and other information in this document is provided based on our state of knowledge at the time of creation of this document. Whilst every care is taken, no representation or warranty (including liability towards third parties), express or implied, is made as to the accuracy, reliability or completeness of the information contained herein. Reliance upon information in this material is at the sole discretion of the recipient. This material does not contain sufficient information to support an investment decision.

A leader with a long track record

Our ESG approach

Investable universe

ESG integration

Private Debt & Alt. Credit

Commercial real estate debt

Our infrastructure debt strategy provides opportunities to invest in projects around the world.