Muzinich & Co

Transformation or restructuring processes are often highly complex, requiring solutions that may not be readily available from traditional funding sources. In our latest article, Carlo Bosco, co-head of capital solutions, pan-Europe, at Muzinich & Co., explains why private lenders could play an important role in helping good companies facing temporary difficulties or complexity return to health - https://lnkd.in/ezBscuuA For more information on Muzinich & Co., visit www.muzinich.com To receive the latest thinking from our investment teams on public and private corporate credit markets, click here - https://lnkd.in/epZwbVYx #Leverage #SpecialSituations #CapitalSolutions #Restructuring

The aviation sector has continued to demonstrate resilience in 2024. But what does that mean for investors in aviation debt? That’s the question our global head of aviation finance Alok Wadhawan and portfolio manager Brian Lau seek to answer in our latest article. 🔗 https://lnkd.in/evecQm72 For more information on our aviation platform, visit https://lnkd.in/dV8f_P8C To receive the latest thinking from our investment teams on public and private corporate credit markets, click here - https://lnkd.in/epZwbVYx #aviationfinance #alternativelending #aircraft #debtinvesting #aviation

When it comes to credit, we’ve got you covered. ✔ High yield ✔ Investment grade ✔ Emerging-market corporates ✔ Multi-asset credit ✔ Absolute return credit ✔ Syndicated loans ✔ CLOs ✔ Direct lending ✔ Liquid private credit ✔ Parallel lending ✔ Aviation finance ✔ Capital solutions To receive the latest thinking from our investment teams on public and private corporate credit markets, sign up by clicking here - https://lnkd.in/epZwbVYx #corporatecredit #publicmarkets #privatemarkets Muzinich & Co views and opinions are for illustrated purposes only and not to be construed as investment advice.

Corporate credit in 2025: All about yield (still) Much has been written about the tightness of corporate spreads; so much so, it seems to have been forgotten that most investors buy yields, not spreads. And, as our 2025 Corporate Credit Outlook highlights, we still believe attractive yields can be found across sub-asset classes. Nevertheless, the coming 12 months are likely to see greater dispersion, as trade tensions, diverging monetary policies and vastly different economic growth trajectories play out. Dive into the outlook, here: https://lnkd.in/eUS8VKvy For more information on Muzinich & Co., visit www.muzinich.com To receive the latest thinking from our investment teams on public and private corporate credit markets, click here - https://lnkd.in/epZwbVYx #FixedIncome #InvestmentStrategy #CreditMarkets2025 #FinancialOutlook Views and opinions for illustrative purposes only, not to be construed as investment advice or an invitation to engage in any investment activity.

Interest rate cuts are reducing the returns on cash and short-term fixed income instruments like money markets. But what are the options for investors in cash that want better returns but without taking excess interest rate or credit risk? That’s the question Muzinich & Co.’s co-head of public markets Tatjana Greil Castro, PhD and portfolio manager Ian Horn, CFA seek to answer in their latest article, 'What to do when the allure of cash fades'. Please click to read the article - 🔗 https://lnkd.in/dcQnYSvd

Let’s cut to the chase   Holiday season may be fast approaching, but there is no sign of things tailing off in financial markets. Among the big stories last week: ◼️ Central banks in Europe and Canada went big on rate cuts. ◼️ China signalled a monetary policy pivot, stirring a big reaction in bond markets, and looks set to fight fire with fire ahead of a potential trade war with the US. ◼️ The latest US inflation data offered a timely reminder that the Fed’s job is not done yet. ◼️ France got another prime minister and a downgrade to its sovereign rating. From rate cuts to China preparing to get "moderately loose", our latest Weekly Market Comment unpacks the week's key developments and what they mean for credit markets. Dive into the full analysis here: https://lnkd.in/eN_PDMRM #Investing #Markets #CentralBanks #EconomicOutlook For more information on Muzinich & Co., visit www.muzinich.com To receive the latest thinking from our investment teams on public and private corporate credit markets, click here - https://lnkd.in/epZwbVYx

Years of macroeconomic and geopolitical headwinds have had an unexpectedly positive effect on emerging market corporates, potentially setting them up for a strong 2025 argues warren hyland. Click here to read the article - https://lnkd.in/ewVnjG9X For more information on Muzinich & Co, visit www.muzinich.com

Holiday Reading Ideas After a busy 2024, we hope you get some well-earned downtime over the holidays.   One of the simple pleasures of being out of the office is having time to read.   So, if investment grade is more your thing than Indiana Jones, or you find aviation finance more appealing than The Aviator, why not try something from our hand-picked selection of recent articles written by our investment team by clicking on the image below.   Happy reading and, from all of us at Muzinich & Co., we hope you have a restful holiday period and wish you a healthy and successful 2025.   To receive the latest thinking from our investment teams on public and private corporate credit markets straight to your inbox, click here - https://lnkd.in/epZwbVYx   #creditmarkets #fixedincome #publicmarkets #privatemarkets Views and opinions for illustrative purposes only, not to be construed as investment advice or an invitation to engage in any investment activity.

Muzinich & Co Corporate Credit Snapshot – December 2024 ◼️ Global credit generated positive returns across the board in November  ◼️ US Treasury yields fell more at the longer end than at the front end; a trend typically observed when markets perceive that near term central bank rate cuts are already fully priced in ◼️ The yield on the German 10-year fell about 30 basis points as the market moved to price more rate cuts from the European Central Bank in response to a weaker economic outlook ◼️ Emerging Market (EM) debt gained on tightening spreads driven by positive sentiment surrounding the US presidential election. Government bond yields moved lower globally, creating a favorable environment for EM assets as investors sought higher yields in a declining rate environment Please click to read our monthly Corporate Credit Snapshot which looks back at market events over the previous month - https://lnkd.in/ev2TXDqU #corporatecredit #fixedincome #publicmarkets Past performance is not a reliable indicator of current or future performance

Why are markets so ambivalent to political noise? Political turbulence has been a dominant theme this year, but markets continue to show resilience. ◼️ Last week, French PM Michael Barnier resigned after losing a no-confidence vote over planned fiscal reforms. And yet, French markets rallied. ◼️ In South Korea, martial law was declared and repealed within six hours. And yet, Korean markets barely flinched. But is the ebullient mood of investors a sign of resilience — or complacency? For our thoughts, read our latest roundup of the key developments in financial markets and economies, available here - 🔗 https://lnkd.in/esAMq72z For more information on Muzinich & Co., visit www.muzinich.com To receive the latest thinking from our investment teams on public and private corporate credit markets, click here - https://lnkd.in/epZwbVYx