Swiss asset managers Union Bancaire Privee (UBP) and Partners Group have joined forces to launch a new active income fund that will offer investors global exposure to private debt and credit markets.
The new vehicle, known as UBP PG – Active Income, will incorporate a relative value approach to allocate capital across private and public debt asset classes and regions such as investment grade, high yield, senior loan, mezzanine debt, real estate as well as infrastructure.
UBP Asset Management co-CEO Nicolas Faller said: “We believe this innovative investment solution will be of significant benefit to qualified investors looking to increase their strategic allocations to market segments they are unable to access through traditional public fixed income markets.”
It will be jointly managed by Partners Group's private debt investment team and UBP’s global and absolute return fixed income team.
Each team will oversee underlying sub-strategies based on their individual principles. An investment committee, which will include investment professionals from both the companies, will manage allocation decisions between the sub-strategies and monitor investment restrictions.
Partners Group head of portfolio and mandate solutions Roberto Cagnati said: "Partners Group has built a track record of innovation in providing investors with access to private markets investments and we are delighted to work with UBP on another innovative investment solution for the market."