Private Debt

Capitalizing on market opportunities

Investing across the debt capital structure

We focus on direct, large-cap and middle-market,

non-investment-grade credit investment solutions, in both private and public markets. Our global team in New York, London and Montréal invests in large positions across the debt capital structure. We balance credit quality, structure, risk-return profile, asset mix and portfolio diversification, among other considerations.

A video about PSP Investments’ investment in Air Medical

Fast facts

  • Over $8.9B invested since inception in late 2015 in more than 60 transactions

  • Portfolio well diversified across geographies, industries, equity sponsors and asset types

  • Global presence in Montréal, London and New York

What sets us apart?

  • Flexibility to invest across the debt capital structure in revolving credit facilities, loans and bonds 

  • Long-term capital view through cycles

  • Commitment sizes up to $1.5B

  • Partnership approach focused on speed and certainty

Private Debt at a glance

[In C$ as of March 31, 2018]

$
8.9
B
Net assets under management (AUM)
$
569
M
Investment income
8.2
%
1-year rate of return
16.5
%
Since inception annualized return (2.3 years)

Discover where we invest

Geographic diversification

  • 75.1% North America
  • 24.0% Europe
  • 0.9% Oceania

Sector diversification

  • 24.2% Health Care
  • 18.4% Technology
  • 14.1% Industrials
  • 12.5% Consumer Discretionary
  • 11.2% Financials
  • 8.1% Communications
  • 5.4% Materials
  • 3.4% Energy
  • 2.6% Consumer Staples
  • 0.1% Utilities

Product split

  • 47.3% First Lien
  • 52.7% Non First Lien

Private Debt in action

Investing across the debt capital structure

Company: MedRisk

Headquarters: United States

Investment type: Debt financing

Date: 2018

 

We provided debt financing in support of Carlyle's acquisition of MedRisk, a leading provider of managed physical medicine for the worker's compensation industry, with investments in the revolving credit facility, first lien term loan and second lien term loan. This transaction highlights Private Debt's flexibility in participating in tranches across the debt capital structure.

Investing in Europe across the debt capital structure

Company: Nets

Headquarters:  Denmark

Investment type: Second lien term loans

Date: 2018

 

We provided debt financing in support of Hellman & Friedman's take-private of Nets, the leading provider of digital payments solutions in the Nordic region, with investments in the Euro and Norwegian NOK second lien term loan tranches. This transaction highlights Private Debt's capabilities in the European market and flexibility in participating in

non-Euro, GBP and USD tranches.

Meet our team leader

David J. Scudellari

Senior Vice President and Head of Principal Debt and Credit Investments

 

Contact the team

Portrait of David J. Scudellari, Senior Vice President Head of Principal Debt and Credit Investments
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In the US, Private Debt operates under PSP Investments Holding USA LLC and its subsidiaries (the “US Entities”). The US Entities are engaged in their own distinct business activities, which are carried out through their own employees. The US Entities are not a registered broker-leader and do not intend to engage in any activities that would require such registration.