risks.

The following risks may be materially relevant but may not always be adequately captured by the summary risk indicator and may cause additional loss: Value of investments may fall, Default risk and Liquidity.

glossary.

Asset Backed Loan

Offering a single point of access to diverse opportunities in private credit

We focus on co-investments in collateralised loans that are senior-secured and short duration to target attractive, risk-adjusted returns across market cycles.

10%

p.a. IRR target with a 7% quarterly cash yield¹ and 1-3% exposure to any single investment

40 +

co-investments accessed by a single investment in our strategy

~35 years

of experience in public and private credit markets held by each of our portfolio managers

why invest?

Highly diversified portfolio of asset-backed loans (ABLs)
Targeting a final composition of 70% direct co-investments and up to 30% fund investments to drive co-investment pipeline ²
Partnerships with over 100 best-in-class managers
Providing access to a large and differentiated opportunity pipeline
Access to liquidity
Offering quarterly redemptions after initial 18-month lockup
(125-day notice, max. 5% of fund NAV per quarter), monthly subscriptions
Defensive, ‘all-weather’ strategy
Potential protection from inflation, short duration (1.5-2 years), primarily first-lien secured, fully covenanted, and largely uncorrelated to market and economic cycles³

our philosophy.

The ABL strategy provides exposure to the universe of short-duration private credit – all in a single investment. Private capital is stepping in to fill the gap left by banks’ retreat from smaller, niche lending. Our model leverages scale and expertise to partner with top managers on their most promising deals.

Diversification

A single investment in the LOIM ABL strategy accesses 40+ co-investments, selected from ~300 opportunities per annum, from 100+ different managers⁴.

Network advantages

Our co-investment model lets us select managers from across all segments of private credit, and then tap into their deal flow to identify attractive opportunities:

Superior sourcing network

More than 100 managers
Over 300 investment professionals

Niche manager expertise

Sourcing and collateral knowledge
Less competition for investments

Leverage partner resources

Lead manager always has ‘skin in the game’
Full alignment of interests

Fee efficiency

Small fund investments pay for sourcing and due diligence
Discounted fees on all co-investments

investment universe.

Asset-backed lending covers a wide range of asset classes and collateral types, for extensive risk diversification:

investment team.

Our PMs each have about 35 years of experience in public and private credit markets dating back to the late 1980s. The team also comprises 30 professionals in support functions.

locom/_legacy/images/experts/LOcom_AuthorsAM-Gedeon

Georges Gedeon
Co-Portfolio Manager
LOIM Asset Backed Loan

locom/_legacy/images/experts/LOcom_AuthorsAM-Karp

James Karp
Co-Portfolio Manager
LOIM Asset Backed Loan

Find out more about our Asset Backed Loan strategy performance and data.

more information

sources.

1 Target performance/risk represents a portfolio construction goal. It does not represent past performance/risk and may not be representative of actual future performance/risk. 7% yield reached as co-investment portfolio is built – within 2 years. 10%+ net return and 7% cash yield is an internal target which is not part of the investment objective of the fund disclosed in the Prospectus/PPM. It is not guaranteed and may not be achieved. The scenarios presented are estimates of future performance based on past data and/or current market conditions, and are not precise forecasts. LOIM Asset Backed Loan Fund return target has been calculated based on historic back testing. Actual returns will vary depending on market performance and investment duration. The fund is not a guaranteed product, and capital may be at risk. Tax treatment depends on the individual circumstances of each investor and may change over time. Performance may also be affected by currency fluctuations. Additional information on assumptions, data, and scenario analysis is available upon request.
2 70/30 is the approximate target split once the portfolio is fully ramped up and will vary over time. Holdings and/or allocations are subject to change.
3 Capital protection/Capital preservation represents a portfolio construction goal and cannot be guaranteed.
4 Target asset allocation and portfolio composition represent a portfolio construction goal. It is not representative of actual, complete nor accurate past, present or future portfolio holdings.

insights.

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important information.

This document is a Corporate Communication and is intended for Professional Investors only. This document is a Corporate Communication for Professional Investors only and is not a marketing communication related to a fund, an investment product or investment services in your country. This document is not intended to provide investment, tax, accounting, professional or legal advice. This document is issued by Lombard Odier Asset Management (Europe) Limited (hereinafter the “Company”).

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