Aon raises nearly $350m for opportunistic credit strategy

Chicago-based Aon Investments announced this week that it has collected from U.S. institutional investors approximately $350 million for a new opportunistic credit investment strategy. The strategy targets public corporate and structured credit, stressed credit and real estate debt. Aon boasts 300 investment consulting professionals with more than 480 clients representing aggregate assets more than $2 trillion. At the end of 2019, the firm had $136 billion in assets under management across all asset strategies, according to the firm’s U.S. SEC Form ADV. “The Opportunistic Credit strategy will draw on Aon’s broad research capabilities to take advantage of global dislocations in the credit markets to generate returns that are compelling on both an absolute and risk-adjusted basis,” said Steve Voss, senior partner and head of Aon Investments for North America. “We are confident in the global platform and team we have build to find these opportunities to drive value for our investors in a quickly evolving marketplace.” Aon said that the investment is appropriate for clients who are willing to take liquidity risk in exchange for attractive return potential. Much of that has been driven by the COVID-19 pandemic that has led to dislocations in markets, according to Russ Ivinjack, senior partner for Aon Investments. Stressed and distressed credit is a focus of the new strategy with a focus on businesses and securities impacted by the financial and economic crisis. Liquidity-driven dislocations in leveraged loans, high-yield bonds, collateralized loan obligations and asset-backed securities. Then in real estate credit the team is looking at targeted sectors, such as single-asset-single-borrower and K-series securities, that offer attractive valuations.

Aon raises nearly $350m for opportunistic credit strategy

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