Private Credit
An asset class combining potential for yield and exposure to unique performance drivers.
Meet the teamA range of advantages
ESG is at the heart of our process
Our capabilities
What we offer our clients
Commercial Real Estate Debt
Commercial real estate debt finances property across a range of sectors including office, industrial and retail, with security provided by the property itself.
Corporate Debt
Private corporate lending can take many forms. Large corporates sometimes prefer to borrow privately to circumvent the constraints of public market issuance, and loans to mid-size corporates.
Infrastructure Debt
Infrastructure debt finances social and economic projects which often have monopoly-like characteristics, providing investors with uncorrelated, high quality cash flows.
Fund Finance
We provide credit facilities to private equity funds so that they can bridge investment requirements without having to draw capital from their investors. The benefits across stakeholders include operational efficiency, enhanced internal-rate-of-returns (IRRs) and, in turn, less negative returns in the early years of an investment.
Why are we offering fund financing to investors:
Risk warning
The value of investments, and the income from them, can go down as well as up and an investor may get back less than the amount invested. Past performance is not a guide to future results.
Meet the team
Neil Odom Haslett
Head of Private Credit
Neil joined the company in 2013 and has worked in the industry for more than 30 years. He started his career with NatWest and subsequently worked for a number of international banks, including Fortis, Eurohypo, RBS and Deutsche Pfandbrief Bank, where he was the only non-German domiciled person to be given the powers of a voting member of the credit committee.
Neil has extensive experience in both originating and restructuring in the UK and Europe. This has provided ample opportunity to both initiate new relationships with borrowers and maintain good working relationships in more challenging restructuring situations. Neil is also President of the Association of Property Lenders (the UK lending representative body) and has four years’ investment experience at abrdn, and over 30 years’ in the industry. Neil is also an associate at the Associate of the Institute of Bankers.
Martin Barnwell
Head of Commercial Real Estate Lending
Jeremy Allcock
Head of Infrastructure Debt
Jeremy is the Head of the Infrastructure Debt Team with responsibility for sourcing, analysing and managing illiquid debt opportunities within agreed policy and mandate frameworks.
Prior to joining the company in September 2014, Jeremy was Head of the Public Sector Team at Nationwide Building Society. Whilst at Nationwide, his primary areas of focus had been in Infrastructure (primarily PFI) and Social Housing where he has over 20 years of experience. Jeremy has four years’ investment experience at abrdn and 36 years’ experience in banking & finance.
Prior to joining the company in September 2014, Jeremy was Head of the Public Sector Team at Nationwide Building Society. Whilst at Nationwide, his primary areas of focus had been in Infrastructure (primarily PFI) and Social Housing where he has over 20 years of experience. Jeremy has four years’ investment experience at abrdn and 36 years’ experience in banking & finance.
At Nationwide Building Society, Jeremy was personally involved in writing in excess of £1bn loans and led the Infrastructure team from inception to a book approaching £3bn at its peak. Deals sourced included some of the first PFI hospitals; the first gearing of an infrastructure fund; the first PFI Housing transaction and the first multi-authority procured street lighting project. 36 years in industry; 4 years at abrdn. Jeremy is also an associate at the Associate of the Institute of Bankers.
Shelley Morrison
Senior Investment Director