Episode 192: Filling the Gap: The Case for Non-Sponsored Direct Lending

In this episode of the InsuranceAUM.com Podcast, host Stewart Foley sits down with Chris Rust, Co-Head of European Credit Opportunities at Ninety One, to explore the dynamic world of insurance asset management and private credit. With over 25 years of industry experience, Chris offers a deep dive into the European mid-market, specifically focusing on non-sponsored borrowers and asset-backed lending strategies.

Chris shares insights on why the European mid-market presents unique opportunities for insurers looking to diversify their portfolios, address a significant funding gap, and achieve attractive risk-adjusted returns. He also discusses the appeal of lending to sponsorless borrowers, how to successfully originate and structure these deals, and the importance of downside protection through asset-backed loans.

Listeners will gain a comprehensive understanding of the European private credit landscape, the potential benefits of adding this asset class to a global portfolio, and the keys to success in navigating this less crowded, yet highly lucrative, market.