PM Alpha to launch first products targeting Global Corporate Distress & Dislocations and Real Asset Dislocations

Private Markets Alpha (PM Alpha), the digital marketplace for asset managers, wealth managers, advisors and distributors to access and distribute private markets investments, in the run-up to its first product launches of 2023 has identified thematic investment opportunities in Global Corporate Distress & Dislocations and Real Asset Dislocations – both outlined in a recent webcast featuring Daniel Stenson, Partner at Apollo Global Management, Joseph Mazzoli, Director, Global Private Finance at Barings, Stephen Green, Senior Partner, Special Situations Head at Patron Capital, and Thomas Light, Portfolio Manager at Muzinich & Co.

The thematic focus features against a backdrop of rising inflation, in which companies face refinancing at sharply higher interest rates compared to the low-to-zero rates in effect before the global Pandemic impacted three years ago, the managers noted.

And for those companies with weaker balance sheets today, evidence is mounting that private markets investors in asset classes such as credit, real estate and aviation can plug financing gaps abandoned by traditional lenders – the banks – leaving them with the opportunity to generate equity-like returns but higher up the capital structure.

PM Alpha Founder & CIO Alexis Weber, noted that private markets tend to show resilience in periods of dislocation. Building on the theme of the ongoing Great Correction at the macro level, he is looking for strategies in alternative credit, special situations, real estate alongside secondaries and GP-led investments.

Key trends noted by the participating managers include: