Schroders expands Securitised Credit team with Senior Portfolio Manager

Schroders today announces further growth in its Securitised Credit team, with the appointment of a Senior Portfolio Manager in a newly created role, bolstering its management of assets in the collateralised loan obligation market and underlying syndicated corporate loans.

Alyse Kelly, who has more than two decades of investment experience, will be based in New York and report to Michelle Russell-Dowe, Schroders’ Head of Securitised Credit.

Alyse joins a senior team with an average of 20 years’ experience in managing institutional capital across multiple cycles. Prior to joining Schroders’ Securitised Credit team she was a Director at Pretium focused on leveraged loans in the media, telecom, lodging, gaming, leisure, and consumer products sectors.

Alyse previously held Director roles at Valcour Capital and Aladdin Capital, having begun her career as a Credit Analyst at Standard & Poor’s.

Since its acquisition in 2016, assets managed by Schroders’ Securitised Credit team have grown from $5bn to nearly $15bn in invested and committed capital. Schroders announced late last year that the team had raised $1.5 billion for its FOCUS II private credit fund.  

The team, which is based in London and New York, focuses on the full spectrum of global securitised assets across the US, Europe and APAC.

This includes mortgage-backed securities (commercial and residential), asset-backed securities, collateralised loan obligations and asset-related private debt, seeking to deliver solutions across the return and liquidity spectrum.

Michelle Russell-Dowe, Schroders’ Head of Securitised Credit, commented:

“We are excited to add Alyse’s unique perspective to our investment committee. She is a great addition to our deep bench of credit experts and her expertise is perfectly suited to help serve our clients.

“During these increasingly uncertain and unusual times, flexibility is key to accessing opportunity. Harnessing opportunities across a wide range of sectors will be critical to all our investors whether they are invested in our mutual funds, our private credit funds or our liquid hybrid strategies.

“Indeed, as we mark the beginning of what is expected to be a prolonged environment of low interest rates, a situation we call ‘#TheZero’, it is especially important to identify and deliver a diverse range of investment opportunities, including those in complex and inefficient markets. #TheZero presents incredible challenges and, with the appointment of Alyse, we look forward to continuing to be part of the solution.”

The Securitised Credit team sits within Schroders’ Private Assets (PA) business, a strategic growth area for the firm. This is a multi-strategy business built to provide investors with a range of portfolio building blocks and customised private asset strategies. 

The platform manages £45.3 billion* in assets, offering a diversified range of investment strategies, including private equity, credit, real estate, infrastructure, insurance-linked securities and impact investing. 

To view Schroders’ research in full focused on #TheZero, please click here: https://www.schroders.com/en/us/professional-investor/thought-leadership/fixed-income/thezero/

*As at 30 June, 2020