The opportunity

The Prisma Apex Credit strategy aims to take advantage of asset mispricing across the capital structure and through different points in the credit cycle. The strategy seeks to provide access to opportunistic credit co-investments ranging from senior secured loans to distressed debt and post-reorganisation equity and targets assets with two- to five-year expected terms. Opportunities are sourced through both internal and third-party deal flow allowing for diversified idea generation and exposures.

About the manager

Prisma is an experienced global alternative investment manager1. Founded in 2004, Prisma has a 13 year track record of providing investors with customised hedge fund/liquid alternative solutions.  Prisma has a 60 person dedicated team with investment professionals located in North America, Europe and Asia2. Over 90% of its nearly $9b of assets are managed on behalf of institutional clients. Since inception both Prisma’s asset and client base have been healthily stable. In 2017 Prisma formed a strategic partnership with PAAMCO (Pacific Alternative Asset Management Company, LLC) to create PAAMCO Prisma Holdings, LLC.

About the strategy

The Prisma Apex Credit Strategy is a highly flexible mandate with the ability to invest across the capital structure in the primary and secondary markets. The strategy is focused on opportunities arising from changes in market cycles and market inefficiencies, and targets assets with two- to five-year expected terms. The strategy is managed by senior investment professionals with direct credit investment expertise spanning the corporate and capital structure, offering strength in both security and manager evaluation.

1. Prisma Capital Partners LP is exempt from the requirement to hold an Australian Financial Services License under the Corporations Act 2001 (Cth) in respect of the financial services it provides to Wholesale Clients, and is not licensed to provide financial services to retail clients, in Australia. Prisma Capital Partners LP is regulated by the Securities and Exchange Commission of the United States of America (US) under US laws, which differ from Australian laws. Return to the reference

2. Includes an investment professional employed by our affiliate PAAMCO who performs services for Prisma in Asia. Return to the reference