Disclaimer: Views in this blog do not promote, and are not directly connected to any L&G product or service. Views are from a range of L&G investment professionals, may be specific to an author’s particular investment region or desk, and do not necessarily reflect the views of L&G. For investment professionals only.
Podcast: As above, so below – The case for crossover private credit
This week, we tackle part of the private credit universe that doesn’t often get much airtime. That’s ‘crossover credit’ – or in other words, the part of the market that sits between investment-grade and sub-investment-grade credit.
Talking us through this episode is Stu Hitchcock, L&G’s Head of Private Credit Portfolio Management. Stu addresses the size of the crossover market, the types of deals that may utilise this form of credit and how it may fit into a portfolio.
Asking the questions is Nick Jardine, Content Manager for L&G’s Private Markets platform.
You can listen on: Apple Podcasts, Audioboom and Spotify.
All data is sourced internally from L&G as of June 2025, unless otherwise stated.
Source for default rate: Moody’s Annual Default Study, 2023. Based on issuer-weighted average default rates and issuer-weighted senior unsecured bond recovery rates, from 1983-2023.
For professional investors only. Capital at risk.
Recommended content for you
Learn more about our business
We are one of the world's largest asset managers, with capabilities across asset classes to meet our clients' objectives and a longstanding commitment to responsible investing.
