Spotlight on Matthew Turner, Head of Senior Debt, Intermediate Capital Group (ICG)
Global Thought Leader Spotlight
Matthew Turner, Head of Senior Debt, Intermediate Capital Group (ICG)
“In my role as the Head of Senior Debt, at ICG I am responsible for the Australian Senior Loan Fund. This has been built over the past 10 years and consists of a diversified portfolio of Private Debt assets. I lead a team of five investment professionals, and collectively we source, analyse and execute Private Debt opportunities, then maintain the resultant portfolio. As market pioneers, we have witnessed the development and evolution of the Australian Private Debt market.
“The opportunity in the asset class in the short to medium term is that the Private Debt Market is open, with the myriad of economic and geopolitical concerns, the public debt markets are not as available as in previous times to borrowers. This gives investors the opportunity to achieve above standard market returns at lower leverage levels.
“The main challenge to the asset class in the short to medium term worth highlighting is whether there will be sufficient volume of transactions given the delta in underlying equity valuations between willing sellers and willing buyers. Further to that, there is a question of concern around whether the continuing economic and geopolitical concerns may have longer term impacts on deal forecasting and, hence, valuations. Finally, what impacts will uncertainty surrounding the global financial system have on general deal execution? And, does broader M&A become static in this environment?
“For investors, some of the key questions to be considering in the current investment landscape include:
How do opportunities in Private Debt markets stack up versus other opportunities on a risk/return basis?
Am I focussed on downside protection and what are the merits of Private Debt that would enhance my portfolio returns?
Is Private Debt actually “Alternative”, or a core part of my portfolio construction?”
Matt will be presenting on the evolution of the Australian private debt market and how it is likely to play out in the current, uncertain economic environment, at Global Investment Institute’s upcoming Private Credit Roundtable, taking place on Thursday, 4 May 2023 at The Residence - Grand Hyatt Melbourne, Victoria.
To register your interest in attending, click here or for more information email zlatan.kapetanovic@globalii.com.au.
Matthew Turner, Head of Senior Debt, Intermediate Capital Group (ICG)
Matthew has over 28 years of debt markets experience and is the Head of Australian Senior Debt at ICG. He previously worked in NAB’s Leveraged & Acquisition Finance Team, covering the largest PE firms in the market. He has been previously rated as one of the top 5 DCM Bankers in Australia in the East Coles annual bankers survey. Prior to 2007, he spent eight years working in London, five years as a debt specialist within the Investment Banking Division of Credit Suisse and three years at FleetBoston (now part of Bank of America Merrill Lynch) where he concentrated on Leveraged Media and Telecom credits and was responsible for FleetBoston’s European secondary loan trading. Before moving to London, Matthew worked in Corporate and Institutional roles in Australian trading banks. He is regularly quoted in the Financial Press, particularly on the emergence of Private Debt in Australia. Matthew holds a Bachelor of Economics from the University of Sydney.
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