Private Credit

TDAM Private Debt

At a Glance

Investment-grade private debt solutions offer an opportunity for incremental yield without sacrificing credit quality. Our approach provides global exposure to private opportunities that diversifies Canadian public credit by geography and sector. Featured sectors include infrastructure debt, energy and renewable power financing, corporate credit and real estate debt.

Investment Grade Quality Private debt: An Opportunity for Incremental Yield

Access to incremental income relative to comparable publicly rated securities.
Enhanced credit protection through direct issuer negotiations.
Deal selectivity supported by highly predictable contractual cash flow.

Philosophy and approach

Our solutions are built around a team-based model, ensuring a consistent investment approach in the management of our clients' portfolios. The Alternatives Team is fully integrated, and functions as one team, with a focus on adding value for clients. We believe that our commitment to our people and our disciplined, repeatable processes will drive strong results over the long-term.

Investment Process:

Our Private Debt Research and & Origination team adheres to a rigorous public credit research philosophy, including Credit Committee oversight and approval. Portfolio management is separate to help ensure investment objectives are achieved. Guiding principles stress extensive independent credit research, sound valuation analysis and disciplined portfolio construction.

ESG

Environment, Social, and Governance (ESG) integration aligns with our philosophy of seeking investments in sustainable, long-term assets through a risk-managed process. We strive for a fully integrated ESG engagement process in our investment products.

Our Fundamental Equity Investment team integrates ESG factors directly into their investment analysis through a process involving the following central components:

Systematic ESG Reviews: We look at a number of ESG indicators that we believe apply to all industry sectors and elevate any issues that could put a company’s expected earnings at risk. Each company research report incorporates an ESG assessment, ensuring concerns around risk exposures are reviewed, updated and evaluated by our sector analysts.

Thematic ESG Research: We produce broad thematic ESG research on topics that have the potential to highly impact the companies in which we invest. We have found this to be the best way to highlight the structural changes to various sectors and impacts to the companies themselves.

Active Ownership. Our in-depth research helps our commitment to active ownership. We strive to be active owners by engaging with the companies in which we invest and by taking advantage of our voting rights to help effect change. Our intent is to both improve corporate ESG disclosures as well as improve companies' ESG-related practices.

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