A June global investor survey from Schroders, the London-based investment management firm, tracked a significant shift in what its clients are seeking. Rather than simply hitting targeted returns, the firm’s global institutional client base is increasingly looking for lower-risk investments that can offer stable income. Institutional investors are interested in being able to make more targeted decisions, says Diana Brummer, a partner at Goodwin’s New York office. “As a result, some funds are becoming more specialized – a pattern we’ve seen in equity markets before and that is now expanding on the debt fund side.” This diversification includes some institutional investors participating in this market via providing back leverage facilities or via buying discounted portfolios of loans from banks. “Back leverage is another way to participate in underlying loans as a method to add stability or diversity,” Brummer adds. Please read the PERE Credit article for more.