Park Avenue Institutional Advisers currently subadvises four fixed income mutual funds.
Floating Rate Loan Fund
This strategy, launched in 2009, leverages our deep experience and extensive analytic and processing resources in the leveraged loan market.
Separately Managed Accounts
$50 million minimum account size
Two High Yield Bond Funds
Two high yield bond strategies leverage our exceptional resources in below investment grade debt research.
A multi-sector bond fund that is led by a cross-disciplinary team of four portfolio managers. It seeks investment opportunities among a wide range of fixed income asset classes, including investment grade and below investment grade bonds, structured securities, leveraged loans, Treasurys, and foreign issuers.
For more information about PAIA, including information about our subadvisory mandates, please see our Form ADV.
COLLATERALIZED LOAN OBLIGATIONS (CLO)
Collateralized loan obligations package floating rate loans together and issue them to institutional investors in tranches. Members of our team have been committed to the management of leveraged loan portfolios since 2009 at Guardian, PAIA and its predecessor. The firm has a deeply experienced, specialized loan team that includes loan closing and trading resources, as well as a team of six analysts with an average of more than 15 years of experience specifically dedicated to high yield debt.
Park Avenue Institutional Advisers has launched five CLOs, totaling $2.1 billion, as collateral manager, since 2016.