What the FS KKR Downgrade Means for Investors and Fund Managers Part I of the Private Debt Insight Series : T he Quiet Storm II — Following the Moody's Junk Downgrade of FS KKR Capital Corp 🚨 BREAKING: Moody's has downgraded FS KKR Capital Corp to junk status following non-accruals reaching 5.5% on cost basis — nearly 50% above the long-term industry average of 3.8%. The Quiet Storm just got louder. When I published Part I of this analysis — "Understanding the Liquidity Sque

Part I of the Private Debt Insight Series — March 2026 For much of the last decade, private debt was the darling of institutional investors. Attractive yields, low correlation to public markets, and consistent deal flow made it a cornerstone of alternative portfolios worldwide. But beneath the surface of this booming asset class, a structural vulnerability has been building — one that is now beginning to reveal itself in the form of a liquidity squeeze, What Is a Liquidity S

Climate Investing Series/ Part II: Carbon & Your Portfolio / Blog 2: Strategies, Risks, and Rewards As the global economy transitions to a low-carbon future, carbon markets have emerged as a critical tool for financing decarbonization efforts. For investors, carbon assets represent not only an opportunity to align portfolios with sustainability goals but also a chance to diversify and manage risk. The carbon market is not just for large industries. Small and large investor

Asset Allocator Insights: The Macro Series, Part 2- Tracking M1: From Stability to Turbulence Over the past 25 years, the Eurozone has witnessed significant economic shifts, crises, and policy changes that have profoundly impacted its financial landscape. Understanding the dynamics of money supply is crucial to grasping how economies function and how inflationary pressures build up.This blog explores the evolution of the money supply in the Eurozone from 1998 to 2024 and its

Asset Allocator Insights: The Macro Series Geopolitical events, though infrequent, can significantly disrupt financial markets. These unpredictable occurrences often lead to considerable market volatility. While their immediate effects may be temporary, they can prompt fluctuations in asset prices and necessitate a reassessment of risks and opportunities. As financial markets seemed to finally catch their breath after the Covid-19 pandemic crisis, the rise of geopolitical ten

Asset Allocator Insights: The Macro Series, Part 1 – M1 and Inflation: Decoding the Trends The inflation surge observed over the past two years highlights that monetary creation cannot be ignored, even when other economic factors play a significant role. Reexamining classical economic theories in light of current realities makes it crucial for policymakers to balance economic stimulation with managing inflationary pressures. For nearly three decades, marked by low inflation,

Climate Investing Series Part II: Carbon & Your Portfolio From carbon footprint to carbon credits, the concept of decarbonization is fundamentally changing the way investors approach investment strategies. As the world shifts towards a low-carbon economy, companies are being pressured to reduce their carbon footprint, and investors are looking to prioritize investment in companies that are making progress in this area. In recent years, environmental, social and governance (

About Cleantech Investing: Climate Series Part I: Carbon As global leaders strive to achieve net-zero carbon emissions and shift towards sustainable energy sources, technology is anticipated to be a crucial enabler. Carbon capture and storage (CCS) has emerged as a promising technology that could help reduce emissions. Nevertheless, there are several obstacles that prevent CCS from gaining widespread adoption, including economic challenges and potential safety concerns. CCS

About Tech Investing Series, Part I: Investment Outlook The recent market turmoil has left investors wondering whether it's a sign of opportunity or a warning. Technology companies have dominated the investment landscape for much of the past decade, but the post-pandemic market has brought significant volatility, causing them to fall behind. Now, these companies are facing their first major test since the dot-com bubble, raising questions about their resilience and potential

Real asset Investment Series. Part I: Green Real-Estate In the report "Environmental Sustainability Principles for the Real Estate Industry", the World Economic Forum ("WEF") concludes that the construction sector, which in 2020 was responsible for approximately 39% of global greenhouse gas emissions, must be placed at the centre of climate change mitigation efforts. As environmental, social and governance (ESG) principles continue to gain traction in the financial world, in

Reflection Series - Inflation and your portfolio: Part III Numerous economic indicators and heightened geopolitical risks point to increased market volatility and recession risks for the second half of 2022 and the year ahead. Investors are well advised to switch to an all-weather portfolio framework for smoother navigation through the vagaries of economic, business and asset cycles. The all-weather or all-season portfolio concept is an asset allocation approach that aims to

Reflection Series - Inflation and your portfolio: Part Ii For a generation of investors who have rarely had to worry about their wealth being eroded by inflation, the surge seen since the beginning of the year will mark a major change in their investment habits and should lead them to consider some strategic adjustments, particularly in some of the asset classes in which they have underinvested over the past decade. There are many ways for investors to protect themselves agai

Reflection Series - Inflation and your portfolio: Part I Understanding the mechanics of inflation is essential for investing, as inflation can reduce the value of investment returns. After several years of relative calm, inflation is expected to reach its highest level in four decades. Investors need to be aware of the causes of inflation, how it affects their portfolios, and what to do when the investment landscape changes so that they can protect their portfolios, and maint

Despite a record level of green bond issuance, the African market accounts for less than 1% of global issuance. Unfortunately, this type of financing remains largely under-utilised in Africa, even though it has the potential to foster a just transition and achieve development goals, particularly in the under-resourced infrastructure sector . Africa is urbanising at a high rate, creating a growing demand for public services and infrastructure for cities and transportation. Th

Discovery Path - DeFi Investing Series: Part III Since the beginning of 2020, the global value locked up in DeFi contracts has grown from $650 million to $66 billion. DeFi yield contracts have opened the door to a higher level of sophistication and a more diverse set of investment opportunities for crypto investors to add new dimensions to their investment and trading strategy. DeFi refers to a set of smart contracts used to perform transactions and services in cryptofinanc

The cannabis industry is booming, supported by increasing legalisation and an influx of capital from venture capitalists and other investors. In recent years, the opening of the medical cannabis market has progressed rapidly not only in North America but also worldwide, resulting in a long list of start-ups, IPOs and also a wave of cannabis-related mergers and acquisitions involving production, distribution, real estate, retail and other businesses. In less than a decade, mar

ESG -Sustainability - Impact Bond investing

Discovery Path - DeFi Investing Series: Part II Billions of dollars worth of cryptocurrency are flowing through DeFi applications, and the market is growing exponentially and offers an exciting new field with many opportunities that users with the right amount of knowledge, experience, and insight, could deploy wisely their funds and earn healthy returns. The building blocks of the crypto-financial system Decentralised finance (DeFi) is reinventing the foundations of tra

Around the world, the legalisation of marijuana is regularly discussed in political circles. However, marijuana as a pharmaceutical product - cannabis and cannabidiol (CBD) - is gaining acceptance, mainly for the treatment of chronic pain, but research shows the beneficial application in the treatment of cancer and multiple sclerosis. The global legal marijuana market was valued at $9.1 billion in 2020 and is expected to grow at a compound annual rate of 26.7% from 2021 to 2

Closely tracking the performance of their underlying assets, Crypto ETFs (Exchange-Traded Funds) have averaged a double-digit decline since the beginning of the year, forcing investors to withdraw more than $186 million from the funds, 70% of which belong to Bitcoin ETFs. From a high of over $68,000 per coin in November 2021 to a low of less than $39,000 per coin in January 2022, the crypto bloodbath has taken the Bitcoin ETF from the most successful product launch of all tim