Investment grade private credit

SLC Fixed Income

We believe that private credit markets offer investors the potential for excess spread and diversification through specialized transactions and niche sectors.

Potential benefits for investors

Investors can gain access to actively managed investment grade and high yield private credit strategies, which can provide:

  • Higher yields than comparable public issues 
  • Diversification benefits by accessing transactions and issuers not available in public markets 
  • Risk management through deal structures that are typically more rigorous than public market transactions 

Average industry experience of investment team members

17 years

AUM*

$39 Billion

Private credit professionals**

50+

Investing in private credit

40 years

* As of March 31, 2025

** Investment professionals include Portfolio Managers, Traders, Research Analysts, Portfolio Strategists, and Investment Strategists, globally, under Sun Life Capital Management (Canada) Inc., and Sun Life Capital Management (U.S.) LLC.

Helping clients achieve their investment objectives

Experienced teams with deep private credit expertise

Our investment teams have specialized in private debt for more than 40 years, offering the necessary skills to navigate a nuanced asset class.

Offerings across the credit quality spectrum

Investors can gain access to privately issued investment grade bonds, as well as high yield securities such as senior bank loans, high yield bonds, mezzanine debt and distressed debt.

Long track record of value creation

Our strategies have achieved excess spreads with lower default rates than their representative benchmarks over time.

Investment process

Our rigorous investment process aims to generate outperformance over time while helping our institutional clients achieve their long-term objectives.

1. Origination & sourcing

Prospective investments are sourced through a network that includes commercial and investment banks, independent brokers, private equity firms, developers, other lenders and potential investments directly from issuers.

2. Underwriting & due diligence

All potential investments undergo a rigorous analytical underwriting process. Prospective investments that pass a preliminary review are researched further through on-site meetings with management teams as well as extensive due diligence processes.

3. Portfolio monitoring

Portfolios are monitored on a continual basis and through formal quarterly and annual reviews focused on covenants compliance, financial statements, ratings reviews and recommendations.

4. Credit risk management

Credit risk is managed continually through an independent governance structure and via proprietary scorecards and risk ratings.

5. Daily valuation

Our investment grade private credit funds are valued daily, based on monthly deal-by-deal valuation from a third party and, ensuring transparency for investors.

Learn more about our strategies and teams below, and request our factsheets for more details.

Investment grade private fixed income

Private Credit strategies – offered by SLC Management, one of the largest private fixed income teams in North America – provide our clients with fixed rate, investment grade debt instruments, with terms from five to 30 years. They include investments in corporate debt, infrastructure debt, and structured credit.

You can request our factsheets for more information in the form below.

Elaad Keren

Senior Managing Director, Co-Head of Private Fixed Income
Elaad Keren

Andrew Kleeman

Senior Managing Director, Co-Head of Private Fixed Income
Andrew Kleeman

Liz Thorne

Managing Director, Private Fixed Income and ESG
Liz Thorne

Petra Wendroth

Managing Director, Portfolio Manager, Private Fixed Income
Petra Wendroth

Thomas Weatherbee-Martin

Associate Director, Private Fixed Income
Thomas Weatherbee-Martin

Request factsheets

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Interested in non-investment grade fixed income investing?

Explore strategies offered by Crescent Capital Group.

Learn more

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The assets under management (AUM) represent the combined AUM of Sun Life Capital Management (Canada) Inc., Sun Life Capital Management (U.S) LLC, Crescent Capital Group, BentallGreenOak, InfraRed Capital Partners, and Advisors Asset Management.

About SLC Management

SLC Management is the brand name for the institutional asset management business of Sun Life Financial Inc. (“Sun Life”) under which Sun Life Capital Management (U.S.) LLC in the United States, and Sun Life Capital Management (Canada) Inc. in Canada operate.

Sun Life Capital Management (Canada) Inc. is a Canadian registered portfolio manager, investment fund manager, exempt market dealer and in Ontario, a commodity trading manager. Sun Life Capital Management (U.S.) LLC is registered with the U.S. Securities and Exchange Commission as an investment adviser and is also a Commodity Trading Advisor and Commodity Pool Operator registered with the Commodity Futures Trading Commission under the Commodity Exchange Act and Members of the National Futures Association.

BentallGreenOak, InfraRed Capital Partners (InfraRed), Crescent Capital Group (Crescent), and Advisors Asset Management are also part of SLC Management.

BentallGreenOak is a global real estate investment management advisor and a provider of real estate services. In the U.S., real estate mandates are offered by BentallGreenOak (U.S.) Limited Partnership, who is registered with the SEC as an investment adviser, or Sun Life Institutional Distributors (U.S.) LLC, an SEC registered broker-dealer and a member of the Financial Industry Regulatory Authority (“FINRA”) . In Canada, real estate mandates are offered by BentallGreenOak (Canada) Limited Partnership, BGO Capital (Canada) Inc. or Sun Life Capital Management (Canada) Inc. BGO Capital (Canada) Inc. is a Canadian registered portfolio manager and exempt market dealer and is registered as an investment fund manager in British Columbia, Ontario and Quebec.

InfraRed Capital Partners is an international investment manager focused on infrastructure. Operating worldwide, InfraRed manages equity capital in multiple private and listed funds, primarily for institutional investors across the globe. InfraRed Capital Partners Ltd. is authorized and regulated in the UK by the Financial Conduct Authority.

Crescent Capital Group is a global alternative credit investment asset manager registered with the U.S. Securities and Exchange Commission as an investment adviser. Crescent provides private credit financing (including senior, unitranche and junior debt) to middle-market companies in the U.S. and Europe, and invests in high-yield bonds and broadly syndicated loans.

Securities will only be offered and sold in compliance with applicable securities laws.

AAM is an independent U.S. retail distribution firm that provides a range of solutions and products to financial advisors at wirehouses, registered investment advisors and independent broker-dealers.

Website content

The content of this website is intended for institutional investors only. It is not for retail use or distribution to individual investors. All investments involve risk including the possible loss of capital. All asset classes have associated risks. Certain asset classes are speculative, can include a high degree of risk and are suitable only for long-term investment. Further information available upon request. This website is for informational and educational purposes only. Past performance is not a guarantee of future results.

The information contained in this website is not intended to provide specific financial, tax, investment, insurance, legal or accounting advice and should not be relied upon and does not constitute a specific offer to buy and/or sell securities, insurance or investment services. Investors should consult with their professional advisors before acting upon any information contained on this website. The assets under management (AUM) represent the combined AUM of Sun Life Capital Management (Canada) Inc., Sun Life Capital Management (U.S) LLC, BentallGreenOak, Crescent Capital Group, InfraRed Capital Partners, and Advisors Asset Management.

AUM as of March 31, 2025. Total firm AUM includes approximately $8B in cash, other, unfunded commitments, and Advisors Asset Management equity. Total firm AUM excludes $11 billion in assets under administration by AAM.

Currency conversion rate: USD $1.00 CAD $1.4387 as of March 31, 2025.

SLC Management Newsroom: SLC-20221101-2566004

UK Tax Strategy - InfraRed (UK) Holdco 2020 Limited

InfraRed (UK) Holdco 2020 Ltd is the UK holding company of InfraRed Partners LLP and a subsidiary of Sun Life (U.S.) Holdco 2020 Inc, which has its headquarters in the U.S. The company was incorporated to purchase InfraRed Partners LLP and acts solely as a passive holding company. The Tax Strategy for the InfraRed Holdco Group sets out our approach to the management of InfraRed Holdco Group UK tax affairs in supporting business activities in the UK. 

This UK tax strategy is published in accordance with the requirements set out in Schedule 19 of Finance Act 2016. The strategy, which has been approved by the Board of Directors of InfraRed (UK) Holdco 2020 Ltd, is effective for the period ending 31 December 2024. It applies to InfraRed (UK) Holdco 2020 Ltd and its dormant subsidiary Sun Life (UK) Designated Member Ltd, referred to as the “InfraRed Holdco Group”. InfraRed Holdco Group.