Brigade High Income Fund

The Brigade High Income Fund (the “Fund”) seeks to generate current income and achieve long-term capital growth by investing primarily in high yield corporate bonds and opportunistically in bank loans and other credit instruments. The strategy employs a bottom-up, fundamental research-based approach seeking to balance risk and reward while utilizing portfolio rotation across asset class, rating, seniority and sector as the credit cycle evolves. 

It seeks investment opportunities that meet the following criteria:

1. Substantial asset coverage and/or generate free cash flow generation

2. Defined qualitative characteristics, including a strong management team, positive operating momentum, high market share, among others

3. Catalyst to unlock embedded value, including raising capital, asset sale, restructuring, or paying down debt through free cash flow

Risk management emphasizes diversification and capital preservation; exposures are monitored real time through proprietary risk software and pre- and post- trade compliance reporting. There is no use of leverage in the Fund.