Voya Investment Management Invests $4.4 Billion in Private Placement Debt in 2021 | News


NEW YORK–(BUSINESS WIRE)–February 16, 2022–

Voya Investment Management (Voya IM), the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced that it had committed $4.4 billion in debt in investments in private placements in 2021, including $3.7 billion invested on behalf of institutional clients.

“The market continues to grow with over $90 billion issued in the private placement market. We remain disciplined investors, only participating where credit risk, structure and pricing meet our standards,” said Chris Lyons, head of private credit. “It aligns us with the interests of our clients and is a feature of our platform that has really resonated with institutional investors.”

Voya IM has experienced significant growth in its external client base over the past five years, with institutional clients representing approximately two-thirds of Voya IM’s total private placement AUM of $23.4 billion and approximately 85% of the annual investment. The low interest rate environment and the need for institutional clients to invest have created an ever-increasing demand for private credit. Interest in the asset class continues to grow with around 50% of investors looking to put more capital into private credit.

The demand is increasing because there are some very attractive features including extra initial spread, continuous income and lower losses. Many investors in the private placement space don’t have the luxury of selectivity because they have such large target production levels to meet the demand for their affiliate or general account portfolios,” Lyons continued.

“We believe growth is driven not only by our performance, but also by our commitment to excellent customer service,” said Virginia O’Kelley, portfolio manager, private credit. “Since our affiliate account is not as large as some of our competitors, we are better aligned with customer satisfaction.”

Voya IM is a leading investor in infrastructure project finance and believes it will continue to represent a large portion of its overall private credit business. Infrastructure debt was $1.2 billion, or 27%, of the total amount Voya IM committed and funded in 2021.

“The addition of our renewable energy project finance team is a great complement to Voya’s three decades of diversified infrastructure lending. ESG is increasingly important to clients and mezzanine debt investments in renewable energy projects are an attractive way to gain ESG exposure,” Lyons said.

About Voya Investment Management

An active and leading asset management company, Voya Investment Management manages, as of December 31, 2021, more than $264 billion for affiliated and external institutions as well as individual investors. With over 40 years of experience in asset management, Voya Investment Management has the experience and resources to provide its clients with investment solutions focused on equities, fixed income, strategies and alternative and multi-asset solutions. Voya Investment Management has been named every year since 2015 as “Best Places to Work” by Pensions and investments magazine. For more information, visit voyainvestments.com. Follow Voya Investment Management on Twitter @VoyaInvestments .


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Kristopher Kagel





SOURCE: Voya Financial, Inc.

Copyright BusinessWire 2022.

PUBLISHED: 02/16/2022 10:28 AM/DISC: 02/16/2022 10:28 AM


Copyright BusinessWire 2022.


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