CFA UK Fixed Income Pathway - Private debt (4 of 4)
Tuesday 19 May 2026 | 13:00 - 13:50 | Webinar
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Unlock the role of private debt in a modern credit strategy. This webinar guides you through the key segments direct lending, mezzanine, distressed and specialty finance, while revealing how the illiquidity premium can offer a meaningful edge over public markets.
The core focus of this webinar is portfolio construction covering allocation sizing using liquidity budgets, setting return expectations, assessing risk capacity, and building diversification across vintages, regions, sectors, and deal structures.
Attendees will also explore effective due‑diligence approaches and active management techniques, including covenant monitoring, workout strategies, and participation in the secondary market. the webinar will conclude by addressing performance‑measurement challenges, and how private debt integrates within a broader credit allocation.
Learning Outcomes
By the end of this webinar, participants will be able to:
- Describe the private debt market segments and evaluate the illiquidity premium relative to public credit
- Apply a portfolio construction framework incorporating liquidity budgets, return expectations and diversification strategies
- Conduct due diligence across management track record, market position, financial projections and documentation quality
- Assess active management techniques including monitoring, workout strategies and secondary market optimisation
Registration: 12:55
Event: 13:00 - 14:00
Who should attend:
Investment managers, credit research analysts and members in their first years.
You can also book on to the other thee events in the series:
CFA UK Fixed Income Pathway - Fixed income overview (1 of 4): 14 April 2026
CFA UK Fixed Income Pathway - Rates (2 of 4): 28 April 2026
CFA UK Fixed Income Pathway - Credit (3 of 4): 06 May 2026
Speaker
Stuart Hitchcock, Global Head of Portfolio Management
Stuart heads up Portfolio (Fund) Management for Legal & General Investment Management’s Private Credit business on a global basis. Stuart is responsible for overall management of the PM function, for both insurance and pension clients, with overall AUM in excess of £30 billion (equivalent). Stuart is a member of L&G Asset Management’s Senior Leadership Team and has been in the financial markets for over 24 years.
Stuart oversees and guides portfolio construction and portfolio performance and provides independent investment judgement on the underwriting of all new financings across Corporate, Infrastructure, Real Estate and Alternative debt asset classes. He leads setting overarching investment theses for mandates and helps to establish new funds/strategies.
Prior to L&G, Stuart was Managing Director and Head of International for New York Life Private Capital Investors, and before this a Director in NatWest Markets’ private debt capital markets business in both the UK and US.
Stuart has a PhD and BA from the University of Southampton. He also holds an MSt from the University of Oxford, Executive MBA (Distinction, Directors’ Award) from the University of Cambridge’s Judge Business School and FCT from the Association of Corporate of Treasurers. As non-executive, he is a co-opted member of finance committee at a UK university, and Board member of a financial company.
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