The Mutual Advantage

Fixed-Income Specialists
Guiding with Confidence Through All Markets

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We are committed to serving the institutional marketplace by offering fixed-income investment solutions.

With over $44 billion in assets under management as of May 31, 2026, we are dedicated to creating value through a prudent, thoughtful and rigorous investment decision-making process.

Our Firm & Culture

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Our tailored investment strategies incorporate a unified investment philosophy and process across the fixed income risk spectrum.

Experience, Performance and Stability

30 Investment Specialists & Professionals
37 Year Track Record as an Independent Business
$44.4B Assets Under Management
  • $35.1B Insurance
  • $1.3B Pooled Vehicles
  • $8.1B Manager of Managers
As of May 31, 2026

Thought Leadership & Market Insights

The PIK Picture: Tracking Non-Cash Income in BDC Portfolios

The PIK Picture: Tracking Non-Cash Income in BDC Portfolios

By Jake Iyoob | June 18, 2026

Private credit has become a hot topic of conversation over the past several months. More specifically, business development companies (BDCs) are a consistent subject of headlines and market commentary. BDCs are closed-end funds regulated…

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