"The essential resource for navigating the growing direct loan market Private Debt: Opportunities in Corporate Direct Lending, Second Edition provides investors with a single, comprehensive resource for understanding this asset class amidst an environment of tremendous growth. Traditionally a niche asset class pre-crisis, corporate direct lending has become an increasingly important allocation for institutional investors--assets managed by Business Development Company structures, which represent 25% of the asset class, have experienced over 600% growth since 2008 to become a $91 billion market. Middle market direct lending has traditionally been relegated to commercial banks, but onerous Dodd-Frank regulation has opened the opportunity for private asset managers to replace banks as corporate lenders; as direct loans have thus far escaped the low rates that decimate yield, this asset class has become an increasingly attractive option for institutional and retail investors"--
An essential resource for creating outsized returns in the private debt markets
In Private Debt II: Finding Yield in a Zero Interest World, renowned investment advisor and industry leader Stephen Nesbitt delivers yet another essential resource for investors seeking to acquire private debt options in the investment market, including corporate direct lending, asset-backed lending, mezzanine lending, royalties, venture debt, structured credit (CLOs), specialty finance, and structured equity.
Building on the success and popularity of Private Debt: Opportunities in Corporate Direct Lending, this latest edition of the authors flagship text helps readers understand this complex and rapidly growing asset class. The book also offers:
- Explorations of the opportunities, relevant risks, and historical yield provided by private debt
- Discussions of a variety of loan investment vehicles, including the Business Development Company structure
- Strategies for structuring a direct loan portfolio and how to fit it into your overall investment strategy
A cant-miss resource for serious investors looking for opportunities to earn higher yields than those offered by traditional index funds while still retaining reasonable safety of principle and liquidity, Private Debt II will undoubtedly become the go-to guide for anyone looking for tried and tested debt investment strategies.
