Cart
Free US shipping over $10
Proud to be B-Corp

Private Debt Stephen L. Nesbitt

Private Debt By Stephen L. Nesbitt

Private Debt by Stephen L. Nesbitt


$29.99
Condition - Very Good
Only 1 left

Faster Shipping

Get this product faster from our US warehouse

Private Debt Summary

Private Debt: Yield, Safety and the Emergence of Alternative Lending by Stephen L. Nesbitt

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 author's 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 can't-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.

About Stephen L. Nesbitt

STEPHEN L. NESBITT is Chief Executive Officer and Chief Investment Officer of Cliffwater LLC, an investment advisory firm specializing in alternative investments, including private debt, hedge funds, private equity, real estate, and infrastructure.

Table of Contents

Introduction

Acknowledgments

About the Author

Chapter 1: Overview of U.S. Middle Market Corporate Direct Lending

Chapter 2: The Historical Performance of U.S. Middle Market Direct Loans

Chapter 3: Performance Comparisons to Other Asset Classes

Chapter 4: Current Yield or Yield-to-Maturity?

Chapter 5: Comparative Credit Loss Rates

Chapter 6: How Liquid Are Direct Loans?

Chapter 7: Middle Market Loans as a Hedge Against Rising Interest Rates

Chapter 8: Credit as a Separate Asset Class

Chapter 9: Senior and Unitranche Direct Lending

Chapter 10: Loans and the Theory of Credit

Chapter 11: Risk Premiums in U.S. Middle Market Lending

Chapter 12: Covenants and the Loan Agreement

Chapter 13: Should Direct Loan Portfolios Be Leveraged?

Chapter 14: The Democratization of Alternatives

Chapter 15: Business Development Companies (BDCs)

Chapter 16: Interval and Tender Funds

Chapter 17: Selecting Direct Lending Managers

Chapter 18: Loan Valuation

Chapter 19: Investment Fees

Chapter 20: Portfolio Construction

Chapter 21: Expected Returns and Risks from Direct Lending

Chapter 22: Asset Allocation

Chapter 23: All-Weather Private Debt

Chapter 24: Enter SOFR

Chapter 25: European Middle Market Direct Lending

Chapter 26: The Borrower's Perspective

Chapter 27: Enhanced Lending

Conclusion

Index

Additional information

CIN1119944392VG
9781119944393
1119944392
Private Debt: Yield, Safety and the Emergence of Alternative Lending by Stephen L. Nesbitt
Used - Very Good
Hardback
John Wiley & Sons Inc
2023-02-09
320
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - Private Debt