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Nesbitt, Stephen L.

Private Debt: Opportunities in Corporate Direct Lending

Nesbitt, Stephen L. - Private Debt: Opportunities in Corporate Direct Lending, ebook

52,95€

Ebook, ePUB with Adobe DRM
ISBN: 9781119501169
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Printing77 pages with an additional page accrued every 10 hours, capped at 77 pages
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The essential resource for navigating the growing direct loan market

Private Debt: Opportunities in Corporate Direct Lending 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.

This book dissects direct loans as a class, providing the critical background information needed in order to work effectively with these assets.

  • Understand direct lending as an asset class, and the different types of loans available
  • Examine the opportunities, potential risks, and historical yield
  • Delve into various loan investment vehicles, including the Business Development Company structure
  • Learn how to structure a direct loan portfolio, and where it fits within your total portfolio

The rapid rise of direct lending left a knowledge gap surrounding these nontraditional assets, leaving many investors ill-equipped to take full advantage of ever-increasing growth.This book provides a uniquely comprehensive guide to corporate direct lending, acting as both crash course and desk reference to facilitate smart investment decision making.

Keywords:

direct lending; direct loans asset class; understanding direct loans; direct corporate lending; loan investment; direct loan investment; direct loan market; direct loan yield; direct lending historical yield; direct loan investing pitfalls; direct loan dangers; private direct lending; direct loan types; direct loan portfolio; direct lending allocation; BDC structure; Business Development Company structure; direct loan returns; Investment Opportunities in Corporate Direct Lending; Stephen L. Nesbitt

Author(s)
Publisher
John Wiley and Sons, Inc.
Publication year
2019
Language
en
Edition
1
Series
Wiley Finance
Page amount
256 pages
Format
Ebook
eISBN (ePUB)
9781119501169
Printed ISBN
9781119501152

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