Private Debt – Opportunities in Corporate Direct Lending
Autor S Nesbitten Limba Engleză Hardback – 22 feb 2019
Preț: 292.76 lei
Puncte Express: 439
Preț estimativ în valută:
56.09€ • 60.76$ • 48.10£
56.09€ • 60.76$ • 48.10£
Carte indisponibilă temporar
Doresc să fiu notificat când acest titlu va fi disponibil:
Se trimite...
Preluare comenzi: 021 569.72.76
Specificații
ISBN-13: 9781119501152
ISBN-10: 1119501156
Pagini: 256
Dimensiuni: 158 x 231 x 24 mm
Greutate: 0.45 kg
Editura: Wiley
Locul publicării:Hoboken, United States
ISBN-10: 1119501156
Pagini: 256
Dimensiuni: 158 x 231 x 24 mm
Greutate: 0.45 kg
Editura: Wiley
Locul publicării:Hoboken, United States
Public țintă
Institutional investors, retail investors, and financial advisorsNotă biografică
STEPHEN L. NESBITT is Chief Executive Officer and Chief Investment Officer of Cliffwater LLC, an investment advisory firm specializing in alternative investments including hedge funds, private equity, real estate, and infrastructure. Prior to forming Cliffwater in 2004, Steve was head of investment consulting at Wilshire Associates.
Cuprins
Introduction ix Acknowledgments xii CHAPTER 1 Overview of US Middle Market Corporate Direct Lending 1 CHAPTER 2 The Historical Performance of US Middle Market Direct Loans 9 CHAPTER 3 Performance Comparisons to Other Asset Classes 21 CHAPTER 4 Current Yield or Yield to Maturity? 29 CHAPTER 5 Comparative Credit Loss Rates 35 CHAPTER 6 How Liquid Are Direct Loans? 37 CHAPTER 7 Credit as a Separate Asset Class 41 CHAPTER 8 Loans and the Theory of Credit 53 CHAPTER 9 Risk Premiums in US Middle Market Lending 71 CHAPTER 10 Covenants and the Loan Agreement 79 CHAPTER 11 Should Direct Loan Portfolios Be Leveraged? 83 CHAPTER 12 Business Development Companies 91 CHAPTER 13 Selecting Direct Lending Managers 105 CHAPTER 14 Loan Valuation 125 CHAPTER 15 Investment Fees 131 CHAPTER 16 Direct Lending and J-curve Mitigation 139 CHAPTER 17 Portfolio Construction 143 CHAPTER 18 Expected Returns and Risks from Direct Lending 153 CHAPTER 19 Asset Allocation 163 CHAPTER 20 European Middle Market Direct Lending 167 CHAPTER 21 The Borrower's Perspective 175 CHAPTER 22 Other Private Debt Opportunities 181 Conclusion 219 Glossary 221 List of Exhibits 231 Index 235