Private debt, yield, safety and the emergence of alternative lending, Stephen L. Nesbitt
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Private debt, yield, safety and the emergence of alternative lending, Stephen L. Nesbitt
Language
eng
Illustrations
charts
Index
no index present
Literary form
non fiction
Main title
Private debt
Oclc number
1348869835
Responsibility statement
Stephen L. Nesbitt
Series statement
Wiley finance series
Sub title
yield, safety and the emergence of alternative lending
Summary
"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"--, Provided by publisher
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