Description
Book SynopsisTable of ContentsIntroduction
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
