Private Debt: Yield, Safety and the Emergence of Alternative Lending

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.

Author: Stephen L. Nesbitt
Publisher: Wiley
Published: 02/07/2023
Pages: 320
Binding Type: Hardcover
Weight: 1.40lbs
Size: 9.06h x 6.06w x 1.18d
ISBN: 9781119944393

About the Author

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.