Private Debt

Stephen L. Nesbitt, an investment advisor and industry leader, returns with Private Debt: Finding Yield in a Zero Interest World, a guide for investors who want to put money into private debt. The book covers a wide range of options, including corporate direct lending, asset-backed lending, mezzanine lending, royalties, venture debt, structured credit (CLOs), specialty finance, and structured equity.

The newer edition builds on the author's earlier title, Private Opportunities in Corporate Direct Lending, and serves as his flagship text. It is intended to make a complex and fast-growing asset class easier to understand.

The book is written for serious investors who hope to earn higher yields than traditional index funds offer while keeping reasonable safety of principal and liquidity. It presents debt investment strategies that the author describes as tried and tested.