The essential resource for navigating the growing direct loan market
Private Debt: Opportunities in Corporate Direct Lending 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.
This book dissects direct loans as a class, providing the critical background information needed in order to work effectively with these assets.
Understand direct lending as an asset class, and the different types of loans available
Examine the opportunities, potential risks, and historical yield
Delve into various loan investment vehicles, including the Business Development Company structure
Learn how to structure a direct loan portfolio, and where it fits within your total portfolio
The rapid rise of direct lending left a knowledge gap surrounding these nontraditional assets, leaving many investors ill-equipped to take full advantage of ever-increasing growth. This book provides a uniquely comprehensive guide to corporate direct lending, acting as both crash course and desk reference to facilitate smart investment decision making.
Combining practical legal tips with an exhaustive review of the law in the United States, this comprehensive reference answers more than 1,200 questions ranging from Where did the word tort come from? and How are state court judges selected? to Where did the first U.S. Supreme Court meet? Useful advice includes how to find a lawyer, how to file a complaint against a lawyer, how to document discrimination in the workplace, and how to handle oneself in court. Interspersed throughout are fun sidebars highlighting important cases and explanations of legal terms as well as entertaining information on bizarre and frivolous lawsuits, including one where a prisoner in Colorado sued prison officials after he injured himself during an escape attempt. With a wide range of information suitable for various knowledge bases—from junior high to junior college—this is an ideal source for anyone looking to get a better understanding of the law.
The Seventeenth British Edition of Practical Auditing has been completely overhauled to take account of all the recent developments. The bulk of the text is now taken from Spicer and Pegler’s Internal Audit Procedures Manual. Practical Auditing provides exhaustive and up to date coverage of current accounting standards, and is an excellent procedural guide to audit techniques and administration. The emphasis of the book is on planning each audit within a logical framework to suit the individual needs of each client in the most efficient way. The book is a comprehensive, up-to-date and authoritative treatise on modern auditing practice which will prove of immense value to practicing chartered accountants, students of accountancy and persons engages in Finance and Commerce, who wish to be acquainted with practical audit.
This thoroughly revised and updated edition, with most of the chapters of the previous edition rewritten, clearly analyzes the concepts and applications of financial accounting. The book acquaints the readers with the new International Financial Reporting Standards (IFRS) which are applicable in India from 1 April 2011 onwards. Divided into 17 chapters, the text explains, with the help of many tables, boxes, and practical examples, all the basic accounting principles. The book is written in an accessible and reader-friendly manner so that the students can comprehend the subject with great ease. Intended primarily for postgraduate students of management, the book should also be extremely useful for those preparing for accountancy examinations. Besides, practising managers should find the book handy for analyzing financial statements. The text is prepared based on IFRS revised up to 1 September 2010. Includes Revised Schedule VI on Profit and Loss Account Format, and an Annexure on Notifications on Revised Schedule VI. The book provides a CD containing a large number of PowerPoint Presentations (PPTs), along with the amended Schedule VI. The chapters, particularly those covering accounting standards, have been thoroughly revised.
“In this volume Vanessa Finch provides a new way of looking at corporate insolvency laws and processes. She adopts an interdisciplinary approach in placing two questions at the centre of her discussion. Are current English laws and procedures efficient, expert, accountable and fair? Are fundamentally revised conceptions of insolvency law needed if it is to develop in a way that serves corporate as well as broader social ends?” “Topics considered in this wide-ranging study include the different ways of financing companies, the causes of corporate failure and the prospects of designing processes that are rescue friendly. Alternative ways of distributing the assets of failed companies are also examined as are allocations of insolvency risks and the effects of insolvency on a company’s directors and employees.” “Finch argues that changes of approach are needed if insolvency law is to develop with coherence and purpose. Corporate Insolvency Law: Perspectives and Principles offers a framework for such an approach. This book has relevance across the common law world and will appeal to academics, insolvency professionals and students at advanced undergraduate as well as graduate level.”–BOOK JACKET.
The papers included in this volume represent the most current research and knowledge available about student loans and repayment. It serves as a valuable reference for researchers and policymakers who seek a deeper understanding of how, why, and which students borrow for their postsecondary education; how this borrowing may affect later decisions; and what measures can help borrowers repay their loans successfully.