I have an upcoming interview for a direct lending 2021 summer internship role and was wondering if any of you could provide some useful resources about the landscape. I have been reading as much as I can get my hands on but would like to know if there are any "must reads" out there. Thanks!
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PMed you!!! Thanks!
Yeah I have primers and stuff but... it just so happens that I may be creating a direct lending exercise right now as part of a future online course. For example, I’m going to source the credit agreements from a bunch of key, public deals I found. Then, spread the key terms, and analyze vs. the other deals. Will require a lot more work than passive reading tho
a pragmatists guide to leveraged finance. good starter read.
I heard a lot of people mention that book. What is so valuable about it, besides basic information written in broad generalizations. Yes, reading primers is the logical 1st step. However - I am of the belief that the most engaging and efficient way to learn is through examples and exercises, and practicing / reviewing / increasing to incrementally more challenging exercises or concepts over time. Anyways - what’s the deal w/ this book?
It’s a pretty good introduction to the HY and leveraged loan markets, albeit on the simpler side. I would say it lays out the fundamentals of levfin and credit investing in an easy to understand way. For someone who doesn’t have a lot of experience or knowledge about these areas it’s a good starting point, but it’s definitely not completely comprehensive.
Curious as to how one can go about these examples and exercises. Im working in a private debt FoF capacity so I’m familiar with the markets/mechanics insofar as news resources like LCD and Refinitiv and books like the above mentioned are helpful. Is learning more just a matter of reading credit docs? What sorts of analysis do you do with them? Would love to hear ideas
Thx!!!
Any other suggestions?
I'm just cracking open Private Debt by Nesbitt to see if it's any good...
was it any good?
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