Private credit and direct lending
A trillion-dollar asset class with a thin book literature: only Nesbitt has written a general treatment, and the rest is loan-market practitioner reference.
7 books
Start here
- Junk BondsGlenn Yago, 1990
- A Pragmatist's Guide to Leveraged FinanceRobert Kricheff, 2012
- Leveraged Financial MarketsWilliam F. Maxwell, Mark Shenkman, 2010
Books 7
T3 Junk Bonds
Glenn Yago · 1990 · How non-investment-grade credit first financed borrowers banks would not touch.
Stephen J. Antczak, Douglas J. Lucas, Frank J. Fabozzi · 2009 · Loans, bonds and derivatives across the whole leveraged capital structure.
William F. Maxwell, Mark Shenkman · 2010 · Comprehensive guide to loans and high yield, the public cousins of private credit.
Robert Kricheff · 2012 · How leveraged loans and high-yield credits are underwritten and priced.
T3 Private Debt
Stephen L. Nesbitt · 2018 · The first book-length case for corporate direct lending as an asset class.
T3 Private Debt
Stephen L. Nesbitt · 2023 · Second edition, extended through the post-2020 growth of the market.
LSTA · 2006 · LSTA reference on how leveraged loans are originated, syndicated and traded.