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THE ALTERNATIVE FORTUNE LIBRARY
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Multi-Strategy Hedge Fund Performance: Returns, Benchmarks & Risk Metrics
Multi-strategy hedge funds performance explained: learn how platforms deliver across cycles, manage drawdowns, and how fees and pass-through costs hit net returns.
What Is a Business Development Company (BDC)? A Complete Guide for Alternative Investors
A publicly-traded vehicle for accessing the high-yield world of private credit, Business Development Companies (BDCs) offer a unique opportunity for alternative investors—if you know where to look.
Direct Lending vs Private Credit: What’s the Difference?
Private credit explained: learn how it works, direct lending vs private credit, and what drives returns, fees, liquidity, and risks for investors.
What Is Asset-Based Lending? Definition, Structure and How It Works
Asset based lending explained: learn how ABL works, how the borrowing base is set, and where risks and returns sit within private credit.
Asset-Based Lending Rates, Terms and Process: What Borrowers Should Expect
Learn what private credit is and how asset based lending rates are set. Compare spreads vs fees, understand risks, and evaluate real ABL returns.
Asset-Based Lending vs Cash Flow Lending: Which Structure Suits Which Borrower?
Learn cash flow vs asset based lending in private credit—how each is underwritten, monitored, and where risks, returns, and borrower fit differ.
Mezzanine Finance for Property Development and Real Estate: How It Works
Mezzanine financing real estate explained: where it sits in the capital stack, how returns are structured, and the key risks in development and refinancings.
What Is Mezzanine Finance? Where It Sits Between Senior Debt and Equity
Learn how mezzanine finance works in private credit, from capital stack position to returns, risks, PIK, and warrants—so you can assess deals smarter.
Mezzanine Financing Examples: Simple Deal Structures and Real-World Use Cases
Learn what private credit is and how mezzanine financing works with real deal examples, returns, and key risks like subordination and refinancing.
What Is Distressed Debt? Strategy, Risks and How Investors Make Money
Learn how distressed debt in private credit works, where returns come from, and the key risks in recovery, control, and restructuring.
Infrastructure Debt Explained: How Investors Finance Essential Assets
Infrastructure debt explained: how asset-backed private credit works, where returns come from, and key risks like construction, revenue and regulation.
Distressed Debt ETFs and Funds: What Exposure Do Investors Actually Get?
Private credit explained: how distressed strategies work, what a distressed debt ETF really holds, and how liquidity, risks, and returns differ.
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