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THE ALTERNATIVE FORTUNE LIBRARY
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Mezzanine Finance for Property Development and Real Estate: How It Works
How mezzanine finance works in property development: where it sits in the capital stack, what it costs, and why the mezz slice carries the project’s real risk.
What Is Mezzanine Finance? Where It Sits Between Senior Debt and Equity
Mezzanine finance sits between senior debt and equity. Here is how its returns are built from coupon, PIK and warrants, and what the position really costs.
Mezzanine Financing Examples: Simple Deal Structures and Real-World Use Cases
Three worked mezzanine financing examples with real coupon, PIK and warrant figures, showing how the layer between senior debt and equity gets priced.
What Is Distressed Debt? Strategy, Risks and How Investors Make Money
Distressed debt explained: how investors buy corporate debt below par, make money through restructuring and control, and where the real risks sit.
Infrastructure Debt Explained: How Investors Finance Essential Assets
Infrastructure debt lends against essential assets like power grids, ports and data centres. Here is how it is structured and why it loses less.
Distressed debt ETFs and funds: what exposure do investors actually get
Distressed debt ETFs and funds promise distressed exposure. Here is what you actually get, vehicle by vehicle, and where the real returns sit.
What Is Private Equity? Meaning, How It Works and Why It Matters for Investors
What is private equity, how it works, and where returns really come from. The long-run edge is real, but it lives in manager selection, not the average.
What Is a Private Equity Firm? What Firms Actually Do and How They Make Money
How a private equity firm runs day to day and how it actually gets paid: the management fee machine, carried interest, and a worked 2-and-20 example.
What Is a BDC in Private Credit? How Business Development Companies Give Investors Access
What a BDC is, how business development companies give US investors a listed door into private credit, the wrappers a non-US investor buys instead (LTAF, ELTIF, UCITS, listed debt trusts), and why listed versus non-traded is the choice that matters.
The Rise of Private Credit ETFs: Can You Get Liquid Exposure?
Private credit ETFs promise daily liquidity on loans that take months to sell. Here is how the wrapper actually works, and where the liquidity really comes from.
Private Credit vs Private Debt: Are They Actually Different?
Private credit vs private debt: are they actually different? The honest answer, why the experts disagree, and the one distinction that affects your money.
Largest Private Credit Firms and Funds: Who Runs the Market?
The largest private credit firms ranked by AUM: Apollo, Ares, Blackstone, KKR and more, with real 2025 figures and why the league tables disagree.
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