Private Debt

Index

• Page references followed by e indicate an illustrated exhibit.

• 1Q 2018Middle Market Indicator (National Center for The Middle Market), 1

• '40 Act. See Investment Company Act of 1940

• A
• ABL. See Asset-based lending
• Acquired fund fees and expenses (AFFE), 94–95, 221
• Actual risk calculations, simulated risk calculations (contrast), 65e
• Administrative agent, identification, 80
• Affirmative covenants, 80–81
• Agent, 80
  • valuation agent, 229
• Alpha, 120, 155–156, 221
  • fees, relationship, 137–138
• Alternative beta, 71
• Alternative lending, 168
• Alternative risk premium, 221
• Annual capital expenditures, limitations, 81
• Annualized firm-level risk (simulation input), 61
• Appropriate (benchmark characteristic), 146, 147
• ASC 820, 15, 221
  • fair value protocols, quality, 126
  • guidelines, 128
  • oversight, 24
  • prescription, 125
  • segregated assets, 125
• Asset allocation, 154, 159–161, 163
  • credit, relationship, 45–47
• Asset-based finance, substrategies, 192
• Asset-based lending (ABL), 191–194
• Asset classes, 42–45
  • contributions, 219–220
  • credit, separation, 41
  • cumulative returns, 23e
  • expected return/risk/correlations, 160e
  • performance comparisons, 21
  • return/risk, 22e
• Assets
  • financing, infrastructure debt (usage), 195
  • investment, 91
  • maintenance, evidence, 81
  • value, 125, 228
• Asset weighted, term (definition), 221

• B
• Bank financing, selection
  • European sponsor survey, 179e–180e
  • US sponsor survey, 177e–178e
• Bank loans, 44
  • credit losses, 36e
  • price comparison, 127e
• Basel III risk capital/liquidity ...