In the Second Edition of Private Debt: Yield, Safety and the Emergence of Alternative Lending, celebrated investment advisor and industry leader Stephen Nesbitt delivers the latest installment in an essential resource for investors looking to acquire private debt options in the investment market. Corporate direct lending, asset-backed lending, mezzanine lending, royalties, venture debt, structured credit (CLOs), specialty finance, and structured equity are all covered in the text. Building on the popularity and success of the author's seminal 2019 text helps potential investors understand this complex and rapidly growing asset class. In this fully revised and updated book, you'll find explorations of the opportunities, risks, and historical yield offered by private debt investing and discussions of a variety of loan investment vehicles--including the Business Development Company structure. You'll also discover strategies for structuring a direct loan portfolio and how to fit it into your overall investment strategy. Private Debt, Second Edition demonstrates how to grow the size of your 401k and generate income you can live on using methods and strategies tested over multiple market cycles and proven to earn yields of between 7% and 11%. The book covers niche and specialty categories of private debt, including pharmaceutical, entertainment, and sports royalties. An indispensable blueprint for serious investors looking for opportunities to earn higher returns than those offered by traditional index funds while still retaining reasonable safety of principle and liquidity, Private Debt, Second Edition will become the go-to guide for anyone seeking proven and tested debt investment strategies.