Insight

We believe that investing in Direct Lending and Alternative Income will be as important as equities as a means by which families save for their retirement. As individuals and families consider reallocating capital it is important to become educated and informed of the asset class and its components.

Below we have gathered together some of the most academic literature on this emerging asset class and its sub-categories.

 

1 Income means adjusted gross income, as reported for federal income tax purposes, increased by the following amounts: (i) the amount of any tax exempt interest income received; (ii) the amount of losses claimed as a limited partner in a limited partnership; (iii) any deduction claimed for depletion; (iv) amounts contributed to an IRA or Keogh retirement plan; (v) alimony paid; and (vi) any amount by which income from long-term capital gains has been reduced in arriving at adjusted gross income pursuant to the provisions of Section 1202 of the Internal Revenue Code.

2 Net Worth is the amount by which your total assets at fair market value exceed your total liabilities, with the following adjustments:

(i) the estimated fair market value of your primary residence is excluded from your total assets; (ii) the amount of any indebtedness secured by your primary residence up to the fair market value of such residence is not treated as a liability; (iii) the amount of any indebtedness secured by your primary residence that exceeds the fair market value of your primary residence is treated as a liability; and (iv) the amount of any debt secured by your primary residence incurred during the 60 days immediately preceding your purchase of any securities of the Company is treated as a liability (even if the estimated fair market value of your primary residence exceeds the aggregate amount of indebtedness secured by such primary residence), unless such debt resulted from the purchase of your primary residence during such 60 day period.

Insight

We believe that investing in Direct Lending and Alternative Income will be as important as equities as a means by which families save for their retirement. As individuals and families consider reallocating capital it is important to become educated and informed of the asset class and its components.

Below we have gathered together some of the most academic literature on this emerging asset class and its sub-categories.

 

Direct Lending / Alternative Credit – A new Asset Class

Direct Lending evolves into an Asset Class
Deborah Kidd, CFA Institute
The Opportunity in ‘Alternative’ Fixed Income
Blackstone
What is Private Market Debt
Blackrock
Alternative Credit – Credit for the Modern Investor
Towers Watson
Hedge Fund Primer
Josh Matthews

The Consumer Loans & Peer to Peer (P2P) Market

Lending to Small & Medium Sized Enterprises

New Approaches to SME and Entrepreneurship Financing: Broadening the Range of Instruments
OECD
SME Lending & Competition
UK Department for Business Innovation & Skills
State of SME Finance in the United States in 2015
TradeUp & Nexttrade Group LLC

Lending against Life Insurance

Financial Toxicity of Cancer
Diane Mapes
The burden of Cancer isn’t just Cancer
Carolyn Johnson
Oncologists worry about the rising costs of Cancer Treatment
Lacie Glover

Trade Finance

2015 ICC Trade Finance Report
ICC
The Impact of Basel III on Commodity Trade Finance
Giles Thieffry