Structured Notes: The 'Best of Both Worlds' Pitch Accredited Investors Should Interrogate
TL;DR: U.S. structured note issuance hit a record $226 billion in 2025, up 14.1% year over year, per SPI Intelligence's USA Market Report. According to the SEC's own investor bulletin on structured...
Structured Settlement Factoring as an Alternative Fixed-Income Asset Class
J.G. Wentworth's securitization vehicle bought structured settlement payment streams from injury victims and lottery winners at an average 10.92% discount rate, then repackaged those same cash flows i
CLO Investing for Accredited Investors: What the Senior Tranche Actually Pays
TL;DR The US CLO market hit $135 billion in new issuance in 2025 , up 18% year-over-year. Institutional capital is voting with real dollars. AAA CLO tranches now price at SOFR+120 , delivering
Percent Review 2026: 10-14% Yields on Private Credit Notes — What You're Actually Buying
TL;DR Percent.com targets 10-15% annualized yields on private credit notes. The weighted average across funded deals has come in around 14.43%, with gross returns after losses reported at
Direct Lending vs Broadly Syndicated Loans: A Private Credit Investor's Guide
TL;DR: Two corporate debt markets, each sitting at roughly $1.55 trillion in outstanding balances, now compete for the same PE-backed borrowers. Direct lending pays 9.8-10.3% with maintenance covenant
Mezzanine Financing: The Hybrid Debt Between Senior Loans and Equity
TL;DR: Mezzanine debt is a subordinated instrument sitting below senior loans and above common equity in the capital stack. It targets 12–20% total returns by combining a cash coupon of 8–12%, PIK...