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You are here: Home / Archives for bank loans

509: How to Invest in Private Credit / Direct Lending?

January 29, 2025 by Camden Stein · Updated February 8, 2025

We explore what private credit, or direct lending, is and how to invest in it. We also show how it is similar to and different from investing in leverage loans and CLOs. Topics covered include: Why more companies are staying private How private credit differs from the leverage loan market Why private credit is growing so rapidly What are the benefits to private credit investing What are liquid and less liquid ways to invest in private credit Show Notes The … [Read more...]

Filed Under: Podcast Tagged With: bank loans, CLOs, direct lending, leveraged loans, private credit

487 Plus: Bank Loans, CLOs, and Pershing Square’s New Closed-end Fund

July 27, 2024 by David Stein · Updated January 21, 2025

In Plus episode 487, we answer some members' questions on bank loans and collateralized loan obligations. We also analyze Pershing Square USA (PSUS), Bill Ackman's anticipated closed-end fund initial public offering. … [Read more...]

Filed Under: Uncategorized Tagged With: Ackman (Bill), bank loan funds, bank loans, CLOA, CLOI, CLOs, collateralized loan obligation, FFRHX, Pershing Square, PSUS

483 Plus: Private Credit, BDCs, CLOs, Cash Balances and Is This Portfolio Too Aggressive

June 22, 2024 by David Stein · Updated July 2, 2024

In Plus episode 483, we analyze the Virtus Private Credit ETF (VPC), which invests in business development companies (BDCs), leveraged loans, and collateralized loan obligations (CLOs). We review the characteristics of all those asset categories. We also discuss the appropriate cash balance for retirees and consider whether a retired member's portfolio has too much in stocks. … [Read more...]

Filed Under: Money Plus Tagged With: bank loan funds, bank loans, BDCs, business development companies, cash, cash balances, CLOs, collateralized loan obligation, leveraged loans, private credit, retirement investing

467 Plus: Fallen Angels, BBB Bonds, Swapping Out Leveraged Loans Funds, and How to Use the Investment Conditions Report

February 24, 2024 by David Stein · Updated February 29, 2024

In Plus episode 467, we explain the resources on Money for the Rest of Us Plus to learn about different asset classes. We explore investing in fallen angel bonds, which are bonds that have recently been downgraded to non-investment grade status. We also explore investing in BBB bonds. David explains his recent portfolio change to swap out his leveraged loan exposure. Finally, we review how to use the investment conditions and strategy report. … [Read more...]

Filed Under: Money Plus Tagged With: bank loans, BBB bonds, BDCs, fallen angels, investment conditions, leveraged loans, portfolio trades

423: A “Safe” 6% Yield: The Case for Investment Grade CLOs

March 8, 2023 by David Stein · Updated October 17, 2023

How leveraged loans and CLOs work and how to invest in them. What are the risks and opportunities with the new CLO ETFs. Topics covered include: What are the characteristics of leveraged loans and how David has invested in them in the past, both professionally and personally. Why LIBOR reference rate for leveraged loans is being phased out What is the current investing climate for leveraged loans How collateralized loan obligation work Why insurance companies are fighting … [Read more...]

Filed Under: Podcast Tagged With: bank loans, CLOs, collateralized loan obligation, leveraged loans

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