{ "item_title" : "The Private Credit Investor", "item_author" : [" Julian R. Sterling "], "item_description" : "Private credit has grown into one of the largest and fastest-hiring corners of private markets, yet the practical mechanics of direct lending, from how a deal is underwritten to how a covenant breach is actually handled, are rarely taught in a structured way. Most professionals piece the job together from templates, side conversations, and hard lessons learned mid-deal. This book lays out that knowledge in one place.The Private Credit Investor is a practitioner's guide to how direct lending funds source, underwrite, structure, and manage credit investments across the middle market and beyond. It covers: Deal sourcing and sponsor relationshipsCredit analysis and cash flow underwritingLeverage and coverage ratio benchmarksUnitranche, first lien, second lien, and mezzanine structuresDocumentation, covenant packages, and pricing relative to riskPortfolio management: covenant monitoring, amendments and waivers, watchlist and workout situations, and investment committee reportingThroughout, the book emphasizes judgment as much as mechanics: how experienced underwriters weigh qualitative sponsor and management quality against quantitative leverage metrics, and how portfolio managers decide when a soft covenant breach is a warning sign versus a false alarm. Readers get frameworks for credit memos, checklists for underwriting workstreams, and a clear explanation of how private credit funds are structured and how returns are generated for investors.Who this book is forCredit analysts and associates at direct lending funds and business development companiesProfessionals moving from leveraged finance, commercial banking, or restructuring into private creditPortfolio managers seeking a structured underwriting and monitoring referenceLimited partners and allocators who want visibility into day-to-day fund operationsIf you want to understand private credit as it is practiced, not as it is summarized in a marketing deck, this guide gives you the underwriting logic, structuring vocabulary, and portfolio discipline the role demands.", "item_img_path" : "https://covers3.booksamillion.com/covers/bam/9/79/818/753/9798187534050_b.jpg", "price_data" : { "retail_price" : "24.99", "online_price" : "24.99", "our_price" : "24.99", "club_price" : "24.99", "savings_pct" : "0", "savings_amt" : "0.00", "club_savings_pct" : "0", "club_savings_amt" : "0.00", "discount_pct" : "10", "store_price" : "" } }

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