Private debt: direct lending, mezzanine, distressed — Flashcards

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Private debt: direct lending, mezzanine, distressed — Flashcards

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Read Study Notes Questions

In Alternative Investments (Private Capital), what is "venture debt"?

In Alternative Investments (Private Capital), what is a "trade sale" exit strategy?

In Alternative Investments (Private Capital), what is "unitranche debt"?

In Alternative Investments (Private Capital), what is a "recapitalization" exit strategy?

In Alternative Investments (Private Capital), what is the difference between a Management Buyout (MBO) and a Management Buy-in (MBI)?

In Alternative Investments (Private Capital), what are the three phases of the "formative stage" in venture capital investing?

In Alternative Investments (Private Capital), what is a Private Investment in Public Equity (PIPE)?

In Alternative Investments (Private Capital), what is a Leveraged Buyout (LBO) fund?

In Alternative Investments (Private Capital), what does "vintage year" refer to?

Private debt: direct lending, mezzanine, distressed CFA Flashcards - Medical Study Cards

Master Private debt: direct lending, mezzanine, distressed with Oncourse flashcards. These spaced repetition flashcards are designed for medical students preparing for NEET PG, USMLE Step 1, USMLE Step 2, MBBS exams, and other medical licensing examinations.

Private debt: direct lending, mezzanine, distressed Flashcard Deck - 9 Cards

Flashcard 1: In Alternative Investments (Private Capital), what is "venture debt"?

Answer: Private debt funding that provides VC backing to start-up or early-stage firms that are not yet profitable, often convertible to stock or combined with warrants.

Flashcard 2: In Alternative Investments (Private Capital), what is a "trade sale" exit strategy?

Answer: Selling a portion or all of a portfolio company to a strategic buyer or competitor via direct sale or auction.

Flashcard 3: In Alternative Investments (Private Capital), what is "unitranche debt"?

Answer: Private debt that combines different classes of debt (secured and unsecured) into a single loan with an interest rate that reflects the blend of debt classes.

Flashcard 4: In Alternative Investments (Private Capital), what is a "recapitalization" exit strategy?

Answer: The portfolio company issues debt to fund a dividend distribution to equity holders; the PE fund extracts money while still controlling the company.

Flashcard 5: In Alternative Investments (Private Capital), what is the difference between a Management Buyout (MBO) and a Management Buy-in (MBI)?

Answer: In an MBO, the existing management team participates in the purchase. In an MBI, the private equity manager replaces the current management with a new team.

Flashcard 6: In Alternative Investments (Private Capital), what are the three phases of the "formative stage" in venture capital investing?

Answer: 1\. Pre-seed (angel) capital. 2. Seed-stage financing. 3. Early-stage (start-up) financing.

Flashcard 7: In Alternative Investments (Private Capital), what is a Private Investment in Public Equity (PIPE)?

Answer: A minority equity investment where a private equity firm makes a private offering to buy stock in a publicly traded firm looking for capital to expand.

Flashcard 8: In Alternative Investments (Private Capital), what is a Leveraged Buyout (LBO) fund?

Answer: A private equity fund that acquires public or private companies with a large percentage of the purchase price financed by debt, intending to restructure the firm and use cash flows to service the debt.

Flashcard 9: In Alternative Investments (Private Capital), what does "vintage year" refer to?

Answer: The year a private capital fund makes its first investment.

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Private debt: direct lending, mezzanine, distressed Flashcards for CFA

Study 9 flashcards on Private debt: direct lending, mezzanine, distressed for CFA Alternative Investments (Level I). These active recall cards cover the key concepts, clinical associations, and high-yield facts from this chapter of Investments in Private Capital: Equity and Debt. Each card is designed to test your understanding rather than just recognition, building stronger and more durable memories for exam day.

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Are Private debt: direct lending, mezzanine, distressed flashcards free?

Yes, all flashcards on this page are completely free. You can study all 9 cards at no cost. For spaced repetition scheduling, download the Oncourse app.

How many flashcards does this chapter have?

There are 9 flashcards for Private debt: direct lending, mezzanine, distressed, covering the key concepts, clinical correlations, and high-yield facts from this chapter of Investments in Private Capital: Equity and Debt.

How should I use these flashcards for CFA?

Read through each prompt and try to answer before revealing the back of the card. This active recall approach builds stronger memories than passive reading. Combine flashcards with the study notes and MCQ practice for the best results.

Are there more flashcards for Investments in Private Capital: Equity and Debt?

Yes. This page covers one chapter of Investments in Private Capital: Equity and Debt. Visit the topic page to see all chapters and their flashcards under Alternative Investments (Level I).

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