Reference
Definitions, deal mechanics, risk concepts, and structural frameworks across alternative assets.
Built for allocators, analysts, and risk professionals who need precision—not primers.
Primary Reference Domains
Structured Credit
CLOs, ABS, CMBS, RMBS. Waterfalls, triggers, tranche mechanics. Liquidity vs credit risk.
Private Credit
Direct lending, unitranche, NAV facilities, covenant structures.
AI Infrastructure & Compute
GPU rental economics, data center capacity markets, decentralized compute networks, infrastructure financing.
Music Royalties & IP Rights
Streaming economics, PRO distribution, sync licensing, catalog valuation and securitization.
Interval Funds
Tender mechanics, liquidity windows, NAV pricing, redemption gates and fee structures.
Real Assets & Fractional Structures
SPVs, trusts, series LLCs. Title, custody, and bankruptcy remoteness.
Risk & Portfolio Concepts
Liquidity risk, duration & convexity, correlation shocks, forced selling dynamics.
Regulatory & Accounting
SLR, risk-based capital, rating methodologies, tax treatment (K-1 vs 1099).
Glossary & Definitions
Canonical definitions used across structured credit, private markets, and alternative assets.
Browse complete glossary →Core Mechanics
Operational mechanisms, triggers, and constraints that govern structured products.
Cash Flow Management
Portfolio Management
Structural Triggers
Risk Frameworks
Decision support for understanding failure modes and stress behavior.
Liquidity Risk vs Credit Risk
How illiquidity differs from credit deterioration and why markets confuse them.
Structural vs Market Risk
Separating deal-level mechanics from market-wide stress.
Funding Horizon Mismatch
When short-term funding meets long-term assets.
Forced Seller Dynamics
How regulatory, accounting, and redemption pressures create fire sales.
Dealer Balance Sheet Constraints
Why dealers pull back and how it amplifies stress.
Seen in Practice
Real market events where these structures were stress-tested.
How professionals use this reference
This reference library is designed for:
- • Verifying mechanics
- • Refreshing edge cases
- • Cross-checking assumptions
- • Understanding failure modes
It is not investment advice or introductory education.