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.
Private Fund Terms
Waterfalls, preferred return, catch-up, carry, clawback, fee step-downs, DPI and TVPI, the J-curve, key person clauses, side letters and access funds.
Secondary & Pre-IPO Markets
SPV wrappers, feeder funds, ROFR, PPMs, Form D filings, eligibility gates, and private-market liquidity risk.
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.
SEC Filings: Reg A & Private Offerings
SEC Filings: Funds & Broker-Dealers
SEC Filings: Public Companies & Resales
Cash Flow Management
Portfolio Management
Structural Triggers
Carbon Credit Standards
AI Compute Contracts
Alt Asset Deal Mechanics
Specialty Asset Mechanics
- Litigation Finance Waterfall
- Adverse Costs Insurance
- Non-Recourse Litigation Funding
- After the Event Insurance
- Film Slate Financing
- Minimum Guarantee
- Revenue Participation
- NIL Rights
- Athlete Advance
- Catastrophe Bond
- Life Settlement
- Working Interest
- Net Revenue Interest
- Overriding Royalty Interest
- Decline Curve
- Reserve Report
- Asset-Backed Collectibles Loan
- Median Repeat Sale Pair Appreciation
- Cask Regauging
- Freeport Storage
- HAGI Index
- Information Ratio
- Provenance Risk
- Search Fund Step-Up
- Revenue-Based Financing Cap
- Drug Royalty Interest
- Clinical Milestone Payment
- Phase II Probability of Success
- LP Stake Secondary
- GP-Led Secondary
- Continuation Fund
- Stapled Secondary
- Earnout
- Escrow Holdback
- Brand Licensing Rights
- Card Grading Risk
- Wine Storage Risk
- Classic Car Concours Grade
- Insurance Sidecar
- Collateralized Reinsurance
- Industry Loss Warranty
- Parametric Trigger
- Tokenized Treasury
- On-Chain NAV
- Qualified Custodian
- Transfer Agent
- Cap Table Reconciliation
- Forward Purchase Agreement
- Seller Note
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.
Farm Operator Credit Risk
Why farmland cash yield depends on tenant quality, lease terms, and operator resilience.
GPU Residual Value Risk
How chip cycles, resale depth, and redeployability affect AI compute collateral value.
Carbon Credit Reversal Risk
How wildfire, land-use change, storage failure, or project underperformance can unwind credited carbon benefits.
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.