TY - JOUR T1 - Private Lending as a Source of Fixed-Income Yields JF - The Journal of Wealth Management SP - 33 LP - 44 DO - 10.3905/jwm.2017.20.3.033 VL - 20 IS - 3 AU - Daniel Ziggel AU - Christian Armbruester AU - Josua Gösmann AU - Tom Tardif Y1 - 2017/10/31 UR - https://pm-research.com/content/20/3/33.abstract N2 - This study proposes an alternative solution for generating consistent yields in a world of low interest rates. The authors describe their experiences as they navigated the various available investment strategies in search of low-risk returns previously provided by banks and the public fixed-income markets. Having identified the private lending market as a source of consistent income, the authors explore different types of inherent investment strategies. They explain how they screen and choose strategies for potential inclusion in their investable universe by laying out their due diligence process. Finally, they outline their portfolio construction and optimization methodology and present the results from their investment into the strategy.TOPICS: Fixed income and structured finance, real assets/alternative investments/private equity, portfolio construction, risk management ER -