The curve that shows the returns generated by a private equity fund over a period of time (usually from the date of inception to termination).
Adjective to describe a security characterized by a relatively lower priority for repayment in case of liquidation.
A loan that has a lower priority than a senior loan in case of a liquidation of the asset or borrowing company.
Bonds issued by companies of poor quality which combine high yield and high risk.
|Just in Time drawdown
Agreement according to which the funds promised by the investors are paid only as they are needed.