Sustainable Investing
What is Sustainable Investing? Sustainable investing is the practice of making capital allocation decisions based on socially responsible and ethical strategies to ensure that portfolio companies maintain a high standard of sustainability principles. Investing through ESG (Environmental, Social, and Governance) principles constitute part of sustainable investing and have become increasingly popular over the years. Investors...
MSCI All Country World Index (ACWI)
What is the MSCI All Country World Index (ACWI)? The MSCI All Country World Index (ACWI) is a global equity index that measures the equity performance in both the developed and emerging markets. By the end of 2019, it covers more than 3,000 stocks globally. It is a market capitalization-weighted index developed by MSCI Inc.,...
Discount for Lack of Marketability (DLOM)
What is the Discount for Lack of Marketability (DLOM)? The discount for lack of marketability (DLOM) is applied to private companies when valuing them. It relates to the company not being publicly traded on a financial exchange. Publicly-traded companies are perceived to have a “market” since the shares can be bought or sold in a...
Distressed Securities
What are Distressed Securities? Distressed securities are securities of a company experiencing financial distress or bankruptcy, specifically, a company that sees its bond rating downgraded by rating agencies to a CCC bond rating or below. Distressed securities sell at a large discount to their intrinsic value due to the significant risk involved in holding them....
Delayed Draw Term Loan (DDTL)
What is a Delayed Draw Term Loan (DDTL)? A delayed draw term loan (DDTL) is a negotiated term loan option where borrowers are able to request additional funds after the draw period of the loan’s already closed. Draw term loans are structured with a maximum loan amount that can be accessed throughout a certain time...
