Yields And Risks Of Direct-Lending Funds

From the Wall Street Journal

Frustrated with low-yielding bonds, some investors are pooling their money to make loans directly to companies.

Their vehicle? So-called direct-lending funds, which make loans to midsize companies, typically those with revenue between $10 million and $1 billion.

Read more (access available via Google News)

One of the red flags with this type of investment that was mentioned in the article is the "lack of liquidity and transparency".