Investing Across the Capital Structure

Hey guys:

I am looking for in-depth example of investing across the capital structure regarding credit instruments. For example, conducting a relative value analysis of Senior Debt, Junior debt, unsubordinated debt, Preferred and Equity of the same company. The more complicated, the better (in this case).

I am writing a piece that explains the concept (which i understand) but haven’t done it in a professional setting - looking to understand the details.


Law firms that specialize in high capital intensive industries might have white papers on it. I’d be interested in reading whatever you can get your hands on.

Haven’t read these cover to cover, but check out some of the links below,

Some firms that come to mind: OakTree, Canyon, Elliott, Apollo, GoldenTree, etc…