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Andrew Hedlund

Andrew Hedlund
Andrew Hedlund is the Americas Editor at Private Debt Investor where he reports on the private debt market and coordinates coverage of the asset class. Before joining PDI, he reported on corporate bankruptcies for The Deal and Reorg Research, two financial trade publications.Andrew received a master's degree from Northwestern University’s Medill School of Journalism. He also earned bachelor of arts degrees in from Arizona State University.

Shorter deals, more delayed draws

Direct lenders and their LPs are flocking to US mid-market private equity, where deal timelines are becoming compressed. Andrew Hedlund reports.

Under pressure, but bearing up

Returns for direct lending are predicted to come down slightly over the next 10 years, but the asset class still looks attractive on a relative basis, writes Andrew Hedlund

Capital keeps flowing, despite the concerns

Investors have conflicting feelings about private equity and private debt, according to a new survey.

Don’t go with the flow

In a competitive environment, it is incumbent on credit managers to ensure they can find quality dealflow and not just take what they’re given.

Second lien lenders may recover less than 9% in energy Chapter 11 cases

Ascent Resources Marcellus Holdings and Fieldwood Energy sought court protection with less than a week and a half of each other.

Under pressure

A new report predicts returns for direct lending will come down slightly over the next 10 years, but the asset class is still looking attractive on a relative basis.

Silver Point locks down over $500m for distressed companies

The firm’s previous distressed vehicle had the capacity to do both debt and equity.

Perceptive looks for more capital to invest in healthcare companies

The firm has upped its target for Fund II after Fund I beat it fundraising goal.

Ares becomes first listed alternatives manager to convert to a C-corporation

The firm has also set a new dividend policy with the potential for special dividends when performance fee income is particularly elevated.

Ares BDC portfolio company scoops up mid-market loan book

In a separate announcement, Ares Capital Corporation also expanded its Senior Direct Lending Programme with Varagon Capital Partners, more than doubling the joint venture’s size.