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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.
Returns are coming under pressure in the direct lending market, but the lack of other options means it will remain popular for the foreseeable future. Andrew Hedlund reports
More covenant headroom, slimmer credit spreads and a mountain of capital: that’s how many industry practitioners are assessing current market conditions – not just for the upper mid-market or the broadly syndicated market, but all segments of alternative credit. But direct lending is still king among private debt strategies. Investors continue to embrace the strategy, […]
The alternative lender also invests in non-sponsored companies from a separate fund that closed on a similar amount two years ago.
The purchase of the Asian lender jump-starts Ares Management’s operations in the region, where many of its peers already have devoted resources.
The purchase comes as other US-based managers have launched Asia-focused funds, including those that have been in the region for some time.
The firm will focus additional strategies it will roll out on other real assets, similar to its railcar and aviation leasing products.
The New York-based firm, part of Nuveen, will now invest throughout the capital structure after previously being a senior debt-only shop.
A good investor is like a good gambler, the financial luminary argues. They focus on process rather than product.
The California pension plan has made mezzanine and distressed debt commitments in the past but not direct lending.
The move expands Aflac’s direct lending exposure significantly, as the insurer’s investment is larger than the entire current mid-market loan portfolio.

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