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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.
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.
Two generally beats one – in goalscoring, number of ice cream scoops and weeks of holiday. One exception though is in the number of legal agreements to negotiate before completing a deal, writes Andrew Hedlund.
After New York-based MCC faced vociferous opposition to its original internal merger proposal, the firm reworked its offer and is moving ahead with an altered proposal.
The credit manager will make 10-12 investments from the vehicle, the firm said.

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