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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.

New Energy lifts fundraising cap to $500m for second credit fund

The infrastructure shop is raising another pool of capital to fund energy efficient infrastructure after its debut vehicle closed above target.

Refinitiv’s Fran Beyers: ‘Lenders do not have great visibility’ as 2019 approaches

While 2018 was a solid year for private debt managers, the year is ending on a rockier note than it started, leaving question marks in 2019 for credit shops surrounding their portfolios.

3 takeaways on the private debt secondaries market

Houlihan Lokey’s Jeff Hammer says that while there is a broad base of potential actors, that loans are repaid over a given period or refinanced likely constrains the size of the market.

Contra Costa County looks to commit up to $200m to distressed debt, buyouts

The firm’s private equity portfolio has a 5-15% sub-allocation to special situations.

Atalaya launches first equipment leasing fund

The New York-based firm also invests in the strategy through its $900m Atalaya Asset Income Fund IV.

What exit? GPs investing in other GPs are in it for the long haul

Private equity firms taking non-control stakes in other such firms is booming, but the off-ramps for such deals remain mostly theoretical.

SBCERA puts aside $270m for existing multi-strat accounts, $230m for new commitments

The pension fund has awarded several GPs master custody accounts that follow credit strategies.

BC Partners to take over KCAP management contract

The buyer will contribute its incentive fees until the net investment income hits $0.40 per share.

GSO co-founder Smith set to launch new firm in 2019

No fundraising target for a debut fund has been set yet, but it will be in the billions of dollars.

Goldman Sachs holds $1bn first close on latest senior debt vehicle

The firm has also held large closes on junior debt and real estate debt funds, leading it to finish at the top of our annual fundraising ranking for the first time.

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