Home Authors Posts by Andrew Hedlund

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.

3 takeaways for GPs from the PDI New York Forum

LPs and bankers had some advice for GPs on competitive differentiators, workout processes and predictions of private debt performance.

A 5.5x EBITDA loan? Sure, you can call it senior secured

Unitranche has found favour post-GFC as a result of its simplicity. But investors should make sure not to ignore it goes much deeper in the capital structure than traditional first lien senior secured debt.

Blackstone’s Schwarzman on why he’s going big in European direct lending

The firm's founder took a position early on in its development that modest goals and bold ones required similar effort to achieve. So why not aim high?

Planned Alameda County emerging managers programme shuts out credit – updated

The reconfiguration defines an emerging manager as a GP on its first or second fund and has less than $5bn in AUM.

Permanent capital can increase access to private debt

In our September magazine’s Deep Dive, investment professionals stressed the benefits of permanent capital. One overlooked advantage is making the asset class more accessible.

KPS seeks $5bn for turnaround investments

The firm, which makes control-oriented investments in financially or operationally distressed companies, will focus mainly on the industrial sector.

PODCAST: Why co-investments are in the best interest of GPs and LPs

The strategy brings investors reduced fees and managers can write large cheques. Industry practitioners from The Carlyle Group, Cambridge Associates and Kennedy Lewis Investment Management say these are only a few of the upshots.
pile of rolled dollar note bundles

Thoma Bravo seeks $1bn for second credit fund following successful debut

Fund I, which hit its $750m target and invests primarily in Thoma Bravo private equity deals, was deployed faster than expected.

Golub Capital BDC shareholders sign off on merger

The combination with one of the firm's private BDCs, expected to close later in September, will create one of the largest publicly traded BDCs.

CapitalSpring seeking $750m for restaurant-industry investing

The alternative lender provides senior and mezzanine debt along with both control and non-control equity investments in restaurants.
pdi
pdi

Copyright PEI Media

Not for publication, email or dissemination