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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.

Oaktree markets fifth mezzanine fund

The credit manager collected $852m for its predecessor vehicle, which began investing in 2014.

Cerberus’s initial NPL fundraise collects $5.1bn

A November report from the European Commission estimated total NPL volume in the EU to be €820bn.

Massive fundraising numbers lift Blackstone above $500bn AUM mark

With these results, Blackstone is more than halfway to its goal of managing $1trn by 2026.

The regulation blocking a windfall

Canada’s Northleaf is raising an evergreen senior debt vehicle that has attracted the country’s mutual funds, providing a glimpse of what life for US managers could look like if a key rule were rolled back.

Adams Street looks to add BDC to credit product suite

The private equity firm launched its private debt arm in 2016 and has so far raised over $500 million for its closed-end fund.

Alcentra BDC puts itself on the block

The New York-based US direct lending arm of Alcentra has hired Houlihan Lokey to lead a review process to evaluate strategic alternatives for the business development company.

Tikehau adds Nomura vet, Citigroup fundraiser to senior ranks

Paris-based Tikehau has set targets to substantially boost its assets under management and the operating profits of its asset management arm by 2022.

Strong returns and niche offerings keep private debt on the radar

While leveraged loans and the upper mid-market possess worrying features, there remain compelling opportunities off the beaten path, finds Andrew Hedlund.

First close on Searchlight distressed fund likely to exceed $1.94bn predecessor – exclusive

The firm is targeting a 20-30% internal rate of return and 2x-3x multiple on capital, according to Pennsylvania pension fund documents.

Strong returns and niche offerings keep private debt on the radar

While leveraged loans and the upper mid-market possess worrying features, there remain compelling opportunities off the beaten path, finds Andrew Hedlund

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