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.
Henriquez’s wife was also allegedly involved in the scandal and pleaded guilty. Both are set to be sentenced early next year.
The firm has raised $2.2bn to back businesses that have grown beyond the purview of venture lending.
The Massachusetts pension fund is making an unstated commitment to a diversified property-type fund and a $60m private debt commitment to a European direct lending, niche lending or distressed debt fund.
The vehicle, which is expected to be on the road slightly more than six months, offers a tiered fee structure allowing LPs that commit by year end to get the lowest charges.
Howard Marks Oaktree video
Complacency may have crept into the private debt market. An inevitable change in circumstances will put firms to the test, says Oaktree co-chairman Howard Marks in this video.
The US pension plan discussed five-year scenarios that include annual commitments of $400m, $550m and $700m.
As US federal leveraged lending guidance statutes have become a thing of the past, banks are showing a willingness to compete with direct lenders.
The alternative asset behemoth is well positioned for a downturn as it monitors portfolio liquidity and credit lines, the firm’s co-president said.
Volatility has made unitranche an appealing option in a market where some syndicated deals are requiring an increase in pricing to get across the finish line.
The alternative lender backs both sponsored and non-sponsored businesses with its flagship fund series.
pdi
pdi

Copyright PEI Media

Not for publication, email or dissemination