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Andy Thomson

Andy Thomson
Andy Thomson is a Senior Editor at PEI with responsibility for Private Debt Investor, the leading title focused on the world's private debt markets. Andy works closely with team members in London, New York and Hong Kong. He has been with PEI for many years, having worked previously on Private Equity International and Infrastructure Investor.

How the UK can still exert influence in Europe

The European Parliament has approved changes to the pre-marketing of alternatives funds that should make the process easier across the continent.

Latest HIG fund closes on $1.5bn amid signs of strife in Europe

With Cheyne’s €1bn close earlier in the week, an HIG Bayside vehicle is another to target ‘challenging’ conditions for smaller businesses in the region.

Cheyne scales back fund to close on €1bn

The firm’s European Strategic Value Credit Fund, targeting stressed mid-market debt, was 40% oversubscribed.

Trade body urges investors to quiz issuers on covenants

The European Leveraged Finance Alliance has sent would-be investors in high yield bonds a questionnaire to encourage issuers to open up on key deal terms.

PODCAST: The future of private debt in Germany

Listen to the recording of our live podcast from the PDI Germany Forum in Munich covering key issues such as competition, supply and demand and LP allocation priorities.

Regulators and the asset class need to talk more

The spotlight is intensifying as private debt’s role in the stability of the financial system is questioned – and misunderstandings needs to be addressed.

VIDEO: The direct lending mid-market is ‘priced to death’

Daniel Zwirn, a former hedge fund luminary and now head of investment firm Arena Investors, is one of the authors of a white paper predicting trouble ahead for, among other things, mid-market loans and leveraged loans. In this video, he explains his concerns.

EBITDA on steroids

The EBITDA addback is one of the most worrying aspects of loan documentation. Market professionals detail how prevalent and potentially damaging it has become.

Brexit has not destroyed prospects for private debt funds targeting the UK

Political uncertainty has failed to put a dent in Europe's largest private debt market, but this could change the longer Brexit goes unresolved.

‘There’s an assumption people deserve to be paid a huge amount of money’

What does alignment of interest really mean and does the key to it lie in the economics? We asked four limited partners in Europe what they think about crucial aspects of private debt fee charging
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