Home Authors Posts by Andy Thomson

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.

If the cap fits, wear it: The addback fightback

The EBITDA addback has become one of the most controversial aspects of deal documentation. Research shows lenders are resisting the most extreme examples.

Why avoiding risk is a risky business

Investors seeking refuge from the wild swings of the stock market may find that diversification brings unexpected challenges.

The universe keeps expanding

Private debt funds’ share of buyout market financing has continued to climb, although they are likely to hit the ceiling eventually.

Debt funds pass banks in German LBO financing

In 2012, debt finance for the German leveraged buyout market was completely bank dominated. Seven years on, debt funds have attained a majority market share.

Who raised the largest funds in H1 2019?

The period was dominated by distressed funds, with Lone Star demonstrating its pulling power with two of the biggest vehicles.

The need to nurture permanent capital in Europe

Reasons for longer-term vehicles in private debt are growing, with one being the requirement to support businesses traditionally backed by banks.
Daniel Zwirn

Private credit’s role in the next financial crash

Arena Investors’ Daniel Zwirn believes direct lending, leveraged loans and CLOs could be partly responsible for the next financial crash, whenever it comes.
Daniel Zwirn Arena Investors

Private credit’s role in the next financial crash

Arena Investors’ Daniel Zwirn believes direct lending, leveraged loans and CLOs could be partly responsible for the next financial crash, whenever it comes.
Purse filled with euros

Certior advances fundraising to €100m

The Finnish fund of funds manager’s second vehicle is now larger than its first and has a final target of up to €300m.
Arrows

Distressed: Is it worth the wait?

Timing, fees and manager differentiation are among the key issues for limited partners prepared to take a punt on GPs that thrive on turmoil.
pdi
pdi

Copyright PEI Media

Not for publication, email or dissemination