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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.
The Los Angeles-based credit manager has bolstered its CLO franchise through the purchase of a managing interest in Crestline Denali Capital.
Fewer covenants can provide greater flexibility in dealing with portfolio company difficulties, but they may also prevent lenders from negotiating rescue plans with borrowers and sponsors. Andy Thomson and Andrew Hedlund investigate
The restricted payments covenant has changed unrecognisably as borrowers seek more room for manoeuvre in a downturn.
The platform, which includes a commingled fund and separately managed accounts, beats a €2.5bn target and is €1bn larger than the predecessor fund.
Trevor Castledine, a pioneering investor who made his name at Lancashire County Pension Fund, featured in our November 2018 list of individuals who have transformed private debt.
Although private debt capital raising continued to decline last year, investors are far from abandoning the asset class.
private debt fundraising Q4 2019 thumbnail
Distressed debt became the most popular strategy as overall capital collection for the asset class fell to the lowest level for five years.
Time is fast running out, with a midnight PST deadline tomorrow before voting in our annual awards is brought to a close.
Unable to force deal sponsors to the table in times of stress, lenders find themselves effectively handcuffed. No wonder the covenant-lite loan remains one of the asset class’s big talking points.
The New York-based asset manager has raised the capital through a fund and separately managed accounts.

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