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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.

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.
Daniel Zwirn

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

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.
Man large shadow spotlight

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.

‘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

What you should know about leveraged loans

It’s a market that’s attracting a lot of attention, for better or – mostly – worse. We attended an S&P event to hear about the latest trends.

Managers ‘should not have a free lottery ticket’

Four investors exchanged frank views about various aspects of private debt fees at a recent roundtable, with hurdle rates a lively discussion point.
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