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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.

PODCAST: What’s in your fund fee documents?

Private credit might be the new kid on the block in the alternative asset world, but the asset class’s fees have still evolved independently of private equity.

TPG, Glendale Energy ink $500m JV for buying upstream assets

The partnership will allow TPG Sixth Street Partners to expand its energy strategy beyond providing loans to oil and gas companies.

PDI CFOs 2019: 4 takeaways for GPs about LPs

Our second annual PDI CFOs & COOs Forum highlighted high-net-worth individuals getting into the game, side letters and transparency, and more.

FS KKR plans to merge non-listed BDCs and publicly list the vehicle

The combination of four private business development companies, on a pro forma basis, will be larger than its publicly traded counterpart, FS KKR Capital Corporation.

LISTEN: 3 takeaways from the June magazine’s ‘EBITDA on steroids’ cover story

The level of EBTIDA addbacks is correlated to company size: the bigger the company, the more generous the adjustments. But lenders to smaller companies are still compromising on things they never thought they'd have to agree to only a couple years ago.

By the numbers: LBC’s returns are strong among peers, but falling short of targets

The US mid-market lender is seeking $1bn for its fifth flagship fund, which is targeting a net IRR of 11-13%.

US BDCs to take advantage of revised regulations on leverage

The country's 10 largest public business development companies have taken different approaches to accessing debt.

US BDCs to take advantage of revised regulations on leverage

The country's 10 largest public business development companies have taken different approaches to accessing debt.

HPS seeks $600m for distressed mid-market loans – exclusive

The firm, which sees managers making decisions they will later regret, will invest in privately negotiated transactions on already-originated loans.

Private debt’s Darwinism: Canadian investors show a path for managers to evolve

Managers should differentiate themselves by being flexible investment partners to their investors, as a Canadian bank’s research demonstrated this week.
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