Andrew Hedlund
Investors remain devoted to direct lending, though at least one said it may be time to explore special situations, delegates heard at PDI’s inaugural forum in Seoul.
It is Varde’s second deal of the year, while it is Fortress’s second-ever commercial real estate collateralised loan obligation.
Life would never be the same, and lenders were among those trying to make sense of it all. Andrew Hedlund reflects on several key ways in which the private debt asset class was moulded by a crisis.
Barings’ latest investment vehicle made $87m in mid-market commitments in the third quarter and $72m from quarter-end through early November.
FS Investment Corporation (FSIC) and Corporate Capital Trust (CCT) have set aside plans to merge their publicly-traded business development companies with their four non-traded BDCs. The firms announced the development on their respective third-quarter earnings calls, with both management teams citing stock prices as a driving factor in the decision. Both firms are trading at […]
The survey takes a deep dive into the profile of private debt investors, the fees they pay and the way GPs finance their funds.
The firm has done deals with healthcare therapeutics companies, as well as medical device and diagnostic businesses.
A hard Brexit and its effects on trade give US LPs one more headache to worry about as their own country picks a trade fight with China. By Andrew Hedlund
The firm has said it will continue to up its leverage levels if it sees ‘attractive’ first lien loans.
The firm’s direct lending strategy also holds the keys to the vast majority of its shadow assets under management, or those that have yet to begin earning management fees.