Andrew Hedlund
The investment banks – one still arguably the pinnacle of Wall Street and the other a casualty of, among other factors, run-ins with federal regulators – produced some of the biggest names in alternative lending.
Managers now have useful data to avoid replicating past mistakes. But some lessons may not have been learned.
The New York-based alternative lender won approval from its shareholders in March to tap additional borrowing capacity under new US federal statutes.
PDI looks at a few of the recent personnel moves from around the private credit industry.
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.
The firm gained North American exposure with the acquisition of Northport Capital.
The private credit arm of Bank of New York Mellon has arranged financing to acquire the debt of up to 8,000 companies.
The firm joins Houlihan Lokey among the investment banks to wade into the booming leveraged finance markets.
Not all first lien loans are created equal, and some investors may be surprised to find they can contain junior debt risk.
Our inaugural CFO/COO event recognised the way operational issues have come to the fore in the asset class. Andrew Hedlund took notes