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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.

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.

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.

Make way for the evergreen revolution

Demand for private debt is growing from the likes of mutual funds and retail investors, which need an alternative to closed-end funds.

Agri lender takes root in leveraged loans

An unlikely force has emerged as a key driver of the leveraged loans market in the form of Norinchukin Bank. Views vary on the desirability of this.

Why the edges of asset allocation are becoming blurred

There has been a clear trend for limited partners to create specialised buckets for their private debt allocations. So what lies behind PensionDanmark’s reverse manoeuvre?

DOWNLOAD: Fundraising power in the hands of a few

Fewer funds are closing but more capital is being raised per fund. View our fully interactive presentation for all the key data on private debt fundraising in Q1 2019.

‘It’s strange – business goes on as normal’

Speculation is rife about the ending of the cycle and what political developments may be coming round the corner. Alex Schmid of ESO Capital is staying focused on doing deals others overlook
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