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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.

Oaktree seeks $1.75bn for latest control-oriented investment fund

The distressed debt behemoth’s previous vehicle reported a net IRR of 29.4% and 1.4x return multiple.

2 min read · 04 January 2018

Special Situations

Clearlake could close above $2.5bn target for Fund V

The special situations investment shop is expected to invest in fewer than 20 companies.

2 min read · 15 December 2017

Managers

Sterling nears target for debut debt fund

The private equity firm launched its credit arm in May with the addition of a BNP Paribas veteran.

2 min read · 30 November 2017

News & Analysis

Peak Rock steps further into credit

The firm’s second fund consists of separate debt and equity vehicles; its first had made debt and equity investments from a single pool of capital.

2 min read · 29 November 2017

News & Analysis

LBOs under the microscope

More than half of the 10 largest leveraged loans at risk of default are held by private equity-backed companies, according to data from Fitch Ratings.

4 min read · 21 November 2017

Investors

Texas TRS fleshes out top ranks after appointing new CIO

The $140bn pension fund promoted a handful of existing staff members.

2 min read · 06 September 2017

SMAs bulk up BC’s credit debut

The fundraising comes amid a flurry of private equity firms launching credit arms.

2 min read · 29 August 2017

Arizona, Texas pension funds hike alternatives exposures

The two pensions each increased their investment allocations for private equity.

2 min read · 29 August 2017

Goldman holds $730m first close on seventh mezz fund

The latest vehicle from the investment bank comes amid a slower mezzanine fundraising year.

2 min read · 25 August 2017

Sterling Group seeks up to $250m for debut credit fund

The US mid-market private equity firm launched its debt practice earlier this summer.

2 min read · 21 August 2017

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