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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.

AlpInvest ex-fund of firms head launches GP-interest shop

Sean Gallary, who left The Carlyle Group unit last year, has launched Stonyrock Partners with a former BAAM managing director.

3 takeaways on the private debt secondaries market

Houlihan Lokey’s Jeff Hammer says that while there is a broad base of potential actors, that loans are repaid over a given period or refinanced likely constrains the size of the market.

Why Korea is fertile ground for those seeking new LPs

Ardian has become the latest private markets firm to open an office in a country whose institutional investors are hungry for private markets.

Alt asset managers find buyers ready to snatch up minority stakes

More private fund managers that oversee closed-end funds are selling portions of their firm to finance product growth, succession or larger GP commitments.

Landmark increases investment in Clearlake

Landmark had used a preferred equity structure to finance a deal last year involving Reservoir Capital Partners.

CPPIB names Feeney global head of PE

Shane Feeney will be responsible for the Canadian pension’s $51bn private equity portfolio overseeing direct private equity investments, funds, secondaries and co-investments.

Crestline seeks $500m for late-stage PE fund financing

The fund can issue debt or preferred equity and buy fund stakes on the secondaries market, documents from a US pension show.

Secondaries boost SBCERA PE performance

The $8.7bn southern Californian pension has sizeable commitments with SL Capital Partners, Partners Group and Industry Ventures.

CalPERS to examine leverage policies

The plans may include designing a metric to determine the US's largest public pension’s exposure on a total fund level.
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