9fin

‘Family and health come first’ is one of our values — and to make sure we’re offering the best to our employees, we’ve upgraded our offering to parents, with a generous increase to our paid leave package and a suite of holistic benefits. We know how important those first few months are as a new parent, so we have increased our paid leave from 18 weeks to 22 weeks for birthing parents, and from 4 weeks to 12 weeks for non-birthing parents. 💙 But our support doesn’t stop there. We are also launching 9fam, our parental support offering for parents (new and old!) which includes 1-1 coaching to returning parents, dedicated re-onboarding programmes and more. When we say family and health come first, we really mean it, but don’t just take our word for it — check out what some of our 9finner parents have to say.

Wondering which CLO managers are leading the way in Q2 2024? 👑 Check out the rankings by AUM below! Blackstone and The Carlyle Group remain the largest CLO managers globally, with only a razor-thin margin of $237.8m between them. UBS, PGIM, and Golub Capital also secure spots in the top five. For detailed analysis, head to 9fin insights 👉 https://lnkd.in/gy9TqPbb

Join the conversation and stay ahead with our 9Questions series. Because when it comes to credit markets, knowledge is 'interest'-ing! 💡 Our latest guest is Pietro Braicovich, Executive Vice Chairman Italy at DC Advisory. With 30 years in investment banking at firms like Houlihan Lokey, Morgan Stanley, and Credit Suisse, Pietro brings a wealth of experience. 🚀 9fin’s Alessandro Albano sat down with Pietro to discuss the state of the broadly syndicated loan market, the recovery of buyout activity, and the role of private credit. 📈 Read the conversation — https://lnkd.in/eC9K8yPP

The accounting profession has faced significant challenges with audits in the past, notably with Worldcom and Enron in the early 2000s. With the private equity taking ownership of auditing firms, is there a risk a similar issue will arise again? Listen to our conversation with Dr Steven Mintz about how the entrance of PE into the audit business is sparking concerns both new and familiar. Links in the comments.

After a steep drop at the start of the year, private credit dealmaking turned a corner in Q2 2024. Competition with BSL has persisted, but also provided opportunities for hybrid-style deals. Fundraising is proving that size matters and overall the market is maturing. Get a quick summary of all the action in H1 2024 below. 👇 Download the full report for an in-depth analysis of H1 2024 and the latest rankings. 👀 Get your free copy: https://lnkd.in/ev-Fj2Pg #privatecredit #leveragedfinance #finance #analysis

9fin's US legal team has been hard at work analyzing high yield bonds from H1 2024, with a keen eye on debt incurrence and leakage through restricted payments and investments. 👀 📌 Key Points: - Excludes investment grade and "high yield lite" bonds - Data is drawn from preliminary OM’s, not final OM’s Dive into the details and discover the trends steering the market. 🏊♀️ Head to 9fin insights to download today — https://lnkd.in/e2DU_2Wi

SCHOOL IS OUT … … Which means a lot of parents having to juggle work alongside entertaining their kids full-time 🤹 To quote the wise words of one of our 9fin parents who has been there and done that: “It’s tough! Make sure you’re up-front with your manager, do your best, and realise that it’s going to be tough for a while.” Sounds chaotic — but our 9fin parents also have some great plans over the summer. Here are a few of our favourites: 🎨 “First stop is the craft shop to stock up on supplies. Need to make sure the kids have plenty of materials for their arts and crafts projects—so they don’t turn my walls into their personal canvases!” 🎭 “We're planning a trip to The Globe (London) for the Macbeth Family Workshop, and we’ll hopefully visit Loxwood for their annual Joust Festival too. We've been to the theatre plenty, but not to The Globe before.” ⛺ “We're lucky enough to be able to live close to the Lake District (Cumbria, UK) thanks to 9fin’s remote working policy. This means we'll be making quite a few trips up there in the campervan — weather dependent of course!” Good luck to all the parents out there — you got this.

Big news for Sumitomo Mitsui Banking Corporation – SMBC Group! 🚀 Earlier this morning, the company launched its inaugural private credit fund with €450m of capital to fuel mid-market, sponsor-backed European businesses. “The fund is an important step in the development of our private credit business in Europe,” says Dan Matthews, head of EMEA leveraged finance at SMBC Group. Catch today’s 9Questions as Fin Strathern chats with Dan about the new fund, SMBC's European operations, and his passion for cycling 🚴♂️ Read the conversation here — https://lnkd.in/eqztqn8Q

For the vendors and firms owed money by a bankrupt company, the primary motivation to join an Unsecured Creditors’ Committee is often simple: maximize economic recoveries. But Doctor Dennis Deruelle, MD, FHM had other priorities. Listen as Dennis recounts the struggles faced by hospital staff and patients from his viewpoint as the Executive Medical Director for Hospital Medicine and Critical Care during the rapid shuttering of American Physician Partners. 🏥 In this interview with Rachel Butt, Dennis shares the concerns he had during the process, why he joined the UCC as part of the company’s bankruptcy proceedings, and more. Links to the episode in the comments 👇 #distresseddebt #podcast #capitalmarkets

There’s been a lot of talk lately about the so-called golden era of private credit coming to an end, but the flipside of that may be that the market is maturing. After a steep drop at the start of the year, European dealmaking turned a corner in the second quarter of 2024. 🪄 Devin McGinley delves into the key figures and trends from the first half of the year. Here are some highlights: 💵 Deals are back: The total number of private credit transactions rose 22%, from 139 in the first quarter to 170 in the second, bringing the total deal count for H1 2024 to 309. ⚖️ Risk vs. rewards: Direct lenders are taking on less risk for high pricing in Q2 2024 (signalling a shift into smaller credit versus Q1). Average leverage has fallen for two consecutive quarters, down to 3.9x in Q2. 🔦 Competition: There continues to be a battle between the broadly syndicated loan market and direct lenders. The syndicated loan market remains a headwind for direct lenders with a 71% increase in loan volume over the last six months. Uncover insights on private credit. Read now: https://lnkd.in/ev-Fj2Pg #privatecredit #debtcapitalmarkets #analysis