9fin

Today we're sharing 9fin’s new values. When our co-founders Steven Hunter and Huss E. started 9fin in 2016, they wrote eleven values before the company had a name. Each one was a direct reaction to something they'd seen go wrong in their previous jobs in finance, and a promise to build 9fin differently. Nine years and 400 people later, those eleven have evolved into six. 👉 Swipe to see the final list, or head to this link to hear from Steven and Huss on what the new values mean, and why now was the right time to evolve them: https://lnkd.in/ee2PZsBM

Rooftop views and market views. 🥂☀️ We had a fantastic turnout for our start-of-summer leveraged finance networking drinks at Wagtail this Wednesday. It was a pleasure hosting so many buyside and sellside professionals to toast to the first half of the year. Beyond the great atmosphere, it was a valuable opportunity for our 9fin editorial and credit teams to chat through recent market moves, emerging trends, and what's on the radar for H2. Thank you to everyone who made it a memorable night. If we didn't get a chance to connect properly during the evening, please feel free to reach out directly!

Private credit is taking back ground from the BSL market. 114 private credit deals vs 112 BSL in Q1 26 — the first quarter since Q2 last year that private credit came out ahead. Deal count also hit a five-quarter high of 540, with median deal size climbing from $95m to $125m. The data, in full, is in 9fin's Q1 26 US Private Credit Data Review: https://lnkd.in/eZsexSXj

New technical blog post out from our Senior Backend Engineer, Taylor Mudd. At 9fin we work with highly sensitive data where permissioning rules change by client, deal and document. This blog post charts how the team built relationship-based access control on Postgres RLS, then migrated to OpenFGA once permission checks needed a dedicated engine. Just one of the knotty engineering challenges the team's working on. Check it out 👇 https://lnkd.in/eX7ukA2d

What's it like to work at 9fin? In a few words: real ownership. Fast progression. Ambition. Plenty of trust. And, as CTO and co-founder Huss E. phrased it, “a marathon run at sprint pace” 🏃♀️ Check out the video to learn more about 9fin’s culture. We’ve also launched a ✨ brand new careers page ✨, packed with even more behind-the-scenes content on how we work, build and grow. If you want to join a group of exceptionally talented 9finners, have a browse of our open roles: https://lnkd.in/eQE8shCa

We asked Josie Shillito, our global head of private credit, what H1 development private credit professionals will wish they'd paid more attention to by September. Her answer: documentation 📄 "Some private credit agreements, particularly at the large-cap end of the spectrum, have in recent years converged with BSL documentation. Meanwhile, sponsors have increasingly had the power to erode lender rights. Given the global instability, secondary selldowns, and supply chain risk we're seeing, that's increasingly a liability for lenders of record." It's one of several sharp takes in our whitepaper on the state of private credit 2026 — download to see how we map those pressures at the halfway point, and where they're most likely to land in H2. A sneak peek at everything covered in this whitepaper below 👀 https://lnkd.in/ekpzuQi4

What happens when food and finance meet? It’s not necessarily flavor! 🥘 UK’s abundance of PE-backed restaurants have intersected with and might be undoing all of the gains of the Brits’ dramatically improved dining culture compared with years past. But for the credit investors bankrolling the incursion, it’s still as sweet as ever. 9fin committed itself to finding out the true extent of private equity’s influence in London’s cuisine. “We must first evaluate where we are today. And that means sampling the taste of leverage ourselves,” our VP of content Will Caiger-Smith declared one day in the office (presumably on an empty stomach). Dig in: https://lnkd.in/ez7SRnTv

What an incredible turnout at the Rosewood Hotel Group last Wednesday for our event ‘Wealth Management — Taking CLOs to new frontiers’! 🌟 In partnership with PGIM, we hosted a first-of-its-kind event bringing CLO market leaders together with some of the largest wealth investors in the UK. There was a real energy in the room, with a candid, off-the-record exchange on the complexities, risks, and opportunities in the CLO market. A big thank you to our phenomenal speakers for delivering incisive and thought-provoking panels: 👉 9fin team: Tanvi Gupta, Sayed Kadiri, Michelle D'souza 👉 PGIM team: Edwin Wilches, CFA, Taggart Davis, Rob Hall 👉 Industry experts: Anne Wrobel (Financial Conduct Authority), Andrew Bryan (Clifford Chance), Alejandro Gonzalez (J.P. Morgan Private Bank), Andrew Summers CFA, and Oliver Faizallah, CFA (Charles Stanley). Thank you to everyone who attended and stayed for the fantastic networking. Stay tuned for our next CLO event! 👀

🎙️ The Credit Clubhouse podcast, hosted by Todd Anderson, just released 3 new episodes recorded live at the Private Credit Conference on Direct Lending. There’s something special about recording conversations in the middle of a live conference environment — real energy, spontaneous insights, and incredible discussions with leaders across the industry. A huge thank you to Tom Quinn, Dina Kook, CFA, Brian Garfield, ASA, CFA, and Eszter Hauber, CAIA who joined us and helped make these conversations happen. • Fraud, Covenants & Course Correction in Direct Lending with Tom Quinn of 9fin • Liquidity. Leverage & IRR: The Borrower's Toolkit in Fund Finance with Dina Kook of Monroe Capital LLC • Benchmarking Private Credit with Brian Garfield of Lincoln International, and Eszter Hauber of S&P Global / S&P Dow Jones Indices 🔗 Watch or listen to the episodes: DealCatalyst - https://hubs.la/Q04gP-xR0 YouTube - https://hubs.la/Q04gPXw_0 Apple Podcasts - https://hubs.la/Q04gPYvN0 Spotify - https://hubs.la/Q04gQ1fV0 Thank you 9fin for your continued support. And here’s a behind-the-scenes look at the live podcast setup from the event 👇

Are 144A bonds really evidence that private credit is liquid? PIMCO's Lotfi Karoui argues the answer is no. Full episode here: https://lnkd.in/erBs_pG9