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‘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.

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

The rapid unraveling of American Physician Partners has stunned many. Dennis Deruelle, who was APP's Executive Director of Hospital Medicine, told 9fin what it's like to sit on the unsecured creditors' committee, impact of the company's bankruptcy on patients and employees, and what the credit world can learn from this process. Give it a listen:

Credit investors are evolving into private equity investors, whether by choice or necessity. This trend extends to less experienced distressed debt investors who are now more comfortable owning company equity post-reorg. In our latest 9Questions Max Frumes speaks to Jon F Weber at Jon F Weber & Co about what attracted him to the restructuring world, the “private equity” mindset, compensation bonuses and more. Plus he describes the ‘aha’ moment when he knew there was a need for JFW. Read the full interview: https://lnkd.in/ePHeaJvB

The signs of a bullish market are in the numbers (and covenants)! 🐂📈 H1 24 has given 2021 a run for its money, and with no signs of slowing down, covenants continue to loosen. Refinancings still drive the market, but new LBOs and money deals suggest growing confidence. This shift has tipped the scales in favor of issuers, though bondholders are pushing back, especially on J.Crew blockers. For a deep dive into the latest covenant trends, read our report from 9fin's Alice Holian and Christopher Osborne. 📚 Download here — https://lnkd.in/gXBGH6aZ

Meet our latest 9Questions guest: Brett Klein from Sculptor Capital Management! 🎙 As the Global Head of Corporate Credit, Brett oversees both performing and distressed corporate credit investments at the firm. 🎯 In his conversation with 9fin's Nicolle L., Brett shares insights into the firm’s strategic approach to liability management and how Sculptor Capital Management is gearing up for upcoming macroeconomic and political challenges. 🌏 Read the full interview here 👉 https://lnkd.in/grWC7r42

Have you read our European High Yield Q2 2024 report yet? If not, you're missing out on essential insights. Can you answer the question below? (Hint: their average price change last year was -13%) Get your free copy in the comments! #leveragedfinance #highyieldbonds #debtcapitalmarkets

Exciting News! 🚀 We’re thrilled to unveil our inaugural Covenant Data Report for the US High Yield Market! 📊✨ This report, from the 9fin US legal team, covers high yield bonds that we reviewed in H1 2024, focusing on debt incurrence and leakage through restricted payments and investments. 📌 Note: Excludes investment grade and "high yield lite" bonds Data from preliminary OM’s, not final OM’s Get the insights and learn about the trends shaping the market. Download now — https://lnkd.in/gfQCBAxi

Get a loan of this: 9fin's European leveraged loans H1 2024 report is here! 📂 H1 2024 saw €103bn in term loan B issuance, up 15% from 2021. Key takeaways: 📌 Repricing: Margins cut by ~60bps; another €19bn could reprice soon. 📌 Tighter single-Bs: Q2 margins at 410bps, down from 465bps in 2023. 📌 LBO surge: Leveraged buyouts up, though new money is limited. Elevate your market knowledge with 9fin's expert analysis. 🚀 Access the full report here — https://lnkd.in/eYhatt-9

Octagon Credit Investors eyes European CLO market! 👀 Following Conning's acquisition by Generali, Octagon Credit Investors plans to enter the European CLO market next year. As the largest US BSL CLO manager without a European presence, Octagon is poised for expansion. 🌏 9fin’s Victoria Zhuang caught up with CEO Gretchen Mohr Lam, to discuss Octagon’s strategy, navigating loan supply challenges, and key investment opportunities in today’s CLO landscape. 🚀 Read here — https://lnkd.in/eYdR-YBD