9fin • 4th August 2025

NAVing a blast — GPs turn to NAV for fully-invested funds | 9fin

A stagnant M&A market, valuation mismatch, and longer holding periods for private equity GPs — the perfect recipe for a direct lending drought.

But one man's misfortune is another man's gain, as these are the exact factors creating an appetising environment for NAV lenders.

9fin • 20th June 2025

9Questions — Andrew Schantz, Bain Capital — Private credit takes on Asia | 9fin

In 2008, Andrew Schantz moved to Hong Kong from New York for what was meant to be an 18-month work rotation. Fast forward 17 years and he is still there, now heading up Bain Capital’s Asian private credit business as a partner.

9fin • 23rd May 2025

Taking the Credit — The secret is in the fees | 9fin

As spreads have been cut to the bone over the last 12 months, direct lenders are now going loose on arrangement fees, with some having lowered them all the way down to 0.5% in the most extreme cases, sources told 9fin.

9fin • 28th March 2025

Taking the Credit — Opposites attract | 9fin

“That’s how we’ve always done it,” is one of the most dangerous expressions (according to most corporate rule books). It’s safe, it works and it has lasted the test of time — but is it the best way to operate?

Photo by Alexander Grey on Pexels

9fin • 7th March 2025

Taking the Credit — Supporting women through the ranks | 9fin

Tomorrow (8 March) marks the annual International Women’s Day, and there’s no sweeping under the rug that private credit — like most of the finance industry — is male-dominated.

Photo by Essow K on Pexels

9fin • 29th January 2025

DealCatalyst wrap — Bringing private credit to the masses, CLO growth, and is AI going to be A-OK? | 9fin

Despite Storm Éowyn’s best efforts to make it a miserable day in London this Monday (27 January), Europe’s private credit professionals were all cheer as they huddled indoors at the Landmark Hotel for DealCatalyst’s second European Private Credit Conference.

9fin • 10th January 2025

Taking the Credit — Trackunit on track, hope springs, continue watching | 9fin

Last year ended on a cliffhanger for followers of Hg’s sale of Trackunit, as the decision on a winning bidder was postponed to 2025. One full week into the new year, and we are still waiting for a final decision.

9fin • 8th January 2025

To be continued? Private credit tests the waters with continuation funds | 9fin

When private credit behemoth BlackRock set the wheels in motion for a $1.3bn private credit continuation fund in November, it signalled increased efforts by asset managers to lock in longer hold periods for private credit assets. However, it also raised questions around the incentive for such a vehicle.

9fin • 22nd November 2024

Taking the Credit — A warmer end to the year, you can account on it | 9fin

Sub-zero temperatures, how we’ve missed thee. It might have been a chilly week in London, but the private credit market is plenty hot right now.

9fin • 11th October 2024

Taking the Credit — Moving on up | 9fin

The end of a quarter also means that everyone’s favourite report — 9fin’s quarterly review — is right around the corner.

9fin • 30th August 2024

Taking the Credit — H2, a better place to play? | 9fin

Welcome to Taking the Credit, 9fin’s weekly observations on the issues affecting the European private credit market. Find out more about what we do for private credit.

9fin • 14th August 2024

9Questions — Mike Carruthers, Blackstone — The goldmine of individual investors | 9fin

The retailisation of private credit has been making waves in the fundraising world, with a number of funds — including major players such as Blackstone, Arcmont and Carlyle — seeking to harvest the capital of wealthy individuals for their private credit strategies.

9fin • 19th July 2024

Taking the Credit — Go big, or go home — with nothing | 9fin

As Spain has spent the week celebrating its fourth European Championship trophy, England once again has had to face the harsh reality that it’s not 'coming home'.

9fin • 2nd July 2024

9Questions — Stuart Brinkworth, Mayer Brown — Expectations for Labour | 9fin

The first half of 2024 has been a tale of economic uncertainty, political turmoil, and a continued sluggish M&A market.

9fin • 1st July 2024

Private credit goes back to the future… in a hybrid | 9fin

Private credit funds are returning to their roots amid what has been, in 2024 at least, a one-sided rivalry with the syndicated loan market. This has led direct lenders back to where they had initially made their mark — hybrid-style deals where they snap up junior debt facilities.

9fin • 31st May 2024

Taking the credit — LPs like big funds and they cannot lie | 9fin

This week, Goldman Sachs Alternatives announcing the $13.1bn close of its latest West Street Loan Partners V showed once again that bigger is indeed better when it comes to fundraising.

9fin • 3rd May 2024

Safety sector is on fire — Private credit can't get enough of security and surveillance deals | 9fin

A wave of security and surveillance firms has washed over the private credit market lately, with several recent sale processes attracting interest.

React News • 11th August 2023

Inside Slate's €1bn+ German grocery spree | React News

Co-founder Brady Welch discusses how the Canadian firm snapped up X+Bricks' portfolio

React News • 8th August 2023

SBB's attempt at self salvation | React News

Firm continues selling spree to improve its harrowing financial situation

React News • 25th July 2023

Q+A: Generali Real Estate – "There is a natural selection during tough times" | React News

Firm's CEO discusses the acquisition of Pep shopping centre, the retail market and his future outlook

React News • 21st July 2023

Swedish housing crisis looms as developments on the rocks | React News

62% drop in planned building starts in the highly regulated market

React News • 6th July 2023

Swedish propco storm: the distress unravels | React News

Concerns about the financial situation of Sweden’s listed property firms are stirring up drama

React News • 14th June 2023

Q+A: Eurofund – "Physical retail has proven to be totally relevant" | React News

React News speaks to the firm's president Ian Sandford about the current transaction climate

React News • 16th May 2023

What does the future hold for embattled SBB? | React News

React News looks at how the listed firm can improve liquidity following S&P's downgrade