Excess Spread — Aussie giant, Ibiza classics, structuring sensitivities

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League Tables

Private Credit

European private credit league tables Q2 26

The European private credit deal rankings for Q2 26 are in, with Ares still leading the overall deal count for the last 12 months. However, Muzinich has risen to take the quarterly top spot, the first time that the New York-based firm has been pipped to that crown.

17 Jul 2026

| Europe

League Tables

Private Credit

US private credit league tables Q2 26

The US private credit deal rankings for Q2 26 are now live, with Audax returning to the top of the quarterly rankings for the first time since Q3 25. Its 62 deals are also the most 9fin has tracked from a single firm in a quarter since we started the league tables at the beginning of 2025.

16 Jul 2026

| US

News & Analysis

LevFin

Private Credit

How the BDC liquidity crunch is impacting syndicated loan trading

BDCs are selling syndicated loans to raise liquidity as these retail-focused private credit vehicles face a backlog of redemptions from clients worried about pressures on these funds, including concerns about potential AI-driven disruption to their software investments.

16 Jul 2026

| US

League Tables

Distressed

European restructuring & LME law firm league tables Q2 26

The second quarter of the year was dominated by the impact of the Iran war, conflict in the wider Middle East, and the rise of AI. Concerns about AI undermining the viability of SaaS businesses and other companies reliant on replaceable technology have persisted.

16 Jul 2026

| Europe

Trend Reports

Private Credit

Q1 26 at-risk BDC watchlist

9fin's new BDC Watchlist uses proprietary data to track fair value erosion across 157 BDCs, flagging 468 at-risk private credit loans worth $5.7bn in Q1 2026.

16 Jul 2026

| US

News & Analysis

LevFin

Private Credit

JPM, Goldman prep financing for Warburg LBO of PANTHERx Rare

JP Morgan and Goldman Sachs are preparing an up to $3bn financing in the broadly syndicated market to back Warburg Pincus’ buyout of specialty pharmacy company PANTHERx Rare, according to 9fin sources.

15 Jul 2026

| US