Market Financial Solutions — A comprehensive guide to what we know so far

Hot Stacks — Tracking the AI data infrastructure financing boom

Hot Stacks is 9fin’s weekly take on data center finance — the deals moving the market, the people behind them, and the risks and opportunities buried in the stack.

Insolvent Bathla’s A$3.4bn debt highlights Aussie property woes

On Friday (4 September), the administrators of Bathla Group, one of Sydney’s largest, and now insolvent, homebuilders told the firm’s creditors its A$3.4bn ($2.45bn) debt stack may still grow. The builder owes most of that cash to private credit lenders, though claimants may number as many as 3,000.

MFS investors including Raja’s stepson were repaid ahead of collapse

Individual investors who had lent money to Market Financial Solutions — including MFS CEO Paresh Raja’s stepson, the Deutsche Bank high-yield credit trader Rihan Dewan — received their money back last December in the run-up to the bridging lender’s high-profile collapse amid fraud allegations, according to court documents.

AI warning signs, Part Two — It’s IPO o’clock, do you know where your credit returns are?

A Hollywood movie, a Beverly Hills mansion and a lender lawsuit — Inside the debt-fueled war for Archie Comics

Archie Andrews was headed to Hollywood. In August last year, Universal Studios struck a deal to bring Archie, the carrot-top protagonist of the 85-year-old comic book series by the same name that brought iconic characters Veronica, Betty, and Jughead to life, to the big screen.

The Taste of Leverage

Over the past few decades, private capital has reshaped London’s food culture. It began in the late eighties after the Big Bang reforms, and gained pace in the 2010s after the financial crisis, when interest rates basically went to zero. In the 2020s, the double whammy of Covid and TikTok tastemaking changed the game even more.