This article is part of our new service, 9fin Private Credit, which will soon require a separate subscription to view. For more info on this product and the accompanying database, contact subscriptions@9fin.com

Lower middle-market LBO financings and jumbo unitranches are cool and fun, but there’s a lot more to private credit than that. 

As we covered in our Cloud 9fin podcast over the summer, asset-backed financing is coming into vogue. In recent months, private credit firms have touched on everything from bank portfolios to consumer finance to music rights. 

If we covered the entire spectrum of asset-backed lending in this article, we’d miss the holidays. So we’re choosing to cover two of the most exciting parts: private credit’s growing interest in bank assets after the March meltdown, and the booming world of NAV lending.