The Unicrunch is our US private credit newsletter, in which we break down everything from unitranches to ABL lending. Find out more about 9fin for private credit here.

Texas grows

A poll earlier this year found the Cowboys were no longer the most hated NFL team. That partly may be due to a lack of success in recent years (the Chiefs placed first). But the Lone Star State is notching up a few successes in becoming a financial hub — and Jamie Dimon has shown himself to be a fan.

On the horizon is the launch of the Texas Stock Exchange, a national platform for the buying and selling of securities. But more immediately is Texas Capital’s launch of its direct lending business. Developments on both the public and private markets front. That plus the migration of financial professionals to the state means it is becoming a player in the financial services sector.