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Cloud 9fin

9fin
Private Credit
Clos
Liability Management
Restructuring
Private Equity
Leveraged Finance
Tariffs
Leverage Finance
Collateralized Loan Obligations
Bankruptcy
Debt Restructuring
Interest Rates
Ardagh
Investment Strategies
Direct Lending
Credit Agreements
Private Credit Market
Debt Market
Market Volatility
M&A

Leveraged finance, distressed debt, and private credit drive today’s markets. Cloud 9fin delivers expert insights on high-yield bonds, syndicated loans, direct lending, and debt restructuring. Join top analysts and investors as we explore credit markets, special situations, and private debt strategies shaping the industry. From credit risk assessment to institutional credit trends, each episode pr... more

PublishesTwice weeklyEpisodes267Founded5 years ago
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Latest Episodes

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It seems that over the past few months, you could sum up the troubles facing private credit with one word: ‘illiquidity.’ This is a key tenet of the asset class, and it is often cited among the reasons for private credit’s premium. But it also can po... more

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Recent Guests

Mark Melchiorre
Founder of Forza Investment Group; leads private and public credit strategies and insurance asset management initiatives
Forza Investment Group / Forza Insurance Asset Management
Episode: Syndication Nation — The tie-up between insurance and America’s AI buildout
Jeff Griffiths
Global head of private credit
Campbell Lutyens (acquired by Lazard CL)
Episode: Private Chat — Fundraising and secondaries during private credit’s liquidity crunch
William Hoffman
USIG editor at 9fin, discussing investment-grade debt and the Paramount-WBD merger
9fin US Investment Grade
Episode: Syndication Nation — The $81bn HY/IG jigsaw puzzle behind Paramount-WBD
Anjana Ravani
Head of CLOs and corporate ABS for Redding Ridge (Apollo affiliate)
Redding Ridge Asset Management (Apollo affiliate)
Episode: Tranche Talk — Unlocking value in infra CLOs with RRAM’s Anjana Ravani
Lotfi Karoui
PIMCO multi-asset credit strategist
PIMCO
Episode: Syndication Nation — Is software credit headed for terminal decline?
Jon Henes
Founder and CEO of C Street
C Street
Episode: Jane’s LME Addiction — Will law firm musical chairs bring LMEs 3.0?
Alec Keblish
Senior credit analyst at 9fin
9fin
Episode: Straight outta Hormuz — credit analysis in the age of macroshocks
David Westenhaver
LevFin reporter
9fin
Episode: Syndication Nation — I just came to say HALO
George Schultze
Founder and CEO of Schultze Asset Management, distressed investor
Schultze Asset Management
Episode: Lessons learned from the corrosion of Exide Technologies with George Schultze

Hosts

Max Frumes
Host of Cloud 9fin; Global Head of Distressed and LevFin at 9fin
Bianca Boorer
Host of Distressed Diaries; Senior Distressed Reporter at 9fin

Reviews

5.0 out of 5 stars from 87 ratings
  • Insightful & Timely for Anyone in the Credit Industry

    Cloud 9fin’s podcast provides timely, and engaging commentary on everything involving the credit markets. Particularly a big fan of Jane’s LME Addiction and any episode with Jane Komsky as her legal and market commentary are on point and insightful.

    Apple Podcasts
    5
    MMRestructuring
    United Statesa year ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Guests consistently bring practitioner-level knowledge and history.
Insightful credit analysis and timely market context from a specialized audience.
Clear focus on restructurings, LMEs, and private debt strategies helps sponsors and investors pick opportunities.

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Talking Points

Recent interactions between the hosts and their guests.

Private Chat — Fundraising and secondaries during private credit’s liquidity crunch
Q: How are investors and LPs influencing private credit documentation and control?
LPs, especially large institutions, increasingly seek transparency, governance rights, and even co-investment opportunities, sometimes preferring separate accounts for more control. Documentation is evolving to grant more flexibility and oversight, while still preserving the private credit structure's advantages.
Private Chat — Fundraising and secondaries during private credit’s liquidity crunch
Q: What makes direct lending attractive relative to public markets?”,
Direct lending offers potentially higher returns with a private structure that can outperform broadly syndicated loans over long horizons, though it comes with higher risk and liquidity considerations. The asset class has historically delivered better risk-adjusted returns, especially when held through cycles, but investors must accept illiquidity and implement careful risk management.
Syndication Nation — The tie-up between insurance and America’s AI buildout
Q: How does the broader tech boom marry into insurance asset management portfolios and what structures are being used?
Insurance managers want tailored, risk-controlled allocations that fit regulatory requirements; the firm uses multi-strat risk management, hub-and-spoke structures, and specially designed SPVs/BDCs to bridge equity-like returns with debt-like protections, aligning with insurers' liquidity and risk mandates.
Syndication Nation — The tie-up between insurance and America’s AI buildout
Q: So what's that conversation been like with those guys in the tech/energy space as they start embracing institutional capital markets?
Conversations have shifted from skepticism to collaboration; partners see value in capital solutions and the ability to provide strategic funding while navigating regulatory and balance sheet constraints, leading to deeper partnerships and equity participation.
Syndication Nation — The $81bn HY/IG jigsaw puzzle behind Paramount-WBD
Q: Why is the cross-asset nature of the deal significant for lenders and investors?
The deal spans IG and high-yield, secured and unsecured, as well as euros, which makes it a complex, multi-market financing challenge that tests how markets value cross-asset synergies and collateral.

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Frequently Asked Questions About Cloud 9fin

What is Cloud 9fin about and what kind of topics does it cover?

A high-sidelity discussions around leveraged finance, distressed debt, and private credit, with a heavy emphasis on how macro shocks, regulatory changes, and corporate restructurings reshape credit markets. Episodes frequently analyze liquidity dynamics, valuation stresses, and deal structures across sectors like energy, chemicals, and real estate, often featuring senior practitioners, researchers, and top legal advisers who illuminate restructuring, liability management, and market-driven risk. A standout trait is the blend of data-driven analysis, historical context, and real-world deal anecdotes from Europe, Asia, and North America, making it especially useful for fund managers, institutional investors, and lenders seeking actionable ins... more

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Which podcasts are similar to Cloud 9fin?

These podcasts share a similar audience with Cloud 9fin:

1. The Credit Edge by Bloomberg Intelligence
2. FICC Focus
3. The View From Apollo
4. Capital Allocators – Inside the Institutional Investment Industry
5. Odd Lots

How many episodes of Cloud 9fin are there?

Cloud 9fin launched 5 years ago and published 267 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Cloud 9fin?

Recent guests on Cloud 9fin include:

1. Mark Melchiorre
2. Jeff Griffiths
3. William Hoffman
4. Anjana Ravani
5. Lotfi Karoui
6. Jon Henes
7. Alec Keblish
8. David Westenhaver

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