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 provides actionable intelligence for fund managers, institutional investors, and financial profess ...
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Credit Risk Assessment Podcasts
The Banking on Data podcast is for community bank and credit union leaders who understand that the future of financial services is powered by data. Hosted by Ed Vincent, CEO of Lumio Solutions, this podcast offers executive-level insights into how financial institutions can leverage business intelligence, data strategy, and advanced analytics to drive performance, manage risk, and unlock growth opportunities. Each episode features conversations with industry leaders, data experts, and financ ...
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Currents is a podcast published by Norton Rose Fulbright that features in-depth discussions on the latest developments in project finance. The podcast is hosted by partner Todd Alexander, who interviews key business leaders and policy makers to investigate important trends affecting the energy and infrastructure space.
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Syndication Nation — Education borrowers taken to task
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10:40Private equity-owned education companies like Houghton Mifflin and Lakeshore Learning are learning a hard lesson in the US leveraged finance market this year as their loans and bonds have tumbled to trade at discounts. In this episode of Cloud 9fin, senior reporter Sunny Oh sat down with US managing editor Bill Weisbrod and discussed his story abou…
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Ep324: Evolving Community Solar and Storage
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30:49Stefano Ratti, CEO of Chaberton Energy, shares how his team is evolving from solar-only development to integrating storage and navigating shifting market dynamics, tariffs and policy changes.By Norton Rose Fulbright
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Jane’s LME Addiction — Are lender voting and concentration caps the new and improved DQ lists?
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27:24In this episode of Jane’s LME Addiction, our head of LME coverage Jane Komsky brings in Davis Polk partners Brian Resnick and Hilary Dengel to discuss voting cap and lender concentration cap language in credit agreements and how they may affect creditor organization and liability management exercises. They discuss the goals of these provisions, whe…
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S3 | E28: Data-Driven Growth: Empowering Frontline Teams with Actionable Insights
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38:33Community banks have always excelled at building relationships. But in a market driven by data, relationships alone aren’t enough. The next wave of growth in banking depends on turning customer insights into action. This means empowering marketing, sales, and frontline teams to collaborate smarter and deliver more personalized experiences. In this …
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Distressed Diaries — More private credit cockroaches crawling out?
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25:05High-profile US bankruptcies, First Brands and Tricolor have sent warning signals to regulators about the dangers of opaque financings, shining a light on private credit. Are these cases one offs, given allegations of fraud, or will there be more cockroaches to follow? In this episode of Distressed Diaries, 9fin’s senior distressed reporter Bianca …
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Four industry experts discuss about the latest trends, challenges and opportunities in data center financings. The four are Claus Hertel, managing director, Rabobank, Melih Ileri, chief investment officer, DC BLOX, Mike Johnson, director, Société Générale, and Tim McGuire, vice president, capital markets, Rowan Digital Infrastructure. The moderator…
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As private credit continues to grow, it is constantly looking for new ways to deploy the mountain of capital it has raised. Now that the market is of scale, it has begun to look at investment grade credit as another avenue on which to make deals. In this episode of Cloud 9fin, senior private credit reporter Peter Benson sits down with Ryan Schwartz…
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S3 | E27: AI Starts with Data: Why Governance Is Your First Step
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38:31Artificial intelligence is the hottest topic in banking right now. Every conference, article, and C-suite conversation seems to circle back to AI’s potential for community financial institutions. But before any bank can truly harness that potential, there’s one crucial step that often gets overlooked: data governance. In this episode of The Banking…
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Tranche Talk — Navigating CLO demand through regulatory changes with PGIM’s Edwin Wilches
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49:59In this episode of Tranche Talk, Cloud 9fin’s CLO series, our global head of CLOs Tanvi Gupta, talks with Edwin Wilches, Co-head of Securitized Products at PGIM. They talk about how securitization is the key component in Europe’s growth agenda, how more work needs to be done for Solvency II, the evolution of insurance demand, relative value and the…
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Ep321: Financing the Next Wave of Nuclear
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25:53
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25:53Jake Jurewicz, CEO of Blue Energy, shares how modular, prefabricated nuclear power plants could dramatically reduce costs and timelines and unlock new opportunities for commercial financing and grid-scale deployment.By Norton Rose Fulbright
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S3 | E26: Building a Cyber Risk Playbook for the Post-CAT World
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16:44Cybersecurity is evolving faster than many community banks and credit unions can keep pace with. With the retirement of the FFIEC Cybersecurity Assessment Tool (CAT) on August 31, 2025, financial institutions are left wondering how best to measure, track, and manage cyber risk without a regulator-endorsed standard. In this episode of the Banking on…
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Ep320: Streamlining Utility Planning for Rapid Deployment
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20:32Pier LaFarge, CEO of Sparkfund, explains how distributed capacity procurement is helping utilities rapidly deploy batteries and other distributed energy resources to meet grid constraints and rising demand.By Norton Rose Fulbright
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Tranche Talk — CLO investing in a new regime with BlackRock’s Saffet Ozbalci
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32:03In this episode of Tranche Talk, Cloud 9fin’s CLO series, our global head of CLOs, Tanvi Gupta, talks with Saffet Ozbalci, global head of structured credit at BlackRock. They talk about the nuances of investing in CLOs with a backdrop of dramatic bankruptcies, relative value in CLO tranches in a new rate regime, what’s next in structural innovation…
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S3 | E25: Responsible Innovation: How Fintechs & Banks Can Align for the Future
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27:52What happens when innovation outpaces regulation - and when community banks must adapt to a world moving faster than ever before? In this episode of Banking on Data, Host Ed Vincent sits down with Phil Goldfeder, CEO of the American Fintech Council (AFC), to explore how fintechs and financial institutions can innovate responsibly - with clarity, co…
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Ep319: Bringing Transparency to Clean Energy Certificates
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24:55Ben Gerber, CEO of CleanCounts, explains how its nonprofit registry brings transparency and reliability to renewable energy and thermal certificate markets by helping asset owners and consumers to validate their clean energy claims.By Norton Rose Fulbright
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Jane’s LME Addiction — Let’s veto that law firm
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22:42In this episode of Jane’s LME Addiction, 9fin’s head of LME coverage Jane Komsky sits down with 9fin private credit reporters Shubham Saharan and Tom Quinn, to discuss how sponsors are adding the ability to veto their portfolio companies’ creditors’ choice of law firm. They discuss the how these provisions came about, what iterations have passed in…
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Ep318: TDK Ventures on Emerging Energy Tech
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32:22Nicolas Sauvage, president of TDK Ventures, discusses how AI-driven energy demand, emerging battery technologies like sodium-ion and shifting geopolitical dynamics are shaping the future of energy storage and deep tech investing.By Norton Rose Fulbright
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How a private credit agreement was negotiated before exclusivity
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9:34An old adage is proving true in the private credit markets: it takes money to make money. Or maybe more accurately in this case, it takes billable hours to make money. In this episode of Cloud 9fin, head of private credit Josie Shillito digs into Dominus Capital’s buyout of Creative Outdoor Advertising with reporters Tom Quinn and Anna Russi. They …
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S3 | E24: AI Oversight: Why Program Risk Assessment Is Essential
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10:57Artificial intelligence (AI) is moving faster than any other technology banks have seen before. From fraud detection to lending platforms, AI is being embedded in nearly every vendor solution. For community banks and credit unions, this acceleration brings both opportunity and risk. This present risk and compliance teams with new demands from the b…
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Ep317: Tariffs and the Future of Battery Storage
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26:38Dan Finn-Foley, director of energy storage market intelligence at Clean Energy Associates, discusses the impact of tariffs, shifting supply chains and emerging technologies on the US battery storage market.By Norton Rose Fulbright
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S3 | E23: How Community Financial Institutions Can Build a Responsible AI Approach
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19:19Artificial intelligence (AI) is no longer just a buzzword in financial services. From lending to fraud detection to customer service, AI is steadily finding its way into community banks and credit unions. But for leaders, boards, and compliance teams, one pressing question remains: how do we adopt AI responsibly? In this episode of the Banking on D…
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Tranche Talk — CLO portfolio trading and allocating in a tough market with OHA’s Tommy Wong
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49:59
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49:59In this episode of Cloud 9fin, our global head of CLOs, Tanvi Gupta, returns for her ongoing series, Tranche Talk. This time, she’s joined by Oak Hill Advisors’ portfolio manager Tommy Wong. They dive into the forces shaping today’s CLO market — including macroeconomic drivers, asset allocation strategies, credit selection in a low-arb environment,…
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Syndication Nation — LevFin gaming and the big parlay on sports contracts
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47:36Betting on sports has been a huge engine of growth for LevFin gaming companies. But is sports contract betting a boom or bust moment for the industry? As apps like Robinhood and Kalshi make it possible to buy or sell contracts based on all kinds of binary events, some gaming companies are eyeing the potential windfall from bringing the same kind of…
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Ep316: How Captona is Scaling Energy Transition Assets
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26:51Izzet Bensusan, CEO of Captona, shares how his team is investing in renewables, storage and clean fuels while using preferred equity structures and preparing for rising energy demand.By Norton Rose Fulbright
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Distressed Diaries — Sue me! Litigation on the rise as European LMEs become more aggressive
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24:48Litigation against aggressive liability management exercises in Europe is on the rise as creditors fight back against sponsor’s tactics to prime minority creditors. Back in November a group of primed creditors in Dutch lingerie maker Hunkemoller filed a lawsuit in New York against US hedge fund Redwood after it uptiered its portion of the debt. Red…
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Jane’s LME Addiction — The minority report with Shai Schmidt
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25:48In this episode of Jane’s LME Addiction, 9fin’s head of LME coverage Jane Komsky brings in Shai Schmidt, a partner from Glenn Agre, to discuss how minority holders are thinking about LMEs. They discuss the best time to organize, when to negotiate and when to litigate, and tools and trends for minority holders to consider. Find all of our coverage o…
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Dwindling Prospects: What happens when hospitals disappear
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17:05Private equity has made its way into nearly 23% of for-profit US hospitals, despite financial goals that can be at odds with the patient-oriented priorities in health systems. Distressed reporter Samantha Kroontje went to a new “healthcare desert” in Delaware County, Pennsylvania, to speak to some of the people impacted by the closure of its main h…
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Ep315: Developing Smarter Energy Platforms in Europe
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22:56Adrien Pinsard, CEO of Telis Energy, shares how the firm is scaling a decentralized green energy platform across Europe’s largest power markets, combining organic development and strategic acquisitions to meet growing demand from renewables, batteries and data centers.By Norton Rose Fulbright
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Ep314: Navigating cost, risk and regulation in energy storage
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27:40Chris McKissack, CEO of Fullmark Energy, shares insights on the evolving energy storage market, discussing cost trends, operational complexity, regulatory shifts and how Fullmark is positioning itself to meet rising demand across key US power markets.By Norton Rose Fulbright
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Building 9fin: From frustrated banker to fintech founder
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16:38What happens when a banker gets fed up with outdated technology and decides to build something better? In this week’s episode of Cloud 9fin, we depart from our usual programming to share an interview produced by one of 9fin’s investors, redalpine. Co-founder Steven Hunter shares how he turned years of complaining about broken fintech into 9fin — a …
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Distressed Diaries — Hardly fair? The evolution of English restructuring plans
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36:16The English courts have been called upon several times in the last few years to reevaulate what should be considered fair in Part 26A restructuring plans. Within 2025, the Court of Appeal handed down two key decisions on distressed utility company Thames Water and upstream energy engineering firm Petrofac’s restructuring plans. Those decisions, com…
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Keith Martin, Norton Rose Fulbright partner, joins us to talk about how the new construction-start guidance issued by the US Treasury and the "One Big Beautiful Bill Act" as a whole are affecting the renewables market.By Norton Rose Fulbright
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Ep312: Modeling Risk and Value in Renewable Energy Portfolios
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31:10Brock Mosovsky, head of commercial analytics at cQuant.io, breaks down how advanced modeling and probabilistic forecasting are reshaping how developers, investors and lenders assess value, risk and offtake strategies in renewable energy and storage projects.By Norton Rose Fulbright
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Ep311: A Discussion of the New FEOC Rules
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26:52Kristina Costa, who was involved with FEOC issues at the White House and Treasury during the Biden administration, Seth Hanlon, who led work on the Inflation Reduction Act guidance as deputy assistant secretary for tax policy in the Biden Treasury and is now with the NYU Tax Law Center, and Kyle Sweeney, who is also with the NYU Tax Law Center, joi…
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Jane's LME Addiction — Is a deal away going your way?
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18:07In this episode of Jane’s LME Addiction, *9fin’*s head of LME coverage Jane Komsky brings in Sound Point Capital Management managing director, Morgan O’Neill to discuss the intersection of private credit and LMEs. They discuss the red flags and green flags of whether a deal away is a real possibility or just there to threaten exiting lenders and ho…
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In this week’s episode of Syndication Nation, a podcast dedicated to all things leveraged finance, 9fin LevFin reporter Dan Mika talks with Barclays Head of US Credit Strategy Dominique Toublan about Barclays’ credit capitulation and complacency signals. What does the recent miss and revision in the US jobs report mean for lenders? What does it mea…
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Ep310: Legal Perspectives on Energy and Infrastructure
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21:40Chris Panaro, Executive Director & Counsel at Nomura, shares legal insights from financing energy and infrastructure projects, highlighting the risks, regulatory shifts and deal structures shaping today’s project finance landscape.By Norton Rose Fulbright
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Ep309: Bitcoin Mining and Renewable Integration
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24:45JohnPaul Baric, founder of MiningStore, explains how Bitcoin mining is evolving into a powerful tool for grid stability and renewable energy integration.By Norton Rose Fulbright
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Distressed Diaries — Will US tariffs drive a German auto slowdown, or will there be a U-turn?
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27:48On Sunday 27 July, US and the EU have struck a deal to set at 15% tariffs on EU export to the US, which is not as high as president Donald Trump previously threatened, but can still impact Europe’s biggest car producer, Germany. Senior distressed reporter Bianca Boorer, host of this series, travelled to Munich to find out just how big the dent on t…
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Lukas Sheild, general manager at REC Solar Hawaii, shares how microgrids are transforming energy resilience across the Hawaiian islands.By Norton Rose Fulbright
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In this episode of Cloud9fin, our distressed debt editor Rachel Butt brings in Jonathan Foster, founder of Current Capital Partners, to discuss corporate governance in restructurings and bankruptcies. They delved into Jon’s career, his book On Board, and thorny topics including the so-called super repeaters trend and third party releases. Have any …
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Jane’s LME Addiction — DQ lists are overrated
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27:44In this episode of Jane’s LME Addiction, 9fin’s head of LME coverage Jane Komsky brings in Mudrick Capital Management founder, Jason Mudrick, and Akin Gump partners Dan Fisher and Jaisohn Im to discuss disqualified lender (DQ) lists. They discuss the the goal of DQ lists, whether they actually work (spoiler: they believe they do not), and the impli…
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Ep307: What the Proposed Scope 2 Changes Could Mean
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23:21Lee Taylor, CEO of REsurety, joins us to unpack the debate surrounding the proposed revisions to the Greenhouse Gas Protocol’s Scope 2 emissions guidance.By Norton Rose Fulbright
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S3 | E22: Mind The Gap (PT3): How a Playbook Minimizes Execution Risk
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27:12In this episode of The Banking on Data Podcast, Ed Vincent welcomes back Craig Hartman, founder and CEO of Plansmith, along with Christine Lake, Plansmith’s Chief Strategy Officer. This was part 3 of a larger series around "Execution Risk" with the Plansmith team and a natural progression from prior episodes, where we addressed the definition and m…
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Direct lending CLOs, the sterling edition
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21:19Earlier in June, Ares priced its first direct lending CLO, the second of its kind of Europe, but with a twist — it is priced in sterling. The last 12 months have been a busy time for the private credit giant, as they also completed a €30bn fundraise in Europe and opened a new office in Milan. In this episode of Cloud 9fin, senior private credit rep…
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S3 | E21: Mind the Gap (PT2): Mitigating Execution Risk
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18:35In Part 2 of our Banking on Data podcast series with our partners at Plansmith, Edward Vincent welcomed back Craig Hartman, Chairman and CEO of Plansmith, to explore a question that resonates with every financial leader: Once you’ve identified execution risk, how do you actually reduce it? Craig’s decades of experience helping banks and credit unio…
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Keith Martin, Norton Rose Fulbright partner, joins us to break down the Big Beautiful Bill and how it will affect renewable energy tax credits.By Norton Rose Fulbright
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Megan Pillsbury, CEO of Dunya Analytics, joins us to discuss how businesses can identify and manage environmental-related risks using scalable, science-based tools.By Norton Rose Fulbright
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S3 | E20: Mind The Gap (PT1) What Does Execution Risk Really Mean For Banks?
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27:28In this Banking on Data podcast, host Edward Vincent invited Craig Hartman, the Chairman and CEO of Plansmith, on to the show for a compelling three-part series on a topic central to every financial institution’s success: Execution Risk. This first episode lays the groundwork, exploring what execution risk is, why it matters to all banks, and how i…
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Jane's LME Addiction - Jennifer Selendy knows when to hold 'em
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23:13In this episode of Jane’s LME Addiction, our head of LME coverage Jane Komsky brings in founding partner of Selendy Gay, Jennifer Selendy, to discuss LME litigation. They discuss the perspective of excluded lenders, when it makes sense to hold out, and why we have yet to find any certainty on the validity of specific LME tactics and debt document l…
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