Shubham Saharan

In this engaging discussion, private credit reporter Peter Benson and senior reporter Shubham Saharan dive into the rising interest of hedge funds in the private credit market, attracted by potential higher returns. They unpack the challenges hedge funds face in this competitive landscape, including skepticism from investors and tough fundraising conditions. The conversation also highlights the contrast between hedge funds and traditional private credit players, exploring the evolving dynamics and promising opportunities in this financial arena.

Shubham Saharan, a reporter in 9fin's private credit team, dives into the controversial practice of law firm DQ provisions, focusing on how sponsors are targeting particular firms. He discusses the mixed reactions within the market and dissect the ethical implications of restricting counsel choice. Shubham explains different DQ language iterations and raises concerns about potential loopholes, all while exploring whether these provisions truly give sponsors leverage or if law firms will find ways to adapt.

This discussion features Shubham Saharan, a senior reporter focused on private credit, and David Brooke, the US private credit editor with extensive expertise in the field. They delve into the rising prominence of synthetic PIKs in a high-interest-rate environment. The duo unpacks the flexibility and unique risks of these financial tools, their implications for borrowers and lenders, and the importance of clear reporting standards. Listeners will gain insights on whether synthetic PIKs are fleeting trends or here to stay in private credit markets.