9fin

9fin — One of the two large structured covenant corpora in the leveraged finance market, plus a fast-expanding private-credit layer. The core asset is a searchable, field-level database built by AI-extracting and structuring covenants and financials across thousands of offering memoranda and covenant agreements, so covenant terms become comparable and filterable rather than locked in PDFs. Around it sit four more distinct assets: (1) BDC portfolio visibility spanning 150+ business development companies, giving a private-company credit window that public-market data cannot reach; (2) a distres…

9fin offers (Alternative, Fundamental, Sentiment, Reference) — Thousands of offering memoranda and covenant agreements structurally parsed into field-level covenant records; BDC portfolio data covering 150+ issuers on a recurring basis; continuous earnings-call transcription across covered credit names; a continuously updated distressed and restructuring tracker; plus CLO holdings and documentary data. The covenant field-level table is the scarce artifact — likely millions of extracted term instances across deals and vintages, though no record count is published.

Training legal-prose-to-structured-extraction models on financial contracts (this is the benchmark-quality corpus in that domain and there is no public equivalent); covenant-structure research — which covenant packages actually predict recovery and default severity; distressed-debt and default-prediction models using the restructuring and liability-management event series; CLO surveillance and collateral-quality analytics; private-credit and BDC portfolio benchmarking and NAV-verification work; leveraged-loan pricing and spread models conditioned on covenant quality; RLHF and evaluation sets for financial LLM agents, since term extraction has verifiable ground truth; underwriting-model validation against actual executed covenant terms rather than templates

Coverage spans US, UK; Financial Exchanges & Data; alternative, fundamental, sentiment, reference; fixed_income, equities, loans, structured_products.