In this episode of The Credit Bubble, I sit down with Aznaur Midov to explore his career progression from institutional banking to independent entrepreneurship. Aznaur shares how his experience across venture banking, leveraged lending, and private credit shaped his views on underwriting, risk, and market cycles—and how that experience ultimately led him to build Debt Serious and launch Kior Lior, a business providing outsourced underwriting and portfolio management for private credit investors. We also discuss the role of content as distribution, the growing complexity of co-investing, and what it really takes to turn domain expertise into a durable business.
Profiles in Credit
Every credit market has its own underwriting logic. What counts as collateral. What advance rate is defensible. Where there's room to negotiate and where there isn't. The answers look nothing alike across equipment finance, fund finance, or venture debt. Each episode, Derek Brunelle sits down with a specialist in one of them and works through how deals in that market really get done. For anyone raising debt capital, it's a look at how the person across the table is thinking before you're ever in the room.
Every credit market has its own underwriting logic. What counts as collateral. What advance rate is defensible. Where there's room to negotiate and where there isn't. The answers look nothing alike across equipment finance, fund finance, or venture debt. Each episode, Derek Brunelle sits down with a specialist in one of them and works through how deals in that market really get done. For anyone raising debt capital, it's a look at how the person across the table is thinking before you're ever in the room.Listen on
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