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Upper mid-market firms eschew ‘exciting’ stories as cracks emerge in European private credit
Global investors are turning to European private credit
Munich-based company's deal is one of five launched this month
Big deal joins light supply in January
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Record fundraising in 2025 has left private lenders fighting for deals -
Long seen as adversaries, banks and private credit lenders are getting used to working together
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Fahy will also lead asset-based finance origination
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Direct lending default rates tick higher amid notable distressed situations
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A Swiss borrower has already closed books and Austria's Egger will soon
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Banks accept some deals will bypass them — others they can intermediate
