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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
Fahy will also lead asset-based finance origination
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 -
Banks accept some deals will bypass them — others they can intermediate
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Lenders see greater demand for direct lending as slew of Covid refinancings mature
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Asset manager's AUM could grow $20bn in 10 years
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Hire in line with firm’s commitment to sustainability
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◆ Simplification plans boggle banking boffins ◆ Hungry, hungry hyperscalers to push utilities into bond market ◆ A loan in the sand: private credit jostles for place in Middle East debt markets
