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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
A Swiss borrower has already closed books and Austria's Egger will soon
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Private credit firms and banks have reasons to tango — but Lazard is not a lending bank -
In recent weeks, private credit and direct lenders have brought more certainty to borrowers as capital markets were roiled by tariff chaos
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M&G's hire comes amid the asset manager's push to expand loan origination capabilities in northern Europe
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UK's Mark Capital turns to investment management company for funding
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Ex-Credit Suisse banker joined Ares in 2023
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Daniel Emersleben to focus on Dach clients
