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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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Corporate finance adviser was delisted from AIM -
New strategy will target tickets of more than $500m after banks retreat from sponsor-backed LBOs
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Private debt manager will launch two funds aimed at Spanish and UK companies in energy transition
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New hire to oversee global private credit expansion
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Global investment houses managers want to expand into private credit but barriers to entry are high
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Investors have praised fundraising restraint in private debt but now those that abandoned it may enjoy bigger rewards
