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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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Firm has added to its London team with seventh partner hire this year -
Banker had worked at DB for 14 years
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Europe must get to grips with ballooning non-bank financial system
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Banks see opportunities in supporting direct lenders' ESG loan initiatives
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Private credit investors say market is back on track after tariff shock of second quarter
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