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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 wants to increase origination and improve distribution -
Deal said to be largest of its kind in private credit as a once niche industry continues rise to mainstream
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More companies considered IG could lead to more financing through private markets
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◆ Wendel proves the summer market isn't just for the big boys ◆ Trio of new issues show buoyant market for banks ◆ Private credit's threat to the investment grade bond and loan markets
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Major private credit investors aspire to more as funding from private debt seeks to go mainstream
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Private credit is muscling in on investment grade credit. But the acid test will be whether it can compete on price
