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Direct lending default rates tick higher amid notable distressed situations
A Swiss borrower has already closed books and Austria's Egger will soon
Banks accept some deals will bypass them — others they can intermediate
Lenders see greater demand for direct lending as slew of Covid refinancings mature
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Local bank liquidity is crowding out private lenders
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Best deals, banks, investors, advisers, law firms and tech providers of 2025
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2025's best deals, banks, investors, advisers and law firms