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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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New investors set to join through private placements in 2024 -
Opportunities abound in private credit, but there’s a mismatch between funds raised and deal availability
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Stelios Elia leaves BC Partners for ICG to hunt in key European markets
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Traditional finance turns its back on the sector as mass ratings downgrades loom
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Uncertain markets are making companies hasten to finish borrowing for the year
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Rift between buyers and sellers on asset prices shows no signs of healing
