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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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The €300m deal was doubled from €150m target -
FSI aims to benefit from consolidation trend in asset allocation
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ACO II to close at the end of the month after reaching hard cap of €2.75bn
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New hire replaces Hamza Filali who left CVC for Morgan Stanley
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MUFG subsidiary becomes the latest to enter the asset class by acquisition
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Silicon Valley Bank's failure is a blow to growth and venture debt ecosystem but participants think it can bounce back
