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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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Marco Sedlmayr has joined the firm in its Munich office -
Private credit forced to restate case in a world of high interest rates
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Nine fundraising professionals leave amid restructuring of offering
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Direct lending vehicle will provide loans of €10m-€20m to companies in the German speaking, Nordic and Benelux regions
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Deals in short supply as issuers fight shy of high interest rates
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Sixt and Encavis increase deals after high orders
