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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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Sustainability-linked structures are under pressure across asset classes -
Lenders are slowly beginning to claw back some safeguards, but many doubt they will get far
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Fundraising challenges may mean limited partners in private debt funds can get a discount but they should proceed with caution
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Fund is latest in a series of distressed and opportunistic vehicles
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The private credit manager hired FIBR's Oren Bass to head origination for the vehicle
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Private lender intends to replace Germany co-head Jennifer Kröhl with new hire
