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A slow destruction of misallocated investment is more likely than a sudden stop
Investors confident software fears are overblown
Issuer could step up pace of deals
German promissory notes come into their own in times of stress
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Big deal joins light supply in January -
Record fundraising in 2025 has left private lenders fighting for deals
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Long seen as adversaries, banks and private credit lenders are getting used to working together
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Fahy will also lead asset-based finance origination
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Direct lending default rates tick higher amid notable distressed situations
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A Swiss borrower and Austria's Egger are in the market
