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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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Private market tone cools as bond market goes on steroids -
Burgeoning asset class could provide much needed liquidity to investors struggling with denominator effect
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New recruit Hay left his role at Abrdn three months ago after more than 20 years with the firm
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Firm adds former Barclays director as part of UK expansion
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Suhail Shaikh joins as co-head of private credit, bringing three Alcentra pros with him
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Fund targets €400m for energy transition deals from €20m to €50m
