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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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- Sergiy Nikolaychuk of Ukraine’s central bank offers an in-depth look at the country’s economy in wartime - Can the good times last in the primary bond market? - Real estate looks for refi rehab and direct lenders end up as owners -
Stress will force managers to evaluate workout strategies including debt-to-equity swaps
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Though the macroeconomic picture makes grim viewing for many businesses, conditions could prove ideal for alternative strategies in private debt
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Fund raised $11.7bn of equity commitments with additional $3.5bn in expected leverage
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Vehicle closes later than planned but above target
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Manager appoints global and North American heads of investor solutions and capital raising
