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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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European private debt managers optimistic over fundraising rebound in 2023, though pipeline will require M&A rebound -
Manager is expected to start raising its largest European direct lending fund in early 2023
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Wienerberger's Terreal acquisition to be part funded by new debt, while Investcorp's Eficode may use debt for bolt-ons
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Successor to €1.27bn Apera Private Debt Fund II is expected to be larger
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Unrated SNCF-owned public transport group debuts with €100m sustainability-linked deal
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Milan-based manager hires Triton's Astori as private debt investor
