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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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Issuance set to beat even high predictions, but bond market is recovering -
US firm has pivoted to bigger deals and new origination structure
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CVC and AlbaCore fund closes not representative as direct lenders are struggling to attract money
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Fund-of-funds adds second principal in four months with Muzinich director
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Credit manager looking to raise €4bn, source says
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Size is an advantage in troubled times
