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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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Appointment follows the departure of Robb McGregor -
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Current general counsel will leave the firm
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The association’s Common Data Dictionary looks to provide a common language for the automation of DCM
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Direct lending group will focus on private equity clients
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Bain first established a European special situations business in 2005
