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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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UK social housing will be squeezed between ethical and financial imperatives -
Private lenders have seized their chance
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Buy-side firm allocates capital to private credit managers across a range of strategies
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At least 14 lenders join to make £3.5bn of loans
