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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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Fewer new deals are pulling lenders' attention back to existing companies -
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Voting now open to decide the market’s leading deals and institutions
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Private credit has carved a big role, but banks are hoping to get in
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Alternative sources of funding are offering competitive pricing
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Banks, infrastructure, urban development and the energy transition all areas of focus
