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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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Development continues the trend of direct lenders staffing up in Germany -
Value in private credit is created by the staff
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Direct lenders take different approaches to implementing ESG-linked facilities
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Franklin Templeton to pay $350m in cash up front
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France has historically been a larger sponsored-unitranche market
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JP Morgan has launched a big initiative to cross-sell corporate finance products to its commercial banking clients in Europe. Global rivals are following suit. By David Rothnie
