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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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Manager sets hard cap of $750m for fundraise -
Bridge loan expected to be refinanced, but target market not clear yet
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Company in unusual sector will call on debt markets if deal goes through
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Three managing directors make partner
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Dry powder in European direct lending may be at an all-time high
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