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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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Hard-to-please investors like single-A names, and only on good days -
Asset manager to boost PE efforts
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Departure comes at critical time for the credit manager
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Funds warm to high returns and low risk thanks to diversification
