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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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Firm sees Germany as growth area
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Several sponsor-backed M&A deals have been launched
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One off opportunity to acquire a European direct lender at a discount
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Opportunities to buy platforms few and far between
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Ex-BlackRock staffer the latest to quit credit specialist