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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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Office will be led by head of client relations Jan Albers -
17Capital was a pioneer in NAV-based lending
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Spitzkopf was responsible for coverage of the DACH region at Hermes
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Measurement of specific categories makes up 56% of ratings divergence
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Some borrowers waiting for tighter spreads before diving into the long end
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Marlin's Heimdal will invest financing in further growth
