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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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Pictet latest private bank to move into direct lending -
Diversification ranked high in LP priorities at conference
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More diverse and more ESG-linked offerings, managers say
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Original loan of €132.5m likely to be converted into equity
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Natixis-owned private debt house builds CLO, liquid debt capacity as it opens Paris office
