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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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Albacore and Muzinich latest to launch funds -
Direct lenders poised to take advantage of any slump in issuance
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Private credit firm developed its own model and methodology
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Savings and commercial bank investors are not sensitive to monetary tightening
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Issuer’s first full scale deal reaches €1bn at tight spreads
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HSBC Private Wealth, Julius Bär, Lombard Odier and Pictet Group look to move into the asset class
