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Direct-lending funds moving in with US$50b where banks fear to tread

London

AS LENDERS watch Italy lurch through a banking crisis with dismay, Symon Drake-Brockman at Pemberton Capital Advisors LLP is readying his chequebook.

The London fund, along with a unit of Bain Capital LP, is among those lining up US$50 billion for leveraged borrowers in

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