Dechert boosts private credit expertise with new hire
Dechert has hired Eliot L. Relles as a partner in its corporate and securities practice group, to boost the law firm’s capabilities in leveraged finance and private credit.
Relles (pictured), who served as the co-head of a New York-based law firm’s finance group, has over 25 years of experience in representing mainly middle market focused financing sources, including numerous prominent non-bank private lenders.
His areas of expertise include acquisition financing, leveraged lending, structured financial arrangements, asset-based lending, work-outs, restructurings and debtor-in-possession loans.
Read more: White & Case bolsters debt finance expertise with new hire in London
In his new role at Dechert, he will be based in New York.
“Eliot’s arrival marks a major milestone in the expansion of our firm’s offerings across all aspects of global finance,” said Mark Thierfelder, co-chair of Dechert.
“His contribution not only enhances our alternative asset management and private credit expertise but catalyzes the ongoing expansion of the firm at large. Eliot’s addition is a clear testament to our strategic growth in this area, cementing Dechert as a one-stop-shop for asset managers and the bespoke legal solutions they require.”
Read more: Latham & Watkins appoints two new partners to private credit business
Jay Alicandri, co-chair of Dechert’s corporate and securities practice, added: “We are delighted to welcome Eliot to the firm. His lender-side private credit work aligns perfectly with our vision to bolster our leveraged finance capabilities. His vast experience and unique skill set will undoubtedly bring a fresh perspective to our team.”
This move follows the appointment of financial services lawyer Cynthia Beyea, who recently joined Dechert as partner in the firm’s Washington D.C. office.
Read more: Goodwin hires credit fund expert in London
