Kramer Levin creates private credit legal practice
Law firm Kramer Levin has launched a new multidisciplinary private credit practice.
The New York based firm said that the Kramer Levin Private Credit practice will bring together its existing practices and lawyers that focus on working with nonbank borrowers and lenders, including credit fund sponsors, hedge and private equity funds, investors, and loan originators of all varieties.
The business aims to provide its clients with comprehensive support for the private credit sector as it soars in popularity.
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“This client-focused collaboration brings together long-standing strengths of the firm to ensure that we can be integrally involved in supporting our clients to maximize their opportunities in this complex and evolving market,” said Kramer Levin’s co-managing partner Howard T. Spilko.
The firm’s other co-managing partner Paul H. Schoeman, added: “Our approach blends the agility of boutique firms with the depth of experience found in larger institutions, ensuring our clients receive tailored guidance that meets their unique needs and leverages our collective knowledge.”
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The private credit practice will be led by David Berg, who specialises in securitisations and structured finance; and Yasho Lahiri, the firm’s private funds chair.
The practice was established in response to the growth of Kramer Levin’s special situations group last year. The company recently expanded its special situations team with the appointment of a new partner, Robert Stewart.
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