So it's no wonder that through the past couple of years, working on and around private credit deals has become Wall Street's career du jour.
Private credit is most often floating-rate debt — that is, debt where interest rates rise in concert with rate hikes.
'Unheard of' salaries, while risks abound in the marketIt's worth noting what private credit is: we're talking about debt and loans.
"For most of my career, attracting new attorneys to private credit was a challenge.
Proskauer's private credit group now has 90 lawyers, 24 of whom are partners, working full-time on private credit.
Persons:
that's, Marc Rowan, Marc Lipschultz, Goldman Sachs, Paul Heller, Hannah Robb, Robb, It's, Cliffwater, Heller, Caldwell, Banks, Carlyle, Blackstone, Marco Acerra, Spencer Stuart, it's, Acerra, Richard Fernand, Nicholas Kalogeropoulos, Sam Iles, I've, Mike Mezzacappa, Evan Palenschat, Robert Lewin
Organizations:
Blackstone, Partners, CFA Institute, Columbia Business School, Wall Street, Alpha FMC, Barclays, Goldman
Locations:
New York