US law firm Seward & Kissel has launched a private credit practice, which will be based within the firm’s existing corporate finance practice, to handle its growing work within the $1.6tn private credit asset class.
Seward & Kissel’s new practice will continue the firm’s work for lenders and other parties in various industries using direct lending for acquisitions, working capital, rescue financing and other needs.
In a press statement, Kevin Neubauer, a Partner who co-leads the investment management group at Seward & Kissel, said: “Economic and regulatory factors have attracted a variety of asset managers and investors to the benefits of private credit in recent years, including those who have traditionally focused on equity investments.
“We are uniquely positioned to serve all participants in the growing private credit markets, supporting them in connection with fund formation, structuring and negotiating a variety of loan and other financing transactions, as well as implementing their exit strategies.”
Sophia Agathis, a Partner within the corporate finance group at Seward & Kissel, added: “We regularly execute private credit transactions across various industries from food delivery services to medical staffing.
This group formalises our commitment to the private credit space and concentrates our knowledge in one interdisciplinary group for the benefit of asset managers, borrowers, and others involved in private credit transactions.”
Seward & Kissel was founded in 1890 and maintains offices in New York and Washington, DC.
