|
Donahue, who previously served as vice chairman of capital
markets at JPMorgan Chase & Co, will help lead the boutique
investment bank's private credit business. He holds a bachelor's
degree and Juris Doctor from Fordham University.
"Private credit markets have seen tremendous growth over the
past few years, and we see a significant opportunity to build
out our coverage," said Peter Orszag, Chief Executive Officer of
financial advisory at Lazard.
"With the addition of Tim, who has deep experience advising
C-suite executives and investors in private credit markets, we
are augmenting our strong bench of talent."
Private credit - which encompasses loans or financing made by
non-bank institutions - has grown rapidly in the past decade as
traditional banks faced increased regulatory restrictions on
their lending, particularly to non-investment grade borrowers.
Private credit assets have more than doubled to over $1 trillion
since 2015, according to data provider Preqin.
(Reporting by Lananh Nguyen; additional reporting by Chibuike
Oguh; Editing by Louise Heavens)
[© 2022 Thomson Reuters. All rights
reserved.]
This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|
|
