Proskauer announced today that its first-in-kind Multi-Tranche Finance Group has changed its name to The Private Credit Group as they release their annual, proprietary deal data report at an exclusive event for their private credit clients.

"The breadth and depth of our practice was not necessarily being reflected in our current practice name. It was time for a change. Our clients provide comprehensive private credit solutions across the market, and we believe that our name should be aligned with what they do and what we do," says Steve Ellis, co-head of The Private Credit Group.

Proskauer represents the largest number of private credit providers in the market and has advised on over 150 transactions each of the past three years. The re-named Private Credit Group is widely regarded as a pioneer in the industry, developing new and innovative products such as the upside-down unitranche and synthetic mezzanine. The firm was also the first to migrate the bifurcated unitranche structure into the European market.