Sheel's arrival marks firm's continued growth of Private Credit practice and New York office
New York, October 31, 2024 – Mayer Brown
announced today that prominent private credit lawyer Sheel Patel
has joined the firm as a partner, where he will serve as head of
the Private Credit practice in New York. Sheel joins from King
& Spalding, where he was a key partner in its Private Credit
and Special Situations group. In his new role, Sheel will oversee
Mayer Brown's New York private credit offering while also
playing a crucial role in the firm's overall leveraged lending
practice.
Sheel has over 15 years of experience working on complex and
bespoke financing transactions up and down the capital stack. He
has a robust practice representing some of the world's largest
private credit funds and financial institutions on cutting-edge
leveraged finance transactions, asset-based lending, mezzanine
lending, preferred equity investments, event-driven and
opportunistic financing transactions, as well as special
situations, workouts, restructurings, and insolvency matters.
"In addition to its world class leveraged finance and private
credit practices, Mayer Brown's deep global expertise in
structured finance, asset-based lending, insurance, and asset
management was a major draw for me," said Sheel. "Private
credit clients over the last several years have expanded the types
of transactions they will finance, and Mayer Brown's unmatched
expertise in these areas will be a huge asset for my clients. This
is where the private credit market is heading, and Mayer Brown is
hands-down a leader in the space."
"We are thrilled to welcome Sheel to our team," said Matt
O'Meara, the global leader of Mayer Brown's Private Credit
practice. "The addition of Sheel as the head of our New York
Private Credit practice further solidifies Mayer Brown's
position as a preeminent player in private credit. His extensive
experience and deep understanding of the private credit market will
significantly enhance our capabilities and further strengthen our
commitment to providing exceptional service to our clients in New
York and all over the globe."
"Sheel has developed a significant following among blue chip
private credit funds in New York, making him the perfect fit to
bolster our market-leading leveraged finance and private credit
platform globally," added Matthew Ingber, managing partner of
Mayer Brown's New York office. "His hire, coupled with our
other recent arrivals, reinforces Mayer Brown's reputation as
the top destination for our clients' most sophisticated and
complex finance transactions."
This strategic addition enhances Mayer Brown's large global
private credit team. Sheel is the fourth partner to recently join
the firm's market-leading Leveraged Finance and Private Credit
practices in New York, following Blaise Latella, Jason Friedman, and Ben Snyder.
"We're excited about the recent additions of these highly
talented partners to our preeminent finance team here in New
York," said Scott Zemser, global leader of Mayer Brown's
Leveraged Finance Practice. "We expect private credit and
leveraged lending to continue to be very active components of the
US and global financing systems. Our market-leading practice will
continue to evolve and grow, particularly as large asset managers
diversify their offerings in private credit."
About Mayer Brown's Private Credit
practice
Mayer Brown's Private Credit practice has formally been in
place since 2018 and comprises experienced lawyers across major
financial centers, including London, Paris, Frankfurt, Chicago, and
New York.
The firm's private credit team has a distinguished reputation
for providing comprehensive legal services that address the
complexities of private credit transactions, ensuring clients
receive innovative and effective solutions tailored to their unique
needs. Additionally, with the trend of asset managers seeing
increasing insurance company investor appetite in private credit
funds, Mayer Brown's additions to the private credit team
supplements the deep knowledge of its Funds & Investment
Management and Insurance Industry teams.