Lawyers
Paul, Weiss corporate partners Eric Wedel and Joe Glatt were quoted in an Octus article analyzing private credit activity in the first half of 2025. The article, published on July 25, notes that although market volatility dampened M&A activity from January through June, there are signs that the coming months could be better for dealmaking.
“If a sponsor can map out whether debt will be cheaper in the foreseeable future, it is more likely to put money to work,” says Eric, global co-chair of Paul, Weiss’s Finance and Capital Markets Group. “Dealmaking is stirred when you see the reference rate come down so sponsors can sell assets again.”
The article also discusses the rising importance of private credit, highlighting recent partnerships between private equity firms and banks, such as the $25 billion partnership between a Citigroup subsidiary and certain Apollo affiliates. Paul, Weiss advised Apollo on that deal.
“The Apollo-Citi partnership has created the precedent and the form for others to follow,” says Joe, co-chair of Paul, Weiss’s Private Credit Group. “I think that banks are in many ways playing catch-up, and the way banks are expressing their view in private credit is through some of these partnerships.”
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