Proskauer appoints finance partner

Proskauer has appointed Paul Tannenbaum as a partner in its finance group.

Prior to this, Tannenbaum spent five years at Mayer Brown as partner.

He also has experience from various legal roles at Fried Frank, Hogan Lovells, Lloyds Banking Group and SJ Berwin.

During his career, he has developed experience acting for lenders, borrowers and financial institutions on fund financing transactions.

Practices in Tannenbaum’s remit include traditional subscription lines, hybrid facilities, NAV facilities, credit fund asset leverage facilities, GP support facilities, loans to separate accounts and fund-of-fund financings.

“Paul’s expertise and knowledge of the global funds finance market and his experience representing borrowers and lenders make him an exciting addition to our team,” commented Nigel van Zyl, partner and co-head of the private funds group at Proskauer. “As innovation and growth in the funds finance market continue at a rapid rate, Paul will be a further invaluable resource to our asset management clients across the board.”