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Industry Updates

Proskauer expands private credit practice

Thursday, August 28, 2025
Opalesque Industry Update - Proskauer has added Jon Burke as a partner in its Structured Credit practice. Jon brings extensive experience in collateralized loan obligations (CLOs) at a time of continued growth and momentum.

Jon represents asset managers, issuers, banks, underwriters, and investors in CLO transactions and other complex structured finance deals, including collateralized fund obligations (CFOs) and asset-backed financing (ABF) transactions. He has guided clients on inaugural and repeat CLO and CFO issuances, including transactions that have set benchmarks in the market, and has broad experience representing investors across in ABF transactions and various other esoteric asset classes, including life settlements, structured settlements, brokerage commissions, wage advances, and medical receivables.

"Jon's arrival is another clear step forward in our strategy to build an elite, versatile Global Finance platform. Our clients are innovating quickly in CLOs and structured credit, and his expertise enhances our ability to deliver integrated, bespoke solutions. This is the kind of forward-looking talent that ensures we stay ahead of the market," said Firm Chairman, Tim Mungovan.

"We are expanding across all areas of finance, and Jon's reputation in the CLO and structured credit space makes him a perfect fit. The market is evolving toward more bespoke and complex financings, and Jon brings the expertise our clients need to navigate that shift. His arrival strengthens our structured finance offerings and ensures we are positioned to stay ahead of this changing market," said Global Finance co-head, Justin Breen.

"I am excited to join Proskauer at a time of dynamic growth in the Structured Credit practice. The Firm's integrated approach across funds and finance is unique, and I look forward to helping clients navigate an evolving market alongside this talented team," said Jon.

Jon's arrival follows a series of strategic partner hires in both the U.S. and London. With the addition of partners Blake Gilson and Larry Berkovich and senior counsel Casey Miller in the US, Proskauer is positioning itself as a market leader in CLOs and structured credit. Over the past year, the Firm has added more than a dozen Global Finance partners worldwide, deepening its capabilities across leveraged finance, private credit, fund finance and structured finance.

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