Evan Palenschat > Proskauer Rose LLP > Chicago, United States > Lawyer Profile
Proskauer Rose LLP Offices
THREE FIRST NATIONAL PLAZA
70 WEST MADISON, SUITE 3800
CHICAGO IL 60602-4342
ILLINOIS
United States
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Evan Palenschat
Work Department
Private Credit
Position
Evan Palenschat advises clients on private credit and special situations investing, with a particular focus on debt financings and specifically in the area of leveraged finance.
Evan has extensive experience advising private credit funds, financial institutions, private equity funds, hedge funds and public and private companies/borrowers/issuers, as well as alternative lending institutions. His practice involves all aspects of corporate transactional work and he also assists his clients in work-outs and other downside scenarios. Evan has represented his clients on countless transactions that include senior, second lien and subordinated financings, asset-based loans, work-outs, restructurings and bridge and mezzanine financings.
Evan received his J.D. from Columbia University School of Law and also received an M.B.A. from the University of Illinois.
Lawyer Rankings
United States > Finance > Commercial lending
Proskauer Rose LLP has a strong lender-side track record, having developed a reputation as a prolific counsel to direct lenders predominantly in the middle-market. Private credit clients such as Ares Capital and The Carlyle Group frequently turn to the firm for its advice on secured credit facilities and investment fund financings. The firm’s ability to handle novel and complex work remains a key strength, with partners regularly negotiating mezzanine and unitranche facilities; additionally, the team has worked on a number of complex preferred equity financings this year. All partners in the team are cross-trained in bankruptcy, enabling the practice to handle restructuring and distressed financing work as well. Boston-based partners Steven Ellis and Stephen Boyko co-head the practice, while Los Angeles-based Sandra Montgomery are also names to note. The firm gained Chicago-based Evan Palenschat from King & Spalding LLP in May 2022 and also welcomed Jonathan DeSantis from Shearman & Sterling LLP into its New York office in October 2022, while parting ways with Vincenzo Lucibello.
Lawyer Rankings
Top Tier Firm Rankings
- Labor and employment > Employee benefits, executive compensation and retirement plans: design
- M&A/corporate and commercial > Venture capital and emerging companies
- Labor and employment > Labor and employment disputes (including collective actions)
- Labor and employment > Labor-management relations
- Intellectual property > Copyright
- M&A/corporate and commercial > M&A: middle-market ($500m-999m)
- Industry focus > Sport
- Labor and employment > Workplace and employment counseling
Firm Rankings
- Media, technology and telecoms > Advertising and marketing: litigation
- Insurance > Advice to policyholders
- Investment fund formation and management > Alternative/hedge funds
- Intellectual property > Copyright
- Labor and employment > Employee benefits, executive compensation and retirement plans: transactional
- Labor and employment > ERISA litigation
- Dispute resolution > General commercial disputes
- Tax > International tax
- Tax > Not-for-profit (nonprofit and tax exempt organizations)
- Investment fund formation and management > Private equity funds (including venture capital)
- Real estate > Real estate
- Real estate > Real estate investment trusts (REITs)
- Tax > US taxes: non-contentious
- Media, technology and telecoms > Cyber law (including data privacy and data protection)
- Labor and employment > Immigration
- Media, technology and telecoms > Media and entertainment: litigation
- Finance > Restructuring (including bankruptcy): corporate
- Antitrust > Civil litigation/class actions: defense
- Dispute resolution > Corporate investigations and white-collar criminal defense
- Environment > Environment: transactional
- Healthcare > Life sciences
- Media, technology and telecoms > Media and entertainment: transactional
- Investment fund formation and management > Mutual/registered/exchange-traded funds
- M&A/corporate and commercial > Private equity buyouts: large deals ($500m+)
- Dispute resolution > Product liability, mass tort and class action - defense: consumer products (including tobacco)
- Dispute resolution > Securities litigation: defense
- Healthcare > Service providers
- Media, technology and telecoms > Technology transactions
- Intellectual property > Trade secrets (litigation and non-contentious matters)
- Intellectual property > Trademarks: litigation
- M&A/corporate and commercial > M&A: large deals ($1bn+)
- Dispute resolution > Leading trial lawyers
- Dispute resolution > Appellate: courts of appeals / Appellate: supreme courts (states and federal)
- Finance > Commercial lending