In its first recruiting move of the year, the Chicago-based company adds a father-and-sons team in Philadelphia led by a 45-year industry veteran.
Raymond James (RJF) readies to enter into the lucrative private credit business through a partnership with Eldridge Industries.
Raymond James will partner with billionaire Todd Boehly's investment firm Eldridge Industries to expand into the $1.7 trillion private credit market, mirroring attempts by other banks. Private credit refers to financing provided by non-bank companies that are not subjected to the same degree of regulation as banks. Such loans are processed quicker and can be an important source of funds for borrowers deemed too risky by traditional lenders.