Peter Clerc
Peter has nearly two decades of experience in the derivatives business and related capital markets. He advises issuers on capital structure optimization, risk management strategy, derivative execution, and public and private debt pricing, with a focus on state and local governments, state housing finance agencies, other municipal entities, not-for-profit healthcare and higher education, and select corporations and real estate owners. He leads Evercrest's governmental and housing finance agency coverage, drawn in particular to housing work that funds first-time and lower-income homebuyers.
Before co-founding Evercrest, Peter was a Managing Director at Swap Financial Group, which he joined in 2016, advising issuers on debt and derivatives of every size, from some of the largest and most complex issuers in the country to organizations executing their first swap. Earlier he spent nearly eight years at Goldman Sachs, joining in 2008 as the financial crisis was unfolding and rising to Vice President leading interest rate derivatives coverage for the Public Sector and Infrastructure Group, where he helped structure and price more than 400 transactions totaling over $15 billion in notional. That dealer-side experience, including watching modern derivative pricing and Dodd-Frank capital rules take shape, is the foundation of his advisory work today, applied solely for the benefit of the issuer. The Bond Buyer recognized him for his work in public finance in 2019.
Peter holds a B.S.B.A. in Finance from Northeastern University and is a registered Municipal Advisor, having passed the MSRB Series 50 and Series 54 exams. He is also an associated person of the firm's CFTC-registered Commodity Trading Advisor. He served on working groups of the Alternative Reference Rates Committee (ARRC), convened by the New York Federal Reserve, which oversaw the market's transition from US-dollar LIBOR to SOFR.
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