Our Team
Peter Clerc
Co-Founder and Managing Director
Peter has over 15 years of experience in the derivatives business and related capital markets. Peter advises issuers on capital structure optimization, risk management strategy, derivative execution, and public/private debt pricing. His client focus is on state and local governments, State Housing Finance Agencies, other municipal entities, not-for-profit healthcare, higher education, and certain corporations and real estate developers/owners.
Prior to co-founding Evercrest, Peter was a Managing Director at Swap Financial Group, having started there in 2016. At SFG, Peter advised issuers on debt and derivatives that were both large and small, from some of the largest and most complex issuers in the country to small organizations that never executed a swap previously. Before SFG, Peter spent 8 years at Goldman Sachs and headed the Public Sector and Infrastructure Group’s derivative desk as a Vice President. In this prior role, he helped execute over 400 transactions that totaled over $15 billion of notional amount in a wide range of interest rate product types, including basis swaps, inflation swaps, knock-outs, swaptions, and constant maturity swaps, among more vanilla structures. While at Goldman, Peter was present for the development and implementation of many of the nuanced concepts now standard in the derivatives industry, including credit/funding valuation adjustments, Dodd-Frank capital implications, and collateral-impacted discounting methodologies.
Peter received a B.S.B.A with a concentration in Finance from Northeastern University, and is a registered Municipal Advisor, having completed the Municipal Securities Rulemaking Board (MSRB) Series 50 exam for Municipal Advisor Representative and Series 54 exam for Municipal Advisor Principals. He has served as a member of certain working groups of the Alternative Rates Reference Committee, convened by the New York Federal Reserve to help ensure a successful market transition from US-Dollar LIBOR to a more robust reference rate (the Secured Overnight Financing Rate, “SOFR”).
Jim Murphy
Co-Founder and Managing Director
Jim has assisted hundreds of borrowers on their hedging needs for over 20 years, having successfully closed over 1,500 hedging transactions totaling approximately $50 billion in notional amount. Prior to founding Evercrest, Jim had a long and successful tenure as a Managing Director at Swap Financial Group - one of the first dedicated derivative advisory firms in the country.
Based in the New York metro area, Jim assists a broad range of clients across the country, which includes corporate, real estate, non-profit 501(c)3 organizations, and municipal entities. Real estate clients include developers and investors of conventional and affordable multifamily housing, as well as senior living, student housing, office, retail, and industrial properties.
Jim has expertise with all types of interest rate derivative products including swaps, caps, floors, swaptions, collars, and corridors; as well as commodity hedges for diesel (ULSD), gasoline (RBOB), and natural gas.
Jim is a registered Municipal Advisor, having completed the Municipal Securities Rulemaking Board (MSRB) Series 50 exam. Jim holds a BA degree with a concentration in Economics from Princeton University.
Will MacPherson
Managing Director
Will has worked on both the sell and buy sides of the municipal industry for more than 18 years. Over the course of his career, he has developed expertise as an underwriter, financial advisor, derivatives specialist, banker, technology entrepreneur, product executive, and feasibility engineer.
Will joined Evercrest in 2022, bringing almost a decade of underwriting experience from his time at Goldman Sachs. On Goldman's syndicate desk he priced over $75bn in debt across all sectors, sizes and offering types in the municipal industry, and before that spent time in their derivatives and investment banking business.
In 2015, Will launched VMG Ventures, the only dedicated municipal financial technology firm in the market dedicated to advancing bond pricing methods, data transparency and operational efficiency. In this capacity, Will led Ipreo’s municipal bookrunning business while designing and building new and innovative products for the market, including the award-winning issuer platform Gameday and a new primary system for the institutional buyside electronifying the bond offering process and increasing transactional order flow. At VMG, Will continues to push innovation in the capital markets working closely with market practitioners, vendors and startups alike.
Will began his career with the engineering-consulting firm Becon Corp., where he helped to determine financing feasibility for large-scale industrial-waste projects. Will holds a B.A. in Mathematics & Computer Science from Colby College and a B.E. & Master of Engineering Management from Dartmouth College. Will is a registered Municipal Advisor, having completed the MSRB’s Series 50 exam.