EF Hutton Set for Another Revival, This Time in Private Credit

One of Wall Street’s most storied names is set to be revived yet again, this time as a private credit specialist.

The EF Hutton name, which once graced one of the nation’s largest retail brokerages, was more recently used by a leading investment bank for blank-check firms that subsequently broke apart amid a bitter leadership feud. The latest incarnation will focus on the latest hot area of finance, Chief Executive Officer Joseph Rallo said Wednesday.

Private credit, in which large investment funds loan money directly to borrowers, typically allowing them to bypass banks, has become a huge portion of the ...