Houlihan Lokey Adds Deutsche Bank Vet For Hedge Fund, P.E. Coverage

Oct 20 2010 | 2:39am ET

Houlihan Lokey has hired a Deutsche Bank executive to cover hedge funds and private equity firms at the boutique investment bank.

Jake Foley was named a managing director at Houlihan Lokey’s financial sponsors coverage group. Foley’s remit includes large-capitalization hedge funds, p.e. firms and other select asset management companies.

“As our business evolves, we continue to expand our coverage capabilities and enhance our focus on providing both idea-driven and capital-markets focused advice,” John Mavredakis, head of the firm’s financial sponsors coverage group, said. “Jake will bring his broad leadership experience in transaction development and leveraged finance to the service of some of the leading private equity and hedge funds in the world.”

Foley was most recently head of transaction origination at Deutsche Bank. He has previously covered high-yield bonds and distressed debt at Banc of America Securities and Morgan Stanley.

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