Saturday, 20 September 2014
Last updated 14 hours ago
Jun 17 2014 | 8:26am ET
Boutique investment bank Moelis & Co. has lifted out a team of private-equity fundraisers from Greenhill & Co., its first foray into that business.
The hires of Zaid Abdul-Aleem, Dave Brown, Patrick Dunleavy and Christopher Kirsten come just two months after Moelis went public. In addition to fundraising, the group will also seek to assist investors who wish to sell their private-equity investments on the secondary market.
“Launching the private funds advisory business is an important next step in Moelis & Company’s growth strategy, given our very successful financial sponsors franchise and our focus on relationships and independent advice,” CEO Kenneth Moelis said.
Moelis has been mulling a p.e. advisory business since 2007, the CEO said.
For its part, Greenhill named the former chairman of its real-estate p.e. fundraising team, Bill Thompson, its new head of capital advisory.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.