Evercore related stories
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Evercore appoints Asia senior advisorSoutheast Asian banking veteran Stephen CuUnjieng will advise New York-based Evercore, which is raising a $500m private equity fund with China’s CITIC Securities.
- JPMorgan pro strikes out on his own
Kevin Carney, a former executive director in JPMorgan’s Infrastructure Advisory team in New York, is among the growing number of infrastructure investment bankers leaving the bulge bracket to pursue advisory activity on a more retail level. He started his own firm, Infrastructure Capital Advisors, in February.
- CITIC Securities teams with Evercore to target China
The Chinese brokerage house and the US boutique investment bank are teaming up as CSI Partners to raise $500m for a China-focused growth capital fund. Former Bear Stearns Asia chairman Donald Tang will lead the firm, which will also advise on cross-border M&A.
- Evercore hires former Perseus director as it raises $1bn
Ray Newton has joined the publicly listed investment firm’s private equity unit. The addition allows Evercore to ‘promptly begin to raise [its] third private equity fund'.
- Evercore, Stone Point seed vehicle targeting alternatives firms
HighView Investment Group, led by former BlackRock co-founder Ralph Schlosstein, has garnered $600m in commitments to target minority interests in independent alternative asset managers.
- Evercore to receive $270m from Japanese bank
The New York-headquartered boutique asset manager, currently raising $1bn for its third mid-market fund, will sell to Mizuho Corporate Bank $120m in debt and warrants while collecting up to $150m across its funds.
- Evercore finds liquidity in the secondary market
Direct secondary investment firm Accretive Exit Capital Partners has closed its HarbourVest-backed debut fund on $125m and paid Evercore Capital Partners $110m for stakes in five assets. With its debut fund nearly fully deployed, Accretive will soon head to market with a fund targeting $300m to $400m.
- Evercore snags former Bear Stearns restructuring head
Daniel Celentano has joined the boutique investment bank and mid-market private equity firm as senior managing director.
- Tudor snags Bear Stearns distressed team
The exodus from the beleaguered investment bank continues as Tudor Investment, whose funds include venture and hedge, has tapped Bear veterans Gregory Hanley and Alan Mintz to co-head its credit strategies unit.
- Evercore’s Beutner to retire
Austin Beutner, Evercore co-founder and co-CEO, will end his 22-year merchant banking career to focus on recovering from a 2007 bicycle accident.