Perella Weinberg Partners
| Perella Weinberg Partners | |
| Private | |
| Industry | Financial Services |
| Founded | 2006 |
| Founder | Joseph R. Perella Peter Weinberg |
| Headquarters | General Motors Building New York, New York, United States |
|
Key people
|
Robert K. Steel (CEO) |
| Products | Financial Advisory, Asset Management |
| AUM | Approximately $8.6 bn |
|
Number of employees
|
450 (Jan 2015)[1] |
| Website | www.pwpartners.com |
Perella Weinberg Partners L.P. is an independent, privately owned, global financial services firm providing corporate advisory and asset management services to clients around the world. Launched in 2006 by Joseph R. Perella, Peter Weinberg, Terry Meguid and several other partners from financial institutions, the firm is a private partnership with approximately 450 employees.[2] It is headquartered in New York with offices in London, Abu Dhabi, Dubai, Denver, and San Francisco.
Perella Weinberg Partners' Agility Fund was named Outsourced CIO of the Year by Institutional Investor in 2015 and 2014 [3] and by Foundation & Endowment Intelligence in 2013.[4] Perella Weinberg Partners was named European Boutique Financial Adviser of the year at the European M&A Awards 2012 hosted by Financial Times and Mergermarket in December 2012.[5] The company was also named independent adviser of the year in November 2012 at the Investment banking awards 2012 hosted by Financial News.[6]
Contents
History
Perella Weinberg Partners was launched in June 2006.[7]
To help establish the firm’s operations and to seed investment initiatives, Perella Weinberg Partners raised over US $1.2 billion from a group of investors,[8] including leading financial institutions and family investor groups from the Americas, Europe, Japan, and the Middle East.
During its first year of operation, Perella Weinberg Partners established an Advisory Council. The Advisory Council is chaired by William H. Donaldson[9][10] former Chairman of the Securities and Exchange Commission. Its other members include Ibrahim Dabdoub, CEO of the National Bank of Kuwait;[11] Walter Isaacson, President and CEO of the Aspen Institute; and Daniel Yergin, Chairman of IHS Cambridge Energy Research Associates.
Business units
Perella Weinberg Partners has two business units: Corporate Advisory, providing services to decision makers in business and government, and Asset Management, which consists of investment vehicles catering to institutional investors.
Corporate Advisory
Corporate Advisory is divided into practices—Mergers & Acquisitions, Financial Restructuring, Private Capital Raising, Pension Advisory services, and Government Advisory services. The Corporate Advisory Business provides independent advice and transaction execution, including mergers and acquisitions, exclusive sales, defense advisory, financial restructuring, and special committee advisory. The Corporate Advisory group focuses on advising public and private companies, global institutions and investors.
Asset Management
The global asset management business comprises a suite of alternative investment strategies as well as outsourced CIO services.[12][13] Investments made through this business include most major asset classes on a global basis, including equities, fixed income, asset based investments, distressed securities, private investments and real estate. The firm counts pension funds, endowments, foundations, sovereign wealth funds, family offices, high-net-worth individuals and fund of funds as its clients, and, including affiliates, has capital commitments and managed assets of approximately U.S. $8.6 billion as of October 1, 2015.[14]
Partners
Some of the firm’s partners include:
- Joseph R. Perella (former Vice-Chairman at Morgan Stanley and founding partner of Wasserstein Perella & Co.)
- Peter Weinberg (former CEO of Goldman Sachs International)
- Daniel Arbess (founder of Xerion Capital Partners)
- Ivan Seidenberg (former Chief Executive Officer of Verizon Communications)
- David Schiff (former CIO at Broadworth Capital)
- Bruce H. Mendelsohn (former head of restructuring for the Americas at Goldman Sachs)
References
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ http://www.pwpartners.com/media/96109/PWP%20Release%20(3.8.12).pdf
- ↑ http://pwpartners.com/media/143486/PWP%20Agility%20Press%20Release%20(7.1.14).pdf
- ↑ http://pwpartners.com/media/139138/Agility%20Release%20-%20Foundation%20%20Endowment%20Intelligence%20Award%20(FINAL%20-%206%204%2013).pdf
- ↑ http://mergermarketgroup.com/wp-content/uploads/2012/12/FT-mergermarket-Awards-Winners-Press-Release-Private-Equity-2012.pdf?utm_medium=email&utm_source=Remark+-+Mergermarket&utm_campaign=1864874_Press+Release%2C+Private+Equity%3A+European+M%26A+Awards+2012+v2&utm_content=PEPressRelease&dm_i=1D5J,13YY2,8GH57Z,3HD20,1
- ↑ http://www.efinancialnews.com/story/2012-11-26/investment-banking-awards-2012-the-full-list-of-winners
- ↑ Reed, Stanley, “Bringing Banking Back to the Future,” Fortune, June 15, 2006. http://www.businessweek.com/investor/content/jun2006/pi20060615_425857.htm
- ↑ Sorkin, Andrew Ross, “The Pressure of Great Expectations,” The New York Times; April 27, 2007. http://www.nytimes.com/2007/04/27/business/27perella.html?scp=1&sq=pressure%20of%20great%20expectations&st=cse
- ↑ Thomas, Helen, “Donaldson Joins Perella Weinberg,” Financial Times, February 9, 2008. http://ftalphaville.ft.com/blog/tag/perella-weinberg/,
- ↑ “Former SEC Chair Donaldson to Join Perella Weinberg,” The New York Times, February 8, 2007. http://dealbook.blogs.nytimes.com/2007/02/08/former-sec-chair-donaldson-to-join-perella-weinberg/
- ↑ http://pwpartners.com/our-team/professionals/pwp-advisory-council/
- ↑ http://www.institutionalinvestor.com/Popups/PrintArticle.aspx?ArticleID=2855573
- ↑ http://www.pehub.com/684/5-questions-for-bob-boldt/
- ↑ http://www.pwpartners.com/media/96109/PWP%20Release%20(3.8.12).pdf
External links
- Official website
- Official Launch Press Release
- Boutique Bank Lands Ex-Goldman Star
- Bringing Banking Back to the Future
- Bloomberg: Perella Weinberg Raises More Than $1 Bln for Boutique
- Transcript: Financial Times Reporter Chrystia Freeland Interviews Joseph Perella
- “How London Can Close the Gap on Wall Street,” Financial Times, Peter Weinberg, March 29, 2006.
- “Boardroom culture must embrace directors,” Financial Times, Peter Weinberg, November 16, 2006.
- “A Book Full of Blank Checks,” Institutional Investor, Dan Freed, January 17, 2008.
- “Perella Says Boutiques Can Thrive Amid LBO Bust,” Joseph Giannone, April 3, 2008.
- “Perella: Boutiques Look Set to Outperform,” Reuters, Elinor Comlay, November 11, 2008.
- “Perella Sees Boom in Restructuring Work,” Reuters, Joseph Giannone, November 11, 2008.
- “Sovereign Funds Offer a Wealth of Benefits,” Financial Times, Peter Weinberg, May 22, 2008.
- “Swimming Upstream: The Big Fish among the Boutique Investment Banks,” Financial Times, Meghan Murphy and Helen Thomas, September 27, 2010.
- “Perella Weinberg Heads for Abu Dhabi,” Financial Times, Helen Thomas, September 22, 2010.
