Perella Weinberg Partners

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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 $10.5 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 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]

History[edit]

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[edit]

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[edit]

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[edit]

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. $10.5 billion as of April 1, 2015.[14]

Partners[edit]

Some of the firm’s partners include:

References[edit]

  1. ^ OneWire. "Interview with Joe Perella (Min 7:48)". http://www.youtube.com/watch?v=w1eju9NIHTg. 
  2. ^ http://www.pwpartners.com/media/96109/PWP%20Release%20(3.8.12).pdf
  3. ^ http://pwpartners.com/media/143486/PWP%20Agility%20Press%20Release%20(7.1.14).pdf
  4. ^ http://pwpartners.com/media/139138/Agility%20Release%20-%20Foundation%20%20Endowment%20Intelligence%20Award%20(FINAL%20-%206%204%2013).pdf
  5. ^ 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
  6. ^ http://www.efinancialnews.com/story/2012-11-26/investment-banking-awards-2012-the-full-list-of-winners
  7. ^ Reed, Stanley, “Bringing Banking Back to the Future,” Fortune, June 15, 2006. http://www.businessweek.com/investor/content/jun2006/pi20060615_425857.htm
  8. ^ 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
  9. ^ Thomas, Helen, “Donaldson Joins Perella Weinberg,” Financial Times, February 9, 2008. http://ftalphaville.ft.com/blog/tag/perella-weinberg/,
  10. ^ “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/
  11. ^ http://pwpartners.com/our-team/professionals/pwp-advisory-council/
  12. ^ http://www.institutionalinvestor.com/Popups/PrintArticle.aspx?ArticleID=2855573
  13. ^ http://www.pehub.com/684/5-questions-for-bob-boldt/
  14. ^ http://www.pwpartners.com/media/96109/PWP%20Release%20(3.8.12).pdf

External links[edit]