Evercore to establish private capital advisory business run by ex-UBS execs

theflyonthewall.com

Evercore (EVR) announced that it intends to expand its global investment banking platform by establishing a Private Capital Advisory business focused on secondary transactions for private funds interests. Nigel Dawn and Nicolas Lanel have agreed to join Evercore to lead the business. Dawn will run PCA globally while Lanel will head up the European operation. Dawn was most recently Managing Director and Global Co-Head of the Private Funds Group at UBS (UBS) and Lanel was most recently Managing Director and Global Co-Head of Secondary Advisory at UBS.

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