IB Groups explanations

Hey everyone,

There's a few groups that I can't seem to comprehend even after a few Google searches. Could someone explain the primary purpose of these 3: Fig, financial sponsors, and LevFin?

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2 Comments

d3athletejumper

IB

7y

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FIG advises banks, insurance, AMs, fintech like a coverage group.

Sponsors advises PE firms on potential acquisitions and exits.

Levfin advises on HY debt and leveraged loans.

Depending on the bank either sponsors or levfin will do the most with the debt issuance advisory in an LBO. Levfin is closer to capital markets in some places as opposed to others where levfin does the brunt of the LBO model with respect to debt.

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Anonymous Monkey

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