Private Capital Advisory

Based on previous WSO threads, here's what you need to know about Private Capital/Private Market Advisory:

1. Role and Function:

   • General Partner (GP) Side: Advises GPs on liquidity solutions, such as continuation funds, liquidity tenders, and partial realizations. They manage and execute these transactions or restructurings.
   • Limited Partner (LP) Side: Advises and executes liquidity solutions for existing LPs. For example, if a pension fund wants to sell its stake in a GP, the advisory team manages the process, finds a new buyer, and executes the sale.

2. Top Firms:

   • Evercore and Campbell Lutyens are considered top leaders in this space.
   • Other notable firms include Lazard, PJT, and Jefferies.

3. Work Environment:

   • The hours can be brutal, especially at top firms.

4. Exposure and Exit Opportunities:

   • The exposure in these roles is significant due to the high level of transaction management and advisory work.
   • Exit opportunities are generally strong, with potential moves to private equity, hedge funds, or other investment banking roles.

For more specific insights into JPM's Private Capital Advisory team in London, it would be beneficial to connect with current or former employees or look for more detailed discussions on WSO forums.

Sources: What is Private Capital / Private Market Advisory?, Private Funds Group (CS/UBS etc), Exposure&Exit opportunity JPM structured Equity Financing, How is PJT London?, JP Morgan Exit Opps to Private Equity?