Private Capital/Fund Advisory Team Rankings

Based on the most helpful WSO content, here’s a breakdown of Private Capital/Fund Advisory team rankings:

Tier 1:

1. Evercore - Clearly the leader in this space, with the highest volume of deals. However, some note that the quality might lag slightly behind Jefferies and Goldman Sachs.
2. Goldman Sachs - A newer group formed by ex-Lazard professionals. Known for strong sponsor coverage and execution capabilities.
3. Jefferies - A standout "brand name" in the business, with a focus on GP stakes but still active in LP baskets.
4. PJT Park Hill - Highly regarded, though slightly behind Jefferies and Goldman in terms of quality.

Tier 2:

1. Campbell Lutyens - Well-respected with strong deal flow, though a step behind the Tier 1 players.
2. Lazard - A solid player but facing some staffing issues. They are shifting focus more toward GP-led transactions.

Tier 3:

1. Afidity - Similar to M20 but with better quality.

Notes on Geography:

• Rankings and deal flow can vary by region, but Evercore, Jefferies, and Goldman Sachs are generally strong across geographies.
• Campbell Lutyens and Lazard are also recognized globally but may have regional nuances in their focus and performance.

If you’re looking for a top-tier experience, Tier 1 firms are the go-to, while Tier 2 and 3 still offer solid opportunities depending on your goals and location.

Sources: Best PCA/Secondary Advisory Groups, Ranking Investment Banks in 2021, What are the top restructuring/distress debt advisory teams on the street for 2020 Summer Analyst recruiting?, EB Comparisons, Official Investment Banking Rankings: Boutique and Bulge Bracket Prestige