About Evercore

Evercore Inc. (Evercore) operates as an independent investment banking firm. Segments The company operates globally through its two business segments: Investment Banking & Equities and Investment Management. Investment Banking & Equities segment The company's Investment Banking & Equities segment includes its investment banking business and its equities business. Investment Banking The company's investment banking business provides strategic advisory, liability management and restructuring, capital markets advisory and private capital advisory and fundraising services. Through this business, the company provides clients with differentiated strategic and tactical advice, as well as execution to financial sponsors and both public and private companies across a broad range of industry sectors and geographies. The company helps its clients identify and pursue strategic priorities, devise strategies to enhance shareholder value, and develop new ideas and deeper perspective to achieve their goals. The company also serves as a leading advisor to clients on many of the largest and most complex capital transactions in the global capital markets. The company's flexible and integrated teams develop trust with clients by focusing on their objectives. Functionally, the company can act as an independent advisor, placement agent, or underwriter based on each client's circumstances and preferences. Strategic Advisory The company provides advisory services on a full range of matters, including mergers, sales, acquisitions, leveraged buyouts, joint ventures, strategic, defense and shareholder advisory, divestitures and other tax efficient combinations. Mergers and Acquisitions In advising companies on mergers, sales, or acquisitions, the company evaluate potential targets and acquirers, provide valuation analyses, and evaluate and propose financial and strategic alternatives. The company provides boards, management teams and financial sponsors with independent judgment and deep expertise as they navigate their most important transactions and strategic decisions. The company also advises as to the timing, structure, financing and pricing of a proposed transaction, as well as assist in negotiating and closing the deal. Strategic, Defense and Shareholder Advisory The company's extensive experience, insights into activist tactics, expertise in assisting companies with shareholder engagement and innovative defense strategies are instrumental in helping clients prepare for, avoid, and, if required, defend against activist investors and hostile takeover attempts. In public company situations, the company's strategic shareholder advice is an integral part of the company's practice and is a decisive edge for clients seeking to solve complicated issues and obtain shareholder support for their transactions. Special Committee Assignments The company has a leading special committee practice, which is driven by, and exemplifies, the company's overall commitment to independence, discretion, objectivity, and the delivery of unconflicted advice. The company's team has a long history of offering impartial advice to special committees and assisting them to meet fiduciary duties and obligations in significant situations. Real Estate Strategic Advisory Through the company's Real Estate Strategic Advisory ('RESA') team, the company provides comprehensive strategic advisory and capital raising solutions to public and private companies, sponsors and investors globally. The team assists with advice and execution across the spectrum of clients and transaction types, including public mergers and acquisitions, portfolio sales and recapitalizations, continuation vehicles, joint ventures, funds, equity capital markets and other bespoke advisory engagements. Liability Management & Restructuring The company provides independent financial restructuring advice to companies, sponsors, creditors, shareholders and other stakeholders, both in-and out-of-court. The company specializes in providing critical and unbiased advice to clients on complex, balance sheet issues and transformational situations. Equity Capital Markets The company structures and executes equity and equity-linked capital markets and advisory services for the firm's corporate and financial sponsor clients. The company's team provides its clients with execution expertise, independent advice, experienced judgment and key insights on all aspects of capital formation and capital markets transactions. The company's Equity Capital Markets team has the flexibility to engage with its corporate and financial sponsor clients in an underwriting, placement agent or advisory capacity. Private Capital Markets and Debt Advisory The company provides corporate finance advisory services, including advisory services relating to private credit, growth equity and structured equity. This includes structuring and executing private market transactions for corporate and sponsor clients across equity, credit, structured equity or hybrid financing solutions. Market Risk Management and Hedging The company provides advisory services on all aspects of market-related risks arising from foreign exchange, interest rates, inflation and commodity prices in connection with cross-border mergers and acquisitions and financing transactions. The company assists its clients in determining a market-risk strategy in line with their financial objectives and risk appetite and design an approach that balances competitive pricing against the need to maintain confidentiality in relation to prospective transactions. Private Capital Advisory and Fundraising Through the company's Private Capital Advisory ('PCA') and Private Funds Group ('PFG') teams, the company advises private asset managers on capitalizing or liquidating their assets through a privately negotiated transaction (e.g. fund sales, asset refinancing and fund recapitalizations or continuation funds). The company also provides comprehensive global advisory and distribution services on capital raising for these managers and/or select private fund sponsors, advising and executing on the fundraising process, including competitive positioning and market assessment, preparation of marketing materials, investor development and documentation. Equities In the company's Equities business, Evercore ISI, the company's experienced research, sales and trading professionals deliver superior client service on a content-led platform, striving to be the best independent resource for equity and macroeconomic research to support the company's institutional investor clients. Research Evercore ISI was recognized as the top ranked independent firm by Institutional Investor in 2023. Sales The company's sales team delivers research-centric service to more than 1,300 institutional clients in the U.S. and abroad. The team provides access to the company's macro and fundamental research products and its dedicated sales specialists provide unique sector insights. Trading The company's equities trading professionals engage primarily in agency-only transactions, free of the potential conflicts of interest created by proprietary trading. The company's team provides seamless execution, placing the company's clients' interests first and executing transactions with efficiency, objectivity and discretion. Corporate Access The company's corporate access team develops strategic connectivity between company management and investors to maximize the impact of roadshows, field trips, sector and macro strategy conferences. Other The company's Investment Banking & Equities segment also includes interests in Luminis Partners ('Luminis') and Seneca Advisors LTDA ('Seneca Evercore'), which are accounted for under the equity method of accounting. Luminis is an independent corporate advisory firm based in Australia and Seneca Evercore is an independent corporate advisory firm based in Brazil. Investment Management segment The company's Investment Management segment includes wealth management through Evercore Wealth Management L.L.C. ('EWM') and trust services through Evercore Trust Company, N.A. ('ETC'), as well as private equity through investments in entities that manage private equity funds. Evercore Wealth Management and Evercore Trust Company The company's U.S.-based Evercore Wealth Management serves high-net-worth individuals, foundations and endowments. Clients at EWM and the company's affiliated trust company, ETC, work directly with dedicated teams to establish distinctive financial objectives to pursue personal, business and legacy goals. Investments in Affiliates The company also holds interests in ABS Investment Management Holdings LP and ABS Investment Management GP LLC (collectively, 'ABS') and Atalanta Sosnoff Capital, LLC ('Atalanta Sosnoff') that are accounted for under the equity method of accounting. ABS is an institutionally focused hedge fund-of-funds manager and Atalanta Sosnoff manages large-capitalization U.S. equity and balanced products. The company also holds certain interests in entities that manage private equity funds and in the funds they manage. Strategies for Growth The company's strategy is to achieve organic growth and improved profitability in the company's Investment Management segment. Regulation Evercore Group L.L.C. ('EGL'), a wholly-owned subsidiary of the company through which the company conducts its U.S. Investment Banking & Equities business, is registered as a broker-dealer with the SEC, is a member of the Financial Industry Regulatory Authority ('FINRA') and is registered as a broker-dealer in various states and the District of Columbia. EGL is subject to regulation and oversight by the SEC. FINRA, a self-regulatory organization that is subject to oversight by the SEC, adopts and enforces rules governing the conduct, and examines the activities, of its member firms, including EGL. The SEC, FINRA, and other regulators in various jurisdictions impose both conduct-based and disclosure-based requirements with respect to the company's business. The company's operating entities are also subject to regulations, including the USA PATRIOT Act of 2001, as amended (the 'Patriot Act'), which impose obligations regarding the prevention and detection of money-laundering activities, including the establishment of customer due diligence and other compliance policies and procedures. The company is also subject to the U.S. Foreign Corrupt Practices Act, which prohibits offering, promising, giving, or authorizing others to give anything of value, either directly or indirectly, to a non-U.S. government official in order to influence official action or otherwise gain an unfair business advantage, such as to obtain or retain business. The company's Investment Management business at EWM, as well as the company's equity method investments, ABS and Atalanta Sosnoff, are registered as investment advisors with the SEC. Registered investment advisors are subject to the requirements and regulations of the Investment Advisers Act of 1940. Such requirements relate to, among other things, fiduciary duties to clients, maintaining an effective compliance program, solicitation agreements, conflicts of interest, recordkeeping and reporting requirements, disclosure requirements, limitations on agency cross and principal transactions between an advisor and advisory clients, state and local political contributions, as well as general anti-fraud prohibitions. EWM is also an investment advisor to a mutual fund, which subjects EWM to additional regulations under the Investment Company Act of 1940 (the '1940 Act'). ETC, which is a national trust bank limited to fiduciary activities, is regulated by the Office of the Comptroller of the Currency ('OCC'), is a member bank of the Federal Reserve System and is subject to, among other things, the Patriot Act, the Bank Secrecy Act of 1970, as amended, the Gramm-Leach-Bliley Act of 1999, as amended, other federal banking laws and the state laws in the jurisdictions in which it operates. The FCA is responsible for regulating Evercore Partners International LLP ('Evercore U.K.'), the company's U.K. Advisory affiliate, and Evercore ISI International Limited ('Evercore ISI U.K.'), the company's U.K. Equities affiliate. The Financial Services and Markets Act 2000 ('FSMA') is the basis for the United Kingdom's ('U.K.') financial services regulatory regime. As U.K. authorized persons, Evercore U.K. and Evercore ISI U.K. are subject to the FCA's high-level principles for businesses, conduct of business obligations and organizational requirements. FSMA also gives the FCA investigatory and enforcement powers in respect of contraventions of various European Union ('EU') regulations (as implemented into U.K. law following Brexit), including the Market Abuse Regulation, which prohibits insider dealing, unlawful disclosure of inside information and market manipulation. The FCA is also able to prosecute a number of criminal offenses, including among other things, criminal insider dealing under the Criminal Justice Act 1993 and criminal market manipulation under the Financial Services Act 2012. Evercore U.K., Evercore ISI U.K. (and potentially other Evercore entities with a 'close connection' to the U.K.) are also subject to the U.K. Bribery Act 2010, which came into force on July 1, 2011. It provides for criminal penalties for bribery of, or receipt of a bribe from, public officials, corporations and individuals, as well as for the failure of an organization to prevent a person with whom it is associated from providing bribes to secure a business advantage for the organization or a benefit in the conduct of its business. Evercore has a German subsidiary, Evercore GmbH ('Evercore Germany'), through which regulated activities can be conducted in Germany and in other EU and EEA jurisdictions on a cross-border basis, subject to certain exceptions and in compliance with applicable legal requirements. In Germany, the company's subsidiary, Evercore Germany, is licensed by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, or 'BaFin') to conduct investment advice and investment brokerage activities in Germany. In Hong Kong, the Securities and Futures Commission ('SFC') is responsible for regulating the company's subsidiary, Evercore Asia Limited ('Evercore Hong Kong'). As the principal regulator of Hong Kong's securities and futures markets, the SFC is responsible for administering the laws and regulations governing the securities and futures markets in Hong Kong, supervising licensed market intermediaries, such as Evercore Hong Kong and retains disciplinary, investigatory and enforcement powers in respect of contraventions of laws, regulations, as well as other codes and guidelines promulgated by the SFC. Evercore Hong Kong is licensed with the SFC to conduct certain corporate finance activities and securities dealing and advising activities that are related to corporate finance, and Evercore Hong Kong is required to comply with all applicable laws, rules, and regulations published by the SFC. The compliance requirements of the SFC include, among other things, paid-up share capital, liquid capital, record keeping, data storage, anti-money laundering (including the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615)), client classification, conflicts of interest and other conduct of business requirements. Evercore Hong Kong is also subject to other laws in Hong Kong that are concerned with money laundering, terrorist financing, proliferation financing and financial sanctions, including the Drug Trafficking (Recovery of Proceeds) Ordinance (Cap. 455), the Organized and Serious Crimes Ordinance, the United Nations (Anti-Terrorism Measures) Ordinance (Cap. 575), the United Nations Sanctions Ordinance (Cap. 537), the Weapons of Mass Destruction (Control of Provision of Services) Ordinance (Cap. 526) and the Prevention of Bribery Ordinance (Cap 201). In Singapore, Evercore Asia (Singapore) Pte. Ltd. maintains a Capital Market Services license issued by the Monetary Authority of Singapore ('MAS') for dealing in capital markets products that are securities and collective investment schemes and advising on corporate finance. Financial services activities conducted in, or from, the DIFC, a financial free-zone located in the Emirate of Dubai, the United Arab Emirates, are regulated by the Dubai Financial Services Authority ('DFSA') and are subject to regulatory licensing requirements. Evercore Advisory (Middle East) Limited maintains licenses issued by the DFSA for: (i) advising on financial products; (ii) arranging credit and advising on credit; and (iii) arranging deals in investments. The compliance requirements for DFSA licensed entities include, among other things, capital, liquidity, governance, conduct of business requirements and anti-money laundering, counter-terrorist financing and sanctions requirements which apply to all activities conducted by Evercore Advisory (Middle East) Limited in or from the DIFC. In Canada, the company's subsidiary, Evercore Partners Canada Ltd. ('Evercore Canada'), is licensed by the Ontario Securities Commission ('OSC') as an Exempt Market Dealer ('EMD') for dealing in securities that are exempt from registration requirements with permitted clients. History The company was founded in 1995. It was incorporated as a Delaware corporation in 2005. The company was formerly known as Evercore Partners Inc. and changed its name to Evercore Inc. in 2017.