Evercore Inc. (Evercore) operates as an independent investment banking company.
Segments
The company operates globally through its two business segments: Investment Banking & Equities and Investment Management.
Investment Banking & Equities segment
Investment Banking & Equities segment includes the company’s investment banking business and its equities business.
As it begin the year in 2025, the company’s Investment Banking & Equities segment has 144(2) Investment Banking Senior Managing Di...
Evercore Inc. (Evercore) operates as an independent investment banking company.
Segments
The company operates globally through its two business segments: Investment Banking & Equities and Investment Management.
Investment Banking & Equities segment
Investment Banking & Equities segment includes the company’s investment banking business and its equities business.
As it begin the year in 2025, the company’s Investment Banking & Equities segment has 144(2) Investment Banking Senior Managing Directors and 40 Equities Senior Managing Directors with expertise and client relationships in a wide variety of industry sectors and a broad geographic reach.
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 evaluates 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 its 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, its 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 its 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 its 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 its 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 its institutional investor clients.
Research: Evercore ISI was recognized as the top ranked independent firm by Extel in 2024. The company also ranked #1 for analysts among all firms on both a weighted basis (weighted by top-ranked positions) and an unweighted basis.
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 trade in high- and low-touch equities, options, programs and convertible securities, engaging primarily in agency-only transactions and free of the potential conflicts of interest created by proprietary trading. The company’s team provides seamless execution, placing its 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 teams 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 an interest in Seneca Advisors LTDA (Seneca Evercore), which is accounted for under the equity method of accounting. Seneca Evercore is an independent corporate advisory firm based in Brazil.
Investment Management segment
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 its 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 an interest in Atalanta Sosnoff Capital, LLC (Atalanta Sosnoff), which is accounted for under the equity method of accounting. 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.
Strategy
The company intends to continue to grow and diversify its businesses, and to further enhance its profile and competitive position, through various strategies, such as promote and recruit highly qualified professionals in its Investment Banking & Equities segment; and achieve organic growth in its Investment Management segment.
Regulation
Evercore Group L.L.C. (EGL), a wholly-owned subsidiary of the company’s through which it 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. State securities regulators and securities exchanges of which EGL is a member also have regulatory or oversight authority over EGL. The company’s PFG and PCA businesses are also impacted by various state and local regulations that restrict or prohibit the use of placement agents in connection with investments by public pension funds. 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
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 its equity method investments, Atalanta Sosnoff and ABS (through July 2024), 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.), its 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.
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. Evercore Germany has passporting rights to provide cross-border services into the EU which are equivalent to those formerly enjoyed by Evercore U.K. Accordingly, Evercore Germany is authorized to provide the aforementioned services across the EU on a cross-border basis or through passporting local branches, such as operated in Paris, France. Among other requirements, BaFin requires Evercore Germany, as a regulated entity, to comply with capital, liquidity, governance and business conduct requirements, and has a range of supervisory and disciplinary powers which it is able to use in overseeing the activities of the firm. Being a legally dependent part of Evercore Germany, the company’s Paris branch is generally subject to the same regulatory requirements, with the exception that business conduct requirements are governed by the French regulatory regime.
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. 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.
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). Failure to comply with these laws may result in monetary, regulatory and, in certain cases, criminal penalties.
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. The compliance requirements of the MAS include anti-money laundering, conduct of business requirements and rules relating to client assets, among other things.
Financial services activities conducted in, or from, the DIFC, a financial free-zone located in the Emirate of Dubai, 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. The compliance requirements for EMDs include anti-money laundering and anti-terrorist financing surveillance, sanctions and suspicious activity monitoring, anti-bribery and corruption rules, recordkeeping, and conflicts management.
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.
