Evercore to Establish a Private Capital Advisory Business

  Evercore to Establish a Private Capital Advisory Business

Business Wire

NEW YORK -- July 10, 2013

Evercore (NYSE: EVR) today announced that it intends to expand its global
investment banking platform by establishing a Private Capital Advisory (“PCA”)
business focused on secondary transactions for private funds interests. This
initiative significantly expands the services that Evercore offers to leading
institutional investors and Fund sponsors, and complements the capital raising
advisory services provided by Evercore’s Private Funds Group and the strategic
and merger advisory services offered by Evercore’s Advisory business

Nigel Dawn and Nicolas Lanel have agreed to join Evercore to lead the
business. Mr. Dawn will run PCA globally while Mr. Lanel will head up the
European operation. Mr. Dawn, who was most recently Managing Director and
Global Co-Head of the Private Funds Group at UBS, is a recognized leader in
this business bringing more than twenty years of experience advising investors
and fund sponsors. Mr. Lanel was most recently Managing Director and Global
Co-Head of Secondary Advisory at UBS, where he led the expansion of the
business into Europe. The PCA business will be majority owned by Evercore with
key principals, including Mr. Dawn and Mr. Lanel, owning the minority stake.
The Evercore PCA business is expected to launch during the second half of 2013
following the recruiting of additional professionals to support the business
in North America and Europe.

“The PCA business fits perfectly into the Evercore model of providing
independent advisory services to our clients based on our ideas, our
intellectual capital and our relationships. We believe this business leverages
the relationship network and market presence of our firm.” said Ralph
Schlosstein, President and Chief Executive Officer of Evercore. “We are
excited that we have brought together a highly experienced team to lead this
business and we are confident that they will build a strong global franchise
that augments Evercore’s ability to serve leading investors and fund sponsors

About Nigel Dawn

Nigel Dawn was a Managing Director and Global Co-Head of the Private Funds
Group at UBS. Mr. Dawn was the founder and leader of the Secondary Market
Advisory teamwithin the Private Funds Group at UBS, having advised on over
$25 billion of secondary transactions. Clients have included leading US public
investors, university endowments, banks, insurance companies, hedge funds and
leading private equity general partners. Previously, he was head of UBS
Investment Bank’s Third-Party Private Equity Funds Team. Prior to joining UBS,
Nigel worked at Booz, Allen & Hamilton in New York, and in Asia with Standard
Chartered Bank. Nigel graduated from Newcastle University with a Bachelor of
Arts degree in East Asian Politics and earned his MBA at Columbia Business

About Nicolas Lanel

Nicolas Lanelwas a Managing Director at UBS and was most recently Global
Co-Head of its Secondary Markets Advisory group. He established the practice
in Europe in 2007, having joined the funds placement team of UBS in 2004,
where he initially focused on coverage of institutional investors in Europe
and the Middle East. Mr. Lanel has led a number of notable secondary
transactions in Europe for clients including financial institutions, pension
funds, large family offices and fund sponsors. Mr. Lanel has 20 years of
experience in private equity and corporate advisory, having worked previously
with the principal investment team at Paribas and at Deutsche Bank in Toronto,
London and New York. He will be joining Evercore in October this year. Mr.
Lanel earned a Master’s degree in management at ESCP-Europe.

About Evercore

Evercore is a leading independent investment banking advisory firm. Evercore’s
Investment Banking business advises its clients on mergers, acquisitions,
divestitures, restructurings, financings, public offerings, private placements
and other strategic transactions and also provides institutional investors
with high quality research, sales and trading execution that is free of the
conflicts created by proprietary activities. Evercore’s Investment Management
business comprises wealth management, institutional asset management and
private equity investing. Evercore serves a diverse set of clients around the
world from its offices in New York, Boston, Chicago, Minneapolis, Houston, Los
Angeles, San Francisco, Washington D.C., Toronto, London, Aberdeen, Scotland,
Mexico City and Monterrey, Mexico, Hong Kong and Rio de Janeiro and São Paulo,
Brazil. More information about Evercore can be found on the Company’s website
at www.evercore.com.


Robert B. Walsh, 212-857-3100
Chief Financial Officer, Evercore
Tim LaLonde, 212-857-3131
Chief Operating Officer, Evercore
Dana Gorman, 212-371-5999
The Abernathy MacGregor Group, for Evercore
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