Moelis Hires Credit Suisse’s Fitzsimmons for Private Funds

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Moelis & Co., the merger-advisory firm that went public last year, hired Tim Fitzsimmons as a managing director in its private-funds advisory business.

Fitzsimmons will advise fund sponsors and limited partners on capital-raising, New York-based Moelis said Tuesday in a statement on its website. He previously worked at Credit Suisse Group AG and Citigroup Inc., Moelis said.

“As private-fund sponsors continue to return capital to investors and look to raise new funds, Tim’s industry knowledge will serve our clients exceptionally well,” Rick Leaman, Moelis’s managing partner, said in the statement.

Moelis also finished raising money for its Valor Equity Partners III fund, which was 40 percent oversubscribed with institutional investors and family offices committing $490 million, the firm said. The capital will go toward consumer, infrastructure, industrial services and manufacturing companies.

Moelis joins advisory-firm Evercore Partners Inc. in expanding its private-capital business. New York-based Evercore hired former UBS Group AG bankers Nishant Bakaya and Lea Lazaric Calvert this year to advise clients including pension funds, foundations and family offices.

Moelis, which was founded by former UBS investment bank president Ken Moelis, began its private-funds business last year and advises on buyouts, infrastructure investments and special situations. Fitzsimmons will join the firm in August and be based in New York.

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