Houlihan Lokey in Talks to Buy Placement Agent Triago

Houlihan Lokey Executive Chairman Irwin Gold and CEO Scott Beiser.
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Houlihan Lokey Inc. is in talks to acquire Triago, a placement agent best known for assisting private equity firms with fundraising, according to people with knowledge of the matter.

A transaction, which hasn’t yet been finalized, would bolster Los Angeles-based Houlihan’s offerings as it competes against rival investment banks for fees. A deal isn’t guaranteed and it’s possible talks could collapse.