June 23, 2015
New York, June 23, 2015
Moelis & Company (NYSE: MC), a leading global independent investment bank, today announced the appointment of Tim Fitzsimmons as a Managing Director in the Private Funds Advisory business providing capital raising, secondary and other independent advisory services to private fund sponsors and limited partners. Mr. Fitzsimmons will join the Firm in August and will be based in New York.
In addition to the appointment, Moelis & Company also announced the final closing for Valor Equity Partners III, L.P., which was 40 percent over-subscribed. Valor Equity Partners III provides flexible capital to non-cyclical growth companies in the consumer, infrastructure/industrial services and manufacturing sectors. The fund initially targeted $350 million and closed with $490 million in committed capital, signaling significant interest from a premier group of institutional investors and family offices.
Mr. Fitzsimmons will join Moelis & Company with more than 15 years of investment banking experience, having previously worked in Credit Suisse’s Private Funds Group marketing private market investment opportunities across a number of strategies including buyout, growth, private debt and real assets. Prior to Credit Suisse, Mr. Fitzsimmons spent four years in Citigroup’s Global Loan Capital Markets and Investment Banking groups.
Rick Leaman, Managing Partner of Moelis & Company, said, “We are pleased to have Tim join our Private Funds Advisory business. He brings extensive marketing and distribution experience as well as deep relationships with general partners and institutional investors from around the world. 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.”
Moelis & Company announced the establishment of its Private Fund Advisory business in June 2014 with the appointment of four Managing Directors including Dave Brown, Patrick Dunleavy, Chris Kirsten, and Zaid Abdul-Aleem.
Leaman continued, “Our Private Funds Advisory business has significantly broadened the Firm’s capabilities and has made tremendous progress since its establishment last year. We are delighted to add Tim to the management team and announce this successful capital raise for Valor as evidence of that progress.”
About Moelis & Company
Moelis & Company is a leading global independent investment bank that provides innovative strategic advice and solutions to a diverse client base, including corporations, governments and financial sponsors. The Firm assists its clients in achieving their strategic goals by offering comprehensive integrated financial advisory services across all major industry sectors. Moelis & Company’s experienced professionals advise clients on their most critical decisions, including mergers and acquisitions, recapitalizations and restructurings and other corporate finance matters. The Firm serves its clients with over 550 employees based in 17 offices in North and South America, Europe, the Middle East, Asia and Australia. For further information, please visit: www.moelis.com.
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