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Houlihan Lokey hires UBS banker Galfetti to boost secondaries coverage

Investment Banking Editor

Houlihan Lokey has bolstered its European team to cover a booming sector

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Houihan Lokey has tapped a senior UBS investment banker as the mid-market firm makes a push into so-called secondary investments. 

The bank has hired Sandro Galfetti as a managing director within its capital solutions group in Europe as the firm continues to build out its coverage of private equity firms. 

The use of so-called continuation funds has grown in recent years, with banks pushing for advisory roles

Paul Clarke

Investing

An audience with Yann Le Pallec: ‘We live in a world of risk’

Vanguard backed no environmental and social proposals this year in the US

JPMorgan promotes senior private banker Folarin Oyeleye to head of Emea lending

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A shake-up of the Wall Street firm’s UK private banking team continues

Sullivan & Cromwell bolsters London office with two partners

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Sullivan & Cromwell bolsters London office with Kirkland, Weil partners

The elite US law firm has added restructuring and private equity heavyweights from Kirkland and Weil as it expands its London team

Nomura hires Barclays’ Zorzoli to lead global markets sales in Europe

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Nomura relocates Emea head of public side sales to Dubai as Filippo Zorzoli joins

A loss of independence at the Federal Reserve could have serious consequences for both the U.S. and the global economy, the eurozone’s top central banker warned.

Threats to Fed Independence Are ‘Very Worrying,’ ECB’s Lagarde Says

The main difference between America’s brand of capitalism and elsewhere: a focus on the individual and an incentive to take risks.

How—and Why—U.S. Capitalism Is Unlike Any Other

Individual traders and social-media influencers pushed to oust the CEO of Opendoor Technologies, and got what they wanted.

A Band of Retail Investors Powered the Meme-Stock Rally. Now They’re Flexing. 

The S&P 500 has never been this expensive, or more concentrated in fewer companies.

U.S. Stocks Are Now Pricier Than They Were in the Dot-Com Era

It isn’t just Microsoft—companies are adopting a new, harder-line playbook for dealing with political debate at work.

The Boss Has Had It With All the Office Activists

The German pharmaceutical company is backed by private-equity firms Bain Capital and Cinven.

Stada Eyes IPO in Autumn if Conditions Are Right

Abbe Lowell’s clients include a Fed governor and New York’s attorney general—and formerly members of the Trump family.

Banks including JPMorgan, Citi and UBS left the NZBA in the past year as they faced pressure from the Trump administration to ditch green pledges.

Net-Zero Banking Alliance Suspends Activities Amid Wave of Departures

Companies are snapping up “AI native” talent straight out of college and grad school. “Under 25, you can be making a million.”

These AI-Skilled 20-Somethings Are Making Hundreds of Thousands a Year

The asset class has shifted to late-stage lending as companies remain private for longer.

Venture Debt Firms Tilt Toward Mature Companies

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