PJT Partners Profile
PJT Partners Inc. operates as a global advisory-focused investment bank.
The company’s highly experienced, collaborative teams provide independent advice coupled with old-world, high-touch client service. The company delivers leading advice to many of the world's most consequential companies, effect some of the most transformative transactions and restructurings and raise billions of dollars of capital around the globe to support startups and more established companies.
Strategic Advisory
The company’s team of leading professionals delivers strategic advice and innovative solutions to its clients in often highly complex and challenging situations. The company advises clients on transactions including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments and divestitures. Additionally, the company advises private and public company boards and management teams on strategies for building productive investor relationships with a focus on shareholder engagement; complex investor matters; environmental, social and governance (ESG) transition solutions; and other critical strategic, governance and shareholder matters. The company’s capital markets advisory team advises and executes public and private capital raises in the debt and equity capital markets, including debt financings, acquisition financings, structured product offerings, public equity raises, including initial public offerings and special purpose acquisition company offerings, private capital raises for early and later stage companies, as well as other capital structure related matters. The company’s geopolitical and policy advisory practice assists corporate boards and management teams to navigate changing geopolitical relationships against the backdrop of evolving political landscapes.
Restructuring and Special Situations
The company’s Restructuring and Special Situations business is one of the world’s leading advisors in financial restructuring and reorganization, liability management, distressed M&A and Chapter 11 matters. The company has been named International Financing Review Restructuring Advisor of the Year for each of the past four years and are consistently ranked among the top three financial advisors in announced global restructuring volume. With expertise in highly complex capital structure challenges, the company advises management teams, corporate boards, sponsors and creditors in situations where a company is experiencing financial distress.
PJT Park Hill
PJT Park Hill, the company’s leading global alternative asset advisory and fundraising business, provides private fund advisory and fundraising services for a diverse range of investment strategies. Moreover, PJT Park Hill is the only group among its peers with top-tier, dedicated private equity, alternative credit/hedge funds, real estate, directs and private capital solutions groups. PJT Park Hill’s private capital solutions business is a leading advisor to general partners and limited partners on liquidity and other structured solutions.
Growth Strategy
The key elements of the company’s strategy are to significantly increase the breadth and depth of its advisory franchise through footprint expansion; opportunity to deepen its advisory capabilities; and further integration of capabilities across businesses.
Regulation
PJT Partners LP, through which the company’s advisory and placement services are conducted in the U.S., as a registered broker-dealer, is subject to regulation and oversight by the SEC. In addition, the Financial Industry Regulatory Authority (‘FINRA’), a self-regulatory organization that is subject to oversight by the SEC, adopts and enforces rules governing the conduct, and examines the activities, of its member firms, which includes registered broker-dealers. State securities regulators also have regulatory or oversight authority over registered broker-dealers.
In particular, PJT Partners LP, as a registered broker-dealer and a FINRA member firm, is subject to the SEC’s uniform net capital rule, Rule 15c3-1.
In addition to the regulation it is subject to in the U.S., the company is subject to regulation internationally. PJT Partners (UK) Limited is authorized and regulated by the United Kingdom’s Financial Conduct Authority. PJT Partners (HK) Limited is licensed with the Hong Kong Securities and Futures Commission. PJT Partners Park Hill (Spain) A.V., S.A.U. is an investment firm authorized and regulated by Spain’s National Securities Market Commission.
The Foreign Corrupt Practices Act prohibits the company from making or offering to make any payment, or giving anything of value to a foreign official for the purpose of influencing that official to assist the company in obtaining or retaining an improper business advantage.
Similarly, the United Kingdom 2010 Bribery Act prohibits the company from bribing, being bribed or making other prohibited payments to government officials or other persons to obtain or retain business or gain some other business advantage.
PJT Partners LP is also affected by various state and local regulations or policies that restrict or prohibit the use of placement agents in connection with investments by public pension funds, including but not limited to, regulations in New York State, New York City, Illinois and California.
History
The company was founded in 2014. It was incorporated in 2014. The company was formerly known as Blackstone Advisory Inc. and changed its name to PJT Partners Inc. in 2015.
