Perella Weinberg

What Perella Weinberg does

Perella Weinberg Partners is a publicly traded (NASDAQ: PWP) global independent investment banking firm founded in 2006 by Peter A. Weinberg, Joseph R. Perella, and partners drawn primarily from Goldman Sachs and Morgan Stanley. The firm provides strategic and financial advisory services across six core service lines: Mergers & Acquisitions, Growth Capital & Capital Markets, Restructuring & Liability Management, Special Committee, Shareholder Engagement, and Private Funds Advisory. It serves corporations, financial sponsors, governments, and sovereign wealth funds across seven industry verticals — Consumer & Retail, Energy & Energy Technology, Financial Institutions, Healthcare, Industrials, Technology & FinTech, and Telecom & Media. The firm has advised on over $1 trillion of advisory assignments for more than 1,000 clients across 50+ countries since inception.

The firm operates through 12 offices across 5 countries (New York, London, Houston, Los Angeles, San Francisco, Paris, Chicago, Munich, Palm Beach, Denver, Calgary, Greenwich) with 73 partners and approximately 700 employees. It holds multi-jurisdictional regulatory licenses including FINRA/SIPC (US), FCA (UK), ACPR/AMF (France), and CIRO (Canada). Its affiliated energy franchise TPH&Co. (Tudor, Pickering, Holt & Co.) provides specialized energy investment banking across upstream, midstream, infrastructure, and energy transition, while Devon Park Advisors (acquired 2025 for $49.2M) provides private funds secondaries advisory. The firm generates revenue almost entirely through transaction-based advisory fees, which are highly variable tied to deal closings — FY2025 revenue was $751M (down 14% from the FY2024 record of $878M), and Q1 2026 revenue was $148.9M (down ~30% YoY).

The firm maintains a strong balance sheet with $256M in cash and zero debt as of FY2025, returning $163.4M to equity holders in 2025 through share repurchases and dividends. In May 2026, the firm announced a 10% workforce reduction including ~12 partners amid challenging M&A market conditions, while simultaneously pursuing active M&A growth — Gleacher Shacklock acquisition (April 2026, ~30 professionals, UK/European expansion) and continued senior partner hiring across AI advisory, European software, and healthcare services verticals. Leadership transitioned in June 2026 with co-founder Peter A. Weinberg resigning as Chairman and CEO Andrew Bednar assuming the consolidated Chairman/CEO role.

Name

Perella Weinberg

Legal name

Perella Weinberg Partners LP

Website

https://pwpartners.com

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Perella Weinberg Partners is a publicly traded global independent investment banking firm providing M&A, restructuring, capital markets, and special situations advisory to corporations, financial sponsors, governments, and sovereign wealth funds across 12 offices and 7 industry verticals.

Ownership category

akta.pro rank

Product category

Investment Banking Advisory

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Industry-Specialist / Sector-Focused M&A Advisory (FSAEAGAJ)

Keywords

• Investment banking advisory
• Mergers and acquisitions
• Restructuring advisory
• Capital markets advisory
• Private funds advisory

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Advisory Fees (M&A, Restructuring, Capital Markets): Primary revenue stream generated through transaction-based advisory fees across M&A, Growth Capital & Capital Markets, Restructuring & Liability Management, Special Committee, Shareholder Engagement, and Private Funds Advisory services. Revenue is highly variable tied to deal closings (Q1 2026: $148.9M; FY2025: $751M; FY2024: $878M).
2. Capital Markets Advisory and Underwriting: Revenue earned through independent capital markets advisory mandates and co-management/underwriting roles in equity and debt offerings (e.g., capital markets advisor to NuVasive, Maravai, Envista).

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Perella Weinberg Partners is an independent global investment banking firm providing strategic and financial advisory services to corporations, financial sponsors, governments, and sovereign wealth funds. Its offerings span Mergers & Acquisitions, Growth Capital & Capital Markets, Restructuring & Liability Management, Special Committee, Shareholder Engagement, and Private Funds Advisory, delivered across seven industry verticals by senior partners. The affiliated TPH&Co. franchise provides energy-focused investment banking and equity research.

Product overview

Perella Weinberg Partners offers a platform of advisory service lines rather than a single unified product. Its offering is structured as a core independent advisory platform delivering strategic and financial advice to corporations, financial sponsors, governments, and sovereign wealth funds across six core service areas: Mergers & Acquisitions, Growth Capital & Capital Markets, Restructuring & Liability Management, Special Committee, Shareholder Engagement, and Private Funds Advisory. These are supported by seven industry verticals (Consumer & Retail, Energy & Energy Technology, Financial Institutions, Healthcare, Industrials, Technology & FinTech, and Telecom & Media) and an affiliated energy sub-brand, TPH (TPH&Co. / Tudor, Pickering, Holt & Co.), which provides energy-specific infrastructure investment banking and equity research.

Differentiator

Problem solved

Functional benefit

Brands

• TPH&Co. (Tudor, Pickering, Holt & Co.): The energy-focused investment banking and equity research business of Perella Weinberg, offering upstream, midstream, energy transition and infrastructure advisory services.

Products and services

• Mergers & Acquisitions Advisory
• Growth Capital & Capital Markets Advisory
• Restructuring & Liability Management Advisory
• Special Committee Advisory
• Shareholder Engagement Advisory
• Private Funds Advisory
• TPH&Co. Energy Investment Banking

Quantifiable outcome

• Advised on over $1 trillion of advisory assignments for 1000+ clients across 50 countries since inception (2006-2026)
• +4 more outcomes

Named customers15 records

Segments10 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Six partnerships are on record, tiered core, minor and flagship.

• Gleacher ShacklockcoreStrategic or Co-development Partner · 13 April 2026Announced April 13, 2026 acquisition of Gleacher Shacklock, a London-based independent advisory firm founded in 2003 with approximately 30 advisory professionals. Provides M&A, defence advisory, and capital markets advisory services to corporates, financial sponsors, sovereign wealth funds, and institutions primarily in UK and Europe. Expected to close H2 2026 pending regulatory approval. Adds five partners to bolster UK and European advisory capabilities.
• DarioHealth Corp.minorStrategic or Co-development Partner · 25 September 2025DarioHealth Corp. engaged Perella Weinberg Partners as financial advisor to its Special Committee to evaluate potential opportunities including a sale, merger, or strategic business combination following multiple unsolicited inbound expressions of interest.
• Devon Park AdvisorscoreStrategic or Co-development Partner · 1 January 2025Acquired Devon Park Advisors for $49.2 million (FY2025 acquisition completed). Devon Park Advisors specializes in secondary market advisory with focus on GP-led secondaries, LP interest acquisitions/divestitures, GP stakes, and private capital solutions across private equity, private credit, infrastructure, venture, and real estate. Founder Jonathan Costello joined as Partner and head of Private Funds Advisory.
• PWP Capital (PWP Capital Holdings LP)minorStrategic or Co-development Partner · 1 February 2019PWP Capital Management LP (SEC-registered investment adviser) separated from Perella Weinberg Partners in February 2019 to operate as a separate, standalone business. While certain officers and equity holders of Perella Weinberg own certain interests in PWP Capital, Perella Weinberg Partners has no beneficial or economic interest in PWP Capital.
• TPH&Co.flagshipStrategic or Co-development Partner · 1 January 2007TPH&Co. is the energy business of Perella Weinberg Partners, a fully integrated affiliate providing specialized investment banking and equity research services across the energy value chain (upstream, midstream, infrastructure, energy transition). TPH&Co. operates with offices in Houston, New York, and Calgary, and is led by President Chad Michael.
• Tudor, Pickering, Holt & Co. Securities - Canada, ULC (TPHC)coreStrategic or Co-development Partner · 1 January 2006TPHC is an affiliate of Perella Weinberg Partners, offering investment banking services in Canada as a Member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization (CIRO). PWPLP, PWP-UK, PWP France, and TPHC operate as affiliated entities.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Evercore: Evercore is a leading publicly traded independent investment banking advisory firm, directly comparable to PWP in its senior-led, conflict-free advisory model with deep sector coverage across M&A, restructuring, and capital markets. Closest scale peer to PWP among listed independent advisors.
• Lazard: Lazard is a global independent financial advisory and asset management firm with a similar senior-led advisory franchise spanning M&A, restructuring, and capital structure advisory. Directly competes for large-cap advisory mandates with comparable sector coverage.
• Moelis & Company: Moelis is a publicly traded global independent investment bank with a comparable senior-led M&A, restructuring, and capital markets advisory model. Closely comparable on boutique, founder-influenced culture and mid-to-large-cap M&A franchise.
• PJT Partners: PJT Partners is a publicly traded independent advisory firm focused on strategic advisory, restructuring, and fund placement/private fund advisory — directly comparable to PWP's restructuring and capital solutions practices and Devon Park secondaries platform.
• Centerview Partners: Centerview is a leading privately held independent advisory firm with a senior-led, conflict-free model directly comparable to PWP's positioning. Particularly strong overlap on special committee, M&A defense, and large-cap advisory work.
• Rothschild & Co: Rothschild is a global independent financial advisory group with deep European heritage, directly comparable to PWP across M&A, restructuring, and capital structure advisory, and a key competitor for European and cross-border mid-to-large-cap mandates.
• Allen & Company: Allen & Company is a privately held independent investment bank focused on M&A and financing advisory for media, technology, and consumer companies — directly comparable to PWP's senior-led, relationship-driven model and selective sector coverage.
• Greenhill & Co: Greenhill is a publicly traded independent M&A and restructuring advisory firm with a comparable senior-led model, though smaller in scale. Direct competitor for mid-cap M&A and restructuring mandates globally.

Broad incumbents

• Jefferies Financial Group: Jefferies is a larger full-service investment bank with a broader capital markets and trading platform, but competes directly with PWP's advisory business — particularly on leveraged finance, capital markets advisory, and sponsor-led M&A where PWP's Capital Markets Advisory team overlaps with Jefferies' Leveraged Finance franchise.
• Guggenheim Securities: Guggenheim Securities is the investment banking division of a broader financial services platform, providing M&A, capital markets, and restructuring advisory that overlaps with PWP's coverage, though with broader balance-sheet and capital markets capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/perella-weinberg-partners

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries4 records

Funding overview

Funding rounds2 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Perella Weinberg