Park Hill Group

What Park Hill Group does

Park Hill Group operates as PJT Park Hill, the fund advisory division of PJT Partners Inc. (NYSE: PJT), a publicly traded global advisory firm. The firm is a market-leading global alternative asset advisory firm with over 20 years of experience, serving as a placement agent and capital advisor to alternative asset managers. Its core offering is intermediating capital between General Partners and a global institutional Limited Partner base that includes sovereign wealth funds, public pensions, endowments, foundations, insurance companies, and family offices across North America, Europe, the Middle East, and Asia.

PJT Park Hill delivers five specialized service lines: Private Equity Advisory (primary fundraising for PE and infrastructure managers), Private Capital Solutions (GP- and LP-led transaction advisory including continuation vehicles and secondaries), Real Estate Advisory (dedicated real estate capital markets expertise spanning fundraises, programmatic joint ventures, and portfolio recaps), Alternative Credit/Hedge Fund Advisory (fundraising plus bespoke vehicle structuring and insurance solutions), and Direct/Co-investment Placement (single-asset and co-investment capital raises). Each line is run by a dedicated specialist team. The firm does not develop or rely on proprietary technology platforms — its core "technology" is its tenured team and institutional relationship network.

The business model is professional services fee-based. Revenue is generated through placement agent fees tied to successful fund closes and capital advisory mandates, with pricing negotiated transactionally and not publicly disclosed. Notable recent transactions include Veritas Capital Fund IX ($14.4B), Digital Realty's $3.25B U.S. hyperscale data center fund, Stoneshield Capital Opportunity Fund IV (€1.5B), Direct Lending Fund I-IV ($6.6B), WCP NewCold I-III ($5.5B), Linden Capital Partners VI ($5.4B), Adelis Equity Partners Fund IV (€1.6B), and Emerald Lake Capital ($825M). The firm is headquartered in New York with international reach including Luxembourg, and operates with 51–100 employees as a division of PJT Partners.

Name

Park Hill Group

Legal name

PJT Partners Inc.

Website

https://parkhillgroup.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Alternative Asset Capital Advisory

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Private Equity Buyout Fund-of-Funds (FSANAGAD)

Keywords

• Alternative asset advisory
• Private fund placement
• Capital raising services
• Institutional investor advisory
• Hedge fund placement agent

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Advisory Services: PJT Park Hill earns fees for advising alternative asset managers on capital raising across private equity, real estate, infrastructure, and credit strategies. Revenue is generated through placement agent fees tied to successful fund closes and capital advisory engagements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Park Hill Group (PJT Park Hill) is a global alternative asset advisory firm acting as a placement agent and capital advisor to General Partners. It advises alternative asset managers — across private equity, real estate, infrastructure, credit, and hedge fund strategies — on primary fundraising, GP- and LP-led transactions, co-investments, programmatic joint ventures, and portfolio recaps, securing institutional capital from sovereign wealth funds, pensions, endowments, insurance companies, and family offices.

Product overview

Park Hill Group operates as a global alternative asset advisory firm offering capital-raising services across multiple asset classes. The firm provides five core service offerings: Private Equity Advisory (primary fundraising for PE and infrastructure managers), Private Capital Solutions (GP- and LP-led transaction advisory), Real Estate Advisory (dedicated real estate capital markets expertise), Alternative Credit/Hedge Fund Advisory (fundraising and structuring services), and Direct/Co-investment Placement (single-asset and co-investment capital raises). These services are delivered through specialized teams that advise General Partners and Limited Partners on strategic options throughout the fund lifecycle.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Equity Advisory Highly tailored primary fundraising services for private equity and infrastructure managers, focused on identifying and representing best-in-class managers across the private equity and infrastructure landscape.
• Private Capital Solutions Customized advisory services addressing asset, fund, and portfolio liquidity considerations across a wide array of GP- and LP-led transactions.
• Real Estate Advisory Capital advisory services exclusively dedicated to the real estate industry globally, covering fundraises, programmatic joint ventures, portfolio recaps, and customized capital solutions.
• Alternative Credit/Hedge Fund Advisory Best-in-class primary fundraising services combined with structuring of bespoke vehicles, product development, and customized insurance solutions for alternative credit and hedge fund managers.
• Direct/Co-investment Placement Deal-specific capital raising for both funded and independent sponsors across acquisition financing, growth capital, warehousing solutions, and co-investment funds.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves5 records

Broad incumbents

• Lazard (Private Capital Advisory): Lazard operates a global Private Capital Advisory group that provides fundraising and secondary advisory services to alternative asset managers. As a much larger, publicly-traded global advisory firm, it is a broader incumbent competitor with overlapping capabilities in placement and fund advisory.
• Morgan Stanley Investment Management Private Fund Group: Morgan Stanley's Private Fund Group raises capital for alternative asset managers, focusing on PE, real estate, infrastructure, and credit. As part of a bulge bracket bank, it offers broader capital markets capabilities alongside placement services, competing with PJT Park Hill on larger GP mandates.
• Wells Fargo Securities (Private Equity Services Group): Wells Fargo's Private Equity Services Group provides placement agent services to alternative asset managers globally, particularly in PE, real estate, and infrastructure. As a bulge bracket bank with extensive LP relationships, it competes with PJT Park Hill on larger mandates.
• UBS Private Funds Group: UBS's Private Funds Group (formed via Credit Suisse integration) provides placement agent and capital advisory services for alternative asset managers globally. As part of one of the world's largest wealth managers, UBS has a structural distribution advantage competing with PJT Park Hill.
• Houlihan Lokey: Houlihan Lokey operates a Capital Markets group with private fund placement and secondary advisory capabilities. As a broader global investment bank with restructuring expertise, it competes with PJT Park Hill on placement mandates and cross-sells with its restructuring franchise.
• Stifel Financial Corp. Stifel provides capital raising and fund advisory services to alternative asset managers through its investment banking platform. As a broader mid-market and large-cap investment bank, it competes with PJT Park Hill across asset classes, especially in real estate and credit.

Direct peers

• Eaton Partners: Eaton Partners (a subsidiary of Raymond James) is a dedicated placement agent and fund advisory firm raising capital across private equity, private credit, real estate, and infrastructure funds. Direct competitor to PJT Park Hill with a similarly focused, multi-asset class placement model.
• Greenhill & Co. Greenhill (now part of Mizuho) operates a dedicated fund advisory and placement agent practice advising alternative asset managers on primary fundraising and secondary transactions. Direct competitor to PJT Park Hill in the placement agent space.
• Evercore (Private Funds Group): Evercore's Private Funds Group is one of the largest dedicated placement agent franchises globally, advising GPs on primary fundraising, co-investments, and GP-led secondaries across PE, real estate, credit, and infrastructure. Direct competitor to PJT Park Hill in the placement agent space with overlapping client base.

Emerging players

• Lincoln International: Lincoln International has expanded into private fund placement and GP advisory services alongside its core M&A advisory business. As a growing mid-market advisor, it competes with PJT Park Hill on smaller and middle-market GP mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Park Hill Group