Evolve Capital

What Evolve Capital does

Evolve Capital Partners Inc. (DBA Evolve Capital) is a privately held boutique investment bank founded in 2012 and headquartered at 336 West 37th Street in New York City. The firm provides strategic advisory and investment banking services, specifically mergers and acquisitions advisory (buy-side and sell-side), capital raises (equity, debt, mezzanine, and placement agent), and financial restructurings (distressed M&A, creditor restructurings, DIP/emergence financing, 363 sales). Its client base targets technology-enabled service providers, SaaS-based firms, family offices, private equity firms, and corporate acquirers operating at the intersection of finance and technology, with exclusive vertical focus on Insurance and Capital Markets. The firm holds no proprietary technology product; its core assets are senior banker relationships, sector expertise, and a published research platform (Monthly Roundup, Quarterly Research, Research Blog, IPO Profiles) used for thought leadership and deal origination.

The firm's business model is transaction-fee based, with advisory fees quoted per engagement and tied to deal size, complexity, and engagement type under multi-year advisory relationships. Securities products are executed through regulated broker-dealer partners BA Securities, LLC and StillPoint Capital, LLC (both FINRA/SIPC members), which are separate, unaffiliated entities. The firm is led by Founder and Managing Director Alexander Koles (20+ years of M&A advisory experience, former Merrill Lynch Investment Banker) and Managing Director of M&A Max Prilutsky (former Partner at Changemaker Capital, private equity investor at Gryphon Investors, and Investment Banker at Merrill Lynch), with Director-level bench depth supporting deal execution. The team has 50+ years of combined transaction experience from Merrill Lynch, Houlihan Lokey, Citi, and other top Wall Street firms, and the firm has executed multiple transactions across Insurance (Safely, Pacific Crest Services, Insuritas, Kelly, Southwest Adjusters, Wakely), Capital Markets (Vanguard, ETF Global, Simpler Trading, Finmason), and adjacent verticals (ClinicalMind, Aegis, DocuPhase, Lease Dimensions, Calpian).

Evolve has operated for over a decade without external private equity or institutional backing, maintaining a founder-controlled ownership structure. Its competitive positioning is built on senior-level commitment to every engagement (no junior handoffs), independent and unconflicted advisory posture versus larger Wall Street institutions, and deep sector specialization that long-tenured relationships with Insurance and Capital Markets management teams, founders, and institutional investors. The firm is actively hiring (open Associate and Vice President roles in NYC) and is operationally active as of 2024-2026, with ongoing research publication, conference participation, and pipeline of disclosed transactions.

Name

Evolve Capital

Legal name

Evolve Capital Partners Inc.

Website

https://evolve-capital.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Evolve Capital Partners is a boutique investment bank that provides M&A, capital raises, and financial restructuring advisory to technology-enabled service providers, family offices, PE firms, and corporate acquirers in the Insurance and Capital Markets verticals.

Ownership category

akta.pro rank

Product category

Investment Banking Advisory Services

NAICS

Investment Banking and Securities Intermediation (523150)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro industry

PRIMARYBPAHADAB

Corporate Finance & Capital Advisory

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Strategy & Corporate Finance Advisory

SECONDARYFSAEALAI

Institutional Capital Introduction (LP/Family Office/Endowment Matching)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Placement Agents & Capital Raising Intermediation

Keywords

• Investment banking advisory
• Mergers and acquisitions
• Capital raises advisory
• Financial restructurings
• Insurtech advisory

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Investment Banking Advisory Fees: Evolve Capital generates revenue through investment banking advisory fees for mergers and acquisitions, capital raises, and financial restructuring engagements. Services include sell-side and buy-side M&A advisory, capital advisory, fairness opinions, and strategic financial advice. The firm operates as a boutique advisory with senior-level engagement on each transaction.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Evolve Capital Partners is a boutique investment bank providing strategic advisory and investment banking services to companies at the intersection of finance and technology. Core offerings include mergers and acquisitions advisory (buy-side and sell-side), capital raises advisory (equity, debt, mezzanine, and special situations), and financial restructurings advisory (distressed M&A, creditor debt restructuring, 363 sales, DIP financing). The firm also publishes executive research across Insurance and Capital Markets verticals.

Product overview

Evolve Capital Partners is a specialized investment bank offering strategic advisory services focused on the intersection of finance and technology. The firm operates three core advisory services: Mergers and Acquisitions Advisory, Capital Raises Advisory, and Financial Restructurings Advisory, all targeting companies in the Insurance and Capital Markets verticals. In addition to transactional advisory, Evolve provides an Executive Research platform comprising four distinct research products: Monthly Roundup (monthly market newsletters), Exclusive Research & Insights (quarterly deep-dive reports), a Research Blog (ongoing industry analysis), and IPO Profiles (database of public equity issuances). Together, these products and services serve technology-enabled solutions and financial services companies seeking M&A, capital raising, or strategic advisory support.

Differentiator

Problem solved

Functional benefit

Products and services

• Mergers and Acquisitions Advisory Investment banking advisory for buy-side and sell-side M&A transactions, including identifying potential buyers and sellers, valuation analysis, due diligence management, transaction structuring, and negotiation support. Targeted at technology-enabled companies in the Insurance and Capital Markets verticals.
• Capital Raises Advisory Senior-level independent advisory for executing financing and capital advisory engagements, including equity growth capital, debt capital (bank debt, senior debt, mezzanine), placement agent services, and special situations capital raising. Designed for technology-enabled companies in the Insurance and Capital Markets verticals.
• Financial Restructurings Advisory Investment banking advisory for distressed M&A, creditor debt restructuring, renegotiation of credit facilities, DIP/emergence financing, asset sales, 363 sales, and financial structure optimization. Aimed at companies facing financial distress or seeking to optimize their capital structure.
• Monthly Roundup Monthly newsletter providing summaries of key deals and market trends for the Insurance and Capital Markets verticals, updated monthly with PDF reports available for download. Distributed via email to the research distribution list.
• Exclusive Research & Insights (Quarterly Research) Quarterly in-depth industry research reports covering market trends, transaction themes, and deep dives into Insurance and Capital Markets sectors. Includes industry landscape reports and market analysis, updated semiannually.
• Research Blog Industry research blog featuring analysis of FinTech trends, M&A activity, market observations, and company spotlights covering the Insurance and Capital Markets verticals.
• IPO Profiles Comprehensive profiles of IPOs and equity issuances across nine FinTech sectors, documenting deal amounts, pricing, listing dates, and company descriptions for public market listings.

Quantifiable outcome

• Deep expertise from 10+ years in the FinTech investment banking space with demonstrated transaction track record

Named customers15 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Robert W. Baird & Co. Baird is a privately held investment bank and wealth manager with a sizable investment banking practice covering technology, financial services, and healthcare. It is comparable as a senior-led, mid-market-oriented boutique bank with similar sector coverage overlap.
• Piper Sandler: Piper Sandler is a mid-market investment bank with strong financial services and FinTech coverage. Comparable as a sector-specialized mid-market IB, though larger and more diversified than Evolve.
• Houlihan Lokey: Houlihan Lokey is a global boutique investment bank with strong M&A, capital markets, and financial restructuring practices, including coverage of FinTech and financial services. It is broader and significantly larger than Evolve but operates in the same boutique-IB category with senior-led engagements and an emphasis on mid-market mandates.

Direct peers

• JMP Securities: JMP (now part of Citizens) is a sector-focused investment bank with strong financial services, technology, and FinTech coverage. Its research-driven, vertically specialized model closely parallels Evolve's research and content strategy combined with M&A advisory.
• Marsh Berry & Co. Marsh Berry is a boutique advisory firm focused exclusively on the insurance distribution and InsurTech verticals, providing M&A advisory, consulting, and valuation services. It is one of the closest direct peers to Evolve in the insurance vertical, serving a similar client base of agencies, MGAs, TPAs, and insurance technology providers.
• Keefe, Bruyette & Woods (KBW): KBW is a Stifel-owned investment bank focused exclusively on financial services, with deep coverage of insurance, capital markets, and FinTech verticals. Its vertical specialization in financial services parallels Evolve's Insurance and Capital Markets focus, and it competes for similar M&A and capital raise mandates.
• Cascadia Capital: Cascadia Capital is a Seattle-based boutique investment bank focused on technology and financial services M&A in the middle market. Comparable in scale, senior-led engagement model, and vertical specialization.
• William Blair: William Blair is a boutique investment bank with a strong technology and financial services M&A practice. It is a comparable boutique-IB with senior-led engagement, mid-market focus, and content/research brand strength similar to Evolve.
• Lincoln International: Lincoln International is a global mid-market investment bank providing M&A advisory and capital raising services across multiple verticals including financial services and technology. It is a direct comparable in scale, business model, and mid-market transaction focus.

Others

• Cozen O'Connor (Corporate Finance / Investment Banking): Broader professional services firm with an investment banking practice; comparable as an alternative for mid-market advisory mandates in financial services, though not specialized in the same InsurTech/Capital Markets niche as Evolve.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/evolve-capital-partners-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments1 record

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

Frequently asked questions about Evolve Capital