2021 Vault Rankings
At a Glance
“Collaborative culture—the people are incredibly friendly, willing to mentor, and very intelligent”
“Working on complex and interesting transactions, and significant exposure to senior management and clients”
“Extremely long hours”
“No protected Saturdays”
“Slowly losing that small-firm feel as we grow”
“Top-tier compensation has attracted good talent”
“Reputation is strong”
“Fantastic restructuring group”
About PJT Partners
PJT Partners is an advisory-focused investment bank headquartered in New York, with additional offices in Boston, Chicago, Los Angeles, San Francisco, London, Madrid, and Hong Kong. The firm was created in October 2015 after Blackstone’s advisory businesses merged with PJT Capital LP, a financial advisory firm founded by Paul J. Taubman in 2013, and simultaneously spun off to become an independent public company. The new company began trading on the New York Stock Exchange under the symbol “PJT” on October 1, 2015.
PJT Partners operates through the following business units: strategic advisory, PJT Camberview, restructuring and special situations, and PJT Park Hill.
PJT’s strategic advisory business is led by an experienced team of bankers that deliver solutions to companies, boards, and financial sponsors across numerous industries and geographies. PJT advises clients on some of the largest transactions across a variety of products and services, including M&A, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.
In the five years since its inception, PJT has announced more than $500 billion of M&A transactions. Recent notable M&A transactions include advising Legg Mason on its $7 billion sale to Franklin Templeton, GE on its $21.4 billion sale of its BioPharma Division to Danaher, AbbVie on its $63 billion acquisition of Allergan, and MGM Resorts on its $2.5 billion sale of MGM Grand to Blackstone. Recent capital markets advisory transactions include advising U.S. Treasury on the CARES Act for Passenger Air Carriers, Cerberus on its $800 million IPO of Albertsons, Carnival on $6.9 billion of debt and equity capital markets transactions, and Host Hotels & Resorts on its $2.5 billion credit agreement amendment.
The firm’s restructuring and special situations business is one of the most well known on Wall Street. It advises both large and middle market companies, financial sponsors, and creditor groups in financially distressed situations, both in Chapter 11 bankruptcy proceedings as well as for out-of-court restructuring, capital raising, and strategic advisory transactions. The group is ranked No. 1 in worldwide announced and completed restructuring transactions, and has been involved in many large and high-profile transactions, including recent restructurings for Windstream, PG&E, J Crew, LATAM Airlines, Revlon, Intelsat, Digicel, and Puerto Rico.
PJT Park Hill is a fund placement agent and financial advisory business providing private fund advisory and fundraising services for a diverse range of investment strategies. PJT Park Hill has groups dedicated to private equity, hedge fund/private credit, real estate, and secondary advisory. It has raised $375 billion in capital since inception and has relationships with more than 3,000 investors. PJT Park Hill’s secondary advisory business provides portfolio management solutions to global financial sponsors and their underlying limited partner investors. Secondary advisory services include fund continuation vehicles, LP fund portfolio sales, single asset transactions, team spinouts, GP stakes/financing, preferred equity, NAV financings, and direct investments. The team has executed more than $60 billion of secondary transactions.
PJT Camberview advises boards and management teams around the globe on shareholder engagement, strategic investor relations, activism and contested situations, sustainability, and complex corporate governance matters. PJT Camberview has advised on more than 330 complex proxy votes and campaigns, and over 100 activism preparedness and defense materials. Since its founding in 2021, PJT Camberview has advised more than 50 Fortune 100 companies.
PJT Partners employs more than 700 people and is led by Paul J. Taubman, its chairman and CEO.
280 Park Avenue
New York, NY 10017
Phone: (212) 364-7800
Employer Type: Public
Stock Symbol: PJT
Stock Exchange: NYSE
Chairman & CEO: Paul J. Taubman
2021 Employees (All Locations): 750
Hong Kong, CN
Los Angeles, CA
New York, NY
San Francisco, CA
Restructuring & Special Situations
PJT Park Hill