Who are the typical clients of Evercore's PCA?

The typical clients of Evercore's Private Capital Advisory (PCA) include private equity firms and venture capital funds. This focus is due to PCA's expertise in advising on private market transactions, which are most relevant to these types of firms. Private equity and venture capital entities often engage PCA for guidance on fundraising, portfolio management, and strategic transactions, such as buyouts or exits. The practices and offerings of PCA align closely with the needs of these clients, making them the primary target market for Evercore's advisory services.

In contrast, corporations seeking public offerings generally require different forms of advisory services focusing on investment banking rather than private capital advisory. Private individuals looking for investment advice are more likely to seek wealth management and personal financial planning services, which fall outside of PCA’s core responsibilities. Similarly, real estate developers seeking financing would typically engage with specialized real estate investment firms or general lenders, rather than a firm focused on private equity and venture capital advisory services.