Moelis & Company announced the appointment of Matt Wesley as the Global Head of its Private Funds Advisory (PFA) business. This strategic hire is a key step in the firm's aggressive scaling of its PFA capabilities.
The Private Capital Advisory (PCA) business, also referred to as PFA, is viewed by management as a significant opportunity and a potential 'third or fourth leg' for the firm. It is expected to generate substantial revenue, potentially 'a couple of hundred million dollars or more'.
Wesley's appointment is part of Moelis's broader strategy to expand its addressable market and drive revenue growth in high-growth areas. This initiative is critical for offering holistic solutions to private equity firms and enhancing the core M&A business.
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