Moelis & Company has named Tim Fitzsimmons as a Managing Director in the firm’s Private Funds Advisory business that provides capital raising, secondary and other advisory services to private fund sponsors and limited partners. Mr. Fitzsimmons will officially join Moelis in August and he will be based in New York.
Mr. Fitzsimmons joins Moelis with more than 15 years of investment banking experience, having previously worked in Credit Suisse’s Private Funds Group. Prior to his time at Credit Suisse, Mr. Fitzsimmons spent four years in Citigroup’s Global Loan Capital Markets and Investment Banking groups.
“We are pleased to have Tim join our Private Funds Advisory business. He brings extensive marketing and distribution experience as well as deep relationships with general partners and institutional investors from around the world. As private fund sponsors continue to return capital to investors and look to raise new funds, Tim’s industry knowledge will serve our clients exceptionally well,” said Rick Leaman, a Managing Partner of Moelis & Company.
In addition to adding Mr. Fitzsimmons, Moelis has also held a final closing for Valor Equity Partners III, LP with $490 million in committed capital. The firm had been targeting $350 million for the new fund which invests in non-cyclical growth companies in the consumer, infrastructure, industrial services and manufacturing sectors.
Moelis & Company is a global investment bank that provides financial advisory, capital raising and asset management services to corporations, institutions and governments. With more than 550 employees, Moelis & Company serves its clients through 17 offices in North and South America, Europe, the Middle East, Asia and Australia (www.moelis.com).
Moelis established its Private Fund Advisory business in June 2014 with the appointment of Dave Brown, Patrick Dunleavy, Chris Kirsten, and Zaid Abdul-Aleem as Managing Directors. “Our Private Funds Advisory business has broadened Moelis’ capabilities and has made tremendous progress since its establishment last year. We are delighted to add Tim to the management team and announce this successful capital raise for Valor as evidence of that progress,” said Mr. Leaman.
© 2015 PEPD • Private Equity’s Leading News Magazine • 6-24-15