Guggenheim taps Park Hill execs to launch advisory unit – exclusive

A managing director and director at PJT Park Hill are leaving to set up a business focusing on GP-leds, Secondaries Investor has learned.

Two PJT Park Hill professionals are leaving the investment bank to launch a secondaries advisory unit at Guggenheim Securities, Secondaries Investor has learned.

Managing director Matthew Wesley and director Joseph Slevin have submitted their resignations and will join the New York and Chicago-headquartered investment and advisory firm, according to three sources familiar with the matter.

It is understood that the pair will join after a period of gardening leave.

Wesley joined Park Hill in 2018 from Coller Capital, where he had spent four years, according to his LinkedIn profile. At Coller he focused on structuring, negotiation and executing GP-led transactions, his profile on Park Hill’s website shows.

Slevin joined Park Hill at the same time as Wesley also from Coller, where he had spent three years, according to his LinkedIn profile.

Guggenheim Securities is the investment banking and capital markets business of Guggenheim Partners. The latter has more than $275 billion in assets under management and is active across investment management, investment banking and insurance services, according to its website.

The firm is the latest entrant to an increasingly crowded sellside market. Citi, Moelis and Duff & Phelps are examples of firms that have launched secondaries advisory capabilities in recent years.

PJT Park Hill advised on $14.5 billion-worth of secondaries deals last year – a 20 percent jump on its previous year’s transaction volume, according to the Secondaries Investor Annual Advisory Survey 2020 published in April. The firm’s 27 transactions included three single-asset restructurings, one strip sale and one tender offer.

PJT Park Hill did not return a request for comment. Guggenheim declined to comment.