Raymond James taps Houlihan Lokey MD for North America role

Raymond James has hired a top executive from Houlihan Lokey as it bulks up its private capital advisory practice.

Jeffrey Bollerman will join the bank as a managing director based in New York. He will be situated in the private capital advisory group and will work with global head Sunaina Sinha.

Bollerman’s appointment “further strengthens our sponsor-led and LP secondaries solutions practice, bolstering our team of over 40 in private capital advisory”, Sinha said in a statement shared with Secondaries Investor. “Adding his expertise to our team further strengthens our commitment to providing industry-leading service to clients in this growing segment.”

Bollerman is a Houlihan veteran who joined the bank in 2011 and has worked on illiquid financial assets such as secondaries trades. He was most recently an MD in the financial institutions group, according to his LinkedIn profile.

Bollerman was a founding member of Houlihan’s secondaries practice, according to the statement. Prior to Houlihan, he was at trading platform SecondMarket, now part of NASDAQ, and was also head of private equity product development at Citigroup.

The hire comes after the October appointment of David Brown as managing director and head of strategic limited partner relationships. Brown joined after spending eight years at Moelis & Company, where he had been head of North American distribution within its private funds advisory business.

Bollerman’s work has recently focused on the coverage of longevity and mortality-related assets, including life settlements.

Raymond James agreed to acquire Cebile Capital in 2021. The unit’s goal is to be the market leader in PE mid-market GP-led deals and placement, Sinha told Secondaries Investor at the time of the agreement.

New York-listed Raymond James managed $1.09 trillion in total client assets across its private client, capital markets, asset management and banking groups as of end-September, according to its website.