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A Peak At The Perella Firm: No Private Equity

What kind of firm will the new Perella Weinberg Partners be? It most likely will not be a private equity fund, according to Philip Yates, one of four PWP partners based in London.

What kind of firm will the new Perella Weinberg Partners be? It most likely will not be a private equity fund, according to Philip Yates, one of four PWP partners based in London. “There are too many potential conflicts of interest,” Yates, formerly co-head of M&A in Europe at Merrill Lynch, told The Times of London. The firm, which opened Thursday in New York with $1 billion reportedly from 11 of the biggest financial institutions and wealthy families, also includes among its partners Tarek Abdul-Meguid, who exited Morgan Stanley last year with Joseph Perella; and William Kourakos, also an MS alumnus, who together with Meguid will head PWP’s investment management division.

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