Neil Shah Joins Evercore as Senior Managing Director

https://dailyalts.com/wp-content/uploads/2019/08/Neil-Shah-New-York.jpg

The Harvard law graduate has 20 years of private equity experience and will launch Evercore’s permanent capital business.

Neil Shah will join Evercore’s Investment Banking business as a Senior Managing Director in its Advisory practice.

Shah will focus on advising financial sponsor clients in the firm’s New York office. He will also launch and lead Evercore’s permanent capital business. The hiring confirms that Evercore will push into the world of special purpose acquisition companies, or SPACs.

[A SPAC is a listed special purpose acquisition company that issues capital via an IPO to acquire other companies]

Shah has worked as an advisor for 20 years. His most recent position was Managing Director with Citi. He founded and ran the company’s Alternative Capital Markets business. During his stint at Citi, he also ran the firm’s Private Capital Markets business.

“Neil has strong, well-established relationships throughout the financial sponsor industry, and he has served as a trusted and strategic advisor to many of the largest sponsors globally,” said Ralph Schlosstein, Evercore’s President and CEO in a statement. “We are confident he will be a superb addition to our global advisory team.”

Neil Shah on Joining Evercore

“I’m very excited to join Evercore,” Shah said in a press release. “The Firm’s approach to providing advice and its M&A, underwriting, distribution, trading, and research capabilities are an excellent fit with the needs of the clients that I cover. I look forward to bringing Evercore’s differentiated capabilities and approach to them.”

Prior to his stint at Citi, he was KKR’s head of equity capital markets. But his primary focus centers on SPACs. According to Yahoo!, Shah has completed more than 35 SPAC IPOs, over 30 SPAC Mergers and over 15 SPAC PIPE transactions since 2005.

In addition, Shah graduated from Harvard Law School and the University of Ottawa.

He is also a Chartered Financial Analyst.

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2020/07/equipment-3089883_640-evidation-article.jpg
Venture Capital: Health Data Analytics Platform Evidation Raises $45M
July 2, 2020     News, Venture Capital

Evidation Health’s Achievement platform collects everyday health data for use in innovative research and health platforms. Giving due emphasis to user privacy and controlled, permissioned health data, the platform gathers…

https://dailyalts.com/wp-content/uploads/2020/07/screenshot-www.weforum.org-2020.07.02-18_06_35.png
Artificial Intelligence: A UVC Robot Disinfects 4,000 Sq Ft Food Bank in 30 Minutes
July 2, 2020     Artificial Intelligence, News

MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL), Ava Robotics, and the Greater Boston Food Bank (GBFB) collaborated on a robotic solution to the problem of disinfecting a large area…

https://dailyalts.com/wp-content/uploads/2020/07/mockup-5288033_640.jpg
Alternative Investments: TrueMark Investments Launches A Structured Outcome ETF That Tracks the S&P 500 Index
July 2, 2020     Alternative Investments, News

TrueMark Investments has launched the TrueShares Structured Outcome (July) ETF (NYSEAMERICAN: JULZ) that offers investors exposure to the S&P 500 price index. The ETF is a “structured outcome” product, the…

https://dailyalts.com/wp-content/uploads/2020/07/india-1748445_1920.jpg
Digital Assets: Crypto Gathers Pace in India After Top Court Decision
July 2, 2020     Digital Assets, News

The Supreme Court of India recently struck down a circular issued by the Reserve Bank of India that barred banks from serving crypto businesses such as traders, exchanges, or others….