Evercore Adds Apollo Veteran Cornell to Bolster Private Capital Markets
Event summary
- Dennis Cornell joins Evercore as Senior Managing Director in Private Capital Markets Group, based in New York.
- Cornell brings 25+ years of investment banking experience, including roles at Apollo Global Management, Moelis & Co., and Morgan Stanley.
- Evercore is expanding its private capital markets platform with a focus on debt/equity placements, securitization, and ratings advisory.
The big picture
Evercore’s hire of Dennis Cornell underscores the firm’s push to strengthen its private capital markets capabilities amid heightened competition in debt and equity placements. The move aligns with broader industry trends where independent advisory firms are expanding their product suites to capture more share from bulge-bracket banks. Cornell’s deep relationships with investment-grade and non-investment-grade clients could enhance Evercore’s origination capabilities, particularly in structured finance and opportunistic capital solutions.
What we're watching
- Client Relationships
- How Cornell’s sponsor and corporate relationships will accelerate Evercore’s capital markets growth.
- Competitive Positioning
- Whether Evercore can differentiate itself in private capital markets against peers like Apollo and Moelis.
- Execution Risk
- The pace at which Evercore integrates Cornell’s expertise into its existing platform.