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Joseph Perella Starts Financial Company
Thursday June 15, 7:18 am ET
Joseph Perella Raises $1B to Found Financial Services Company Perella Weinberg Partners


NEW YORK (AP) -- Joseph Perella, the mergers-and-acquisitions heavyweight who left investment bank Morgan Stanley last year, on Wednesday said he formed Perella Weinberg Partners, a new financial services company that will provide corporate advisory and investment management services to global clients.



The company said it has raised more than $1 billion from 11 investors in the U.S., Europe, Japan and the Middle East to seed investment initiatives and help establish and operate the company.

One company is Istithmar PJSC, a Dubai investment company, which contributed $100 million, Istithmar said.

The company has 11 partners in New York: Tarek Abdel-Meguid, Julio Garcia, William Kourakos, Titus Leung, Amr Nosseir, Ralph Pellecchio, Joseph Perella and Peter Weinberg. Three partners in London include Bernard Gault, Paulo Pereira and Philip Yates. Dietrich Becker will join as a London partner on June 20.

The company has a total of 30 staffers.