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Perella Weinberg Partners
Joseph R. Perella and Peter A. Weinberg founded the firm in 2007, bringing decades of experience from Morgan Stanley and Goldman Sachs. The New...
Perella Weinberg Partners
Joseph R. Perella and Peter A. Weinberg founded the firm in 2007, bringing decades of experience from Morgan Stanley and Goldman Sachs. The New York-headquartered partnership was an explicit bet against the integrated bank model, focusing entirely on strategic advice without lending or capital-markets balance sheet risk. Both founders remain active, though day-to-day leadership now sits with CEO Andrew Bednar and President Dietrich Becker. Perella Weinberg concentrates on five practice areas: M&A advisory, growth capital and capital markets, restructuring and liability management, special committee assignments, and private funds advisory. Deal activity spans sectors including energy, healthcare, and technology. Confirmed mandates include lead financial advisor to BlackRock on its $12.5B acquisition of Global Infrastructure Partners, exclusive advisor to Shockwave Medical on its $13.1B sale to Johnson & Johnson, and investment banker to the FTX Debtors in their chapter 11 cases. The firm operates from offices in New York, London, San Francisco, Houston, Los Angeles, Paris, Munich, and other cities, deploying teams across North America and Europe. CEO Andrew Bednar and President Dietrich Becker lead a partnership group of roughly 120 partners and managing directors, with Peter Weinberg remaining as Chairman. The firm maintains no publicly disclosed AUM or proprietary investment pools. Its private funds advisory practice — focusing on GP-led secondaries, GP advisory, and fund secondaries — is its closest adjacency to actual asset management. In 2024, Perella Weinberg advised on at least four public transactions exceeding $8B, reinforcing its position as a top-tier independent deal shop. Perella Weinberg’s structural differentiator is its single-minded independence. By refusing to operate a lending desk or trading floor, the firm avoids the conflicts that arise when an advisor also competes with its clients for deal financing. That architecture has attracted a deep bench of senior-level partners. Its succession structure is also notable: Perella now serves as Chairman Emeritus, and the partnership rotates leadership through a broad group rather than anchoring the firm to one rainmaker.
General information
Firm type
Generalist
Year founded
2007
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
London · San Francisco · Austin · Denver · Houston · Paris · Munich · Chicago · Los Angeles · Palm Beach · Calgary
Principals
Andrew Bednar
Partner and Chief Executive Officer
Dietrich Becker
Partner and President
Peter A. Weinberg
Founding Partner and Chairman
Joseph R. Perella
Founding Partner and Chairman Emeritus
Sector focus
Frequently asked questions
What differentiates Perella Weinberg from bulge-bracket investment banks?
Perella Weinberg carries no lending book and no trading desk. That structural choice eliminates the conflict an integrated bank faces when it advises a client on an acquisition while also being asked to finance a competitor's bid. The firm's entire revenue base comes from advisory fees, aligning its incentives strictly with client outcomes.
Does Perella Weinberg manage capital or is it solely an advisory firm?
Perella Weinberg is primarily an advisory firm. It does not publicly report assets under management. Its private funds advisory practice assists alternative asset managers and their limited partners with GP-led secondaries and fund restructurings, but the firm itself is not a capital allocator in the traditional sense.
Who makes the day-to-day operating decisions at the firm?
CEO Andrew Bednar and President Dietrich Becker run the firm's daily operations. Founding Partner Peter A. Weinberg remains Chairman and is still involved in high-level strategic decisions, while Joseph Perella now serves as Chairman Emeritus.
How does Perella Weinberg source its mandates?
Mandates come almost entirely through senior partner relationships. The partnership includes over 100 partners and managing directors, many of whom spent decades at firms like Goldman Sachs and Morgan Stanley before joining. Their collective network — combined with a narrow focus on board-level strategic advice — generates deal flow across M&A, restructuring, and shareholder engagement.
What role did Perella Weinberg play in the FTX bankruptcy?
Perella Weinberg served as investment banker to the FTX Debtors in their chapter 11 cases, a restructuring engagement that involved over $20 billion in claims. The firm's restructuring and liability management practice led the advisory work, helping disentangle the collapsed crypto exchange's assets and liabilities.
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