PJT Partners

PJT Partners

PJT Partners was founded in 2015 when Paul J. Taubman, former head of Morgan Stanley's investment banking division, led a spin-off of the bank's restructuring and advisory unit. The firm went public the same year on the New York Stock Exchange under the ticker PJT, with Taubman as chairman and CEO. The firm's practice spans strategic advisory, M&A, restructuring, private capital advisory, and shareholder advisory. It advises clients on mergers, acquisitions, divestitures, and capital raising across sectors including technology, healthcare, energy, financial services, and real estate. Notable engagements include advising Hertz on its 2020 bankruptcy restructuring, and serving as lead advisor to SoftBank on its $40B sale of ARM to NVIDIA (which later collapsed). PJT Partners' geographic footprint covers North America, Europe, Asia Pacific, and Australia, with offices in New York, London, Hong Kong, Sydney, and other major financial hubs. As of 2026, PJT Partners employs approximately 1,200 professionals globally, including about 100 managing directors. The firm has no separate philanthropic foundation; its charitable giving is managed through corporate donations and employee matching. In 2025, the firm reported annual revenue exceeding $1.5B (per public filings, 2025). One recent operational event: In February 2025, PJT Partners advised Celanese Corporation on its $11B acquisition of DuPont's mobility and materials business (per public record, February 2025). PJT Partners' structural differentiator lies in its focused advisory model — it operates as a pure-play investment bank without the balance sheet conflicts of larger universal banks, allowing it to provide conflict-free advice on restructuring and M&A. This independence is a key selling point for clients who require unbiased counsel on large, complex transactions.