Jake Foley, a former Deutsche Bank MD, has joined Houlihan Lokey’s financial sponsors coverage group. Foley, also a Houlihan MD, covers large-cap hedge funds, PE firms and select asset managers. Foley was previously head of Deutsche Bank’s transaction origination group. Houlihan Lokey, with offices in New York and Los Angeles, is an investment bank.
Houlihan Lokey, an international investment bank, today announced that Jake Foley has joined the firm as a Managing Director in the Financial Sponsors Coverage Group. In his new role, Mr. Foley covers large-capitalization hedge funds, private equity firms, and select asset management companies.
Mr. Foley, a 22-year finance industry veteran, joins from Deutsche Bank in New York where he was a Managing Director and head of the bank’s transaction origination group. Previously, Mr. Foley held senior-level business development positions at Banc of America Securities and Morgan Stanley, where he worked in high yield bonds and distressed debt. He started his career in the leveraged loan group of First Chicago.
“We are proud to welcome Jake to our industry-leading practice advising private equity and hedge fund managers,” said John Mavredakis, Senior Managing Director and head of the Financial Sponsors Coverage Group. “As our business evolves, we continue to expand our coverage capabilities and enhance our focus on providing both idea-driven and capital-markets focused advice. Jake will bring his broad leadership experience in transaction development and leveraged finance to the service of some of the leading private equity and hedge funds in the world.”
Mr. Foley holds the designation of Chartered Financial Analyst. He earned a Bachelor of Business Administration degree and a Master of Professional Accounting degree from the University of Texas at Austin, where he is a member of the university’s Development Board and Chancellor’s Council.
“I am excited to be joining Houlihan Lokey at a time when the firm is expanding domestically and globally,” Mr. Foley said. “I look forward to sharing our best ideas with the investment community and helping our clients achieve their desired results.”
About Houlihan LokeyHoulihan Lokey is an international investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm is ranked globally as the No. 1 restructuring advisor, the No. 1 M&A fairness opinion advisor over the past 10 years, and the No. 1 M&A advisor for U.S. transactions under $3 billion, according to Thomson Reuters. Houlihan Lokey has 14 offices and more than 800 employees in the United States, Europe and Asia. The firm serves more than 1,000 clients each year, ranging from closely held companies to Global 500 corporations.