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NEW YORK (Reuters) – Investment bank Evercore has hired a top Goldman Sachs dealmaker as a senior managing director to help boost its coverage of private equity firms and alternative asset managers, people familiar with the matter said on Friday.
David Camus, who was named global head of financial sponsor deals at Goldman Sachs last year, will join Evercore in the coming months after a period of leave, said the two sources, who asked not to be identified because the discussions are private.
Both Evercore and Goldman declined to comment.
Over the past year, Evercore has hired several top dealmakers from its competitors as it seeks to win more business from large companies and private equity firms amid a slowdown in dealmaking activity.
Those efforts are starting to pay off. Evercore ranked sixth in the global financial advisor league tables for the first half of 2024, up from 12th during the same period last year, according to data compiled by Dealogic.
Camus joined Goldman Sachs in 2016 and became a partner at the bank in 2020. Prior to joining Goldman Sachs, he spent the previous 10 years at Lehman Brothers and Barclays, according to his LinkedIn profile.
Earlier this year, Goldman Sachs hired two senior bankers from JPMorgan, Heidi Lee and Carsten Wohrn, to bolster its financial sponsor coverage group.
Deal activity involving private equity firms has picked up this year as buyout firms deploy more capital, after higher financing costs last year led to a slowdown in dealmaking. Global leveraged buyout volumes jumped 41% to $286 billion in the first half of 2024, according to Dealogic.