Evercore’s Strategic Advisory business provides differentiated strategic and tactical advice as well as unparalleled execution to both public and private companies across a broad range of industry sectors and geographies. We help our clients identify and pursue strategic priorities, devise strategies to enhance shareholder value, and develop new ideas and deeper perspective to achieve their goals. We advise boards and management teams on how to successfully develop relationships with and communicate their strategies and M&A transactions to their shareholders. Our success begins and ends with an unrelenting commitment to delivering world-class strategic and financial advice and client service.

  • Mergers & Acquisitions

    In advising companies on an acquisition, merger, or sale, we evaluate potential targets, provide valuation analyses, and evaluate and propose financial and strategic alternatives. We provide boards and management teams with independent judgment and deep expertise as they navigate their most important transactions and strategic decisions. We also advise as to the timing, structure, financing, and pricing of a proposed transaction as well as assist in negotiating and closing the deal.

  • Strategic, Defense & Shareholder Advisory

    Evercore is widely regarded as the leading shareholder activism and raid defense advisor in the world. Our team has advised over 400 companies facing hostile activity, including companies involved in many of the largest and most high-profile activist campaigns and hostile defense assignments in recent years. Our dedicated team of professionals, extensive experience, insights into activist tactics, expertise in assisting companies with shareholder engagement and innovative defense strategies are instrumental in helping clients prepare for, avoid, and, if required, defend against activist investors and hostile takeover attempts. In public company situations, Evercore’s strategic shareholder advice is an integral part of our M&A practice and is a decisive edge for clients seeking to obtain shareholder support for their transactions.

  • Special Committee Assignments

    Evercore has a leading Special Committee practice, which is driven by, and exemplifies, our overall commitment to independence, discretion, objectivity, and the delivery of unconflicted advice. Our team, which is comprised of some of the leading and most experienced bankers in the industry, has a long history of providing impartial advice to Special Committees and assisting them to meet fiduciary duties and obligations in significant situations. These senior bankers are deeply involved in all aspects of an assignment and have advised Special Committees on a wide range of transactions and complex situations.

  • Transaction Structuring

    Evercore provides integrated advice in connection with the structuring of public and private transactions – including mergers, spin-offs, sales, joint ventures, and capital markets offerings – intended to optimize tax, accounting, and other objectives of the deal. Our team is led by the former head of the tax practice at a major law firm with over 35 years of experience in transactional work. We work closely with our clients and their legal and tax/accounting advisors to deliver the optimal structuring solutions.

Evercore provides independent financial restructuring advice to companies, creditors, shareholders, and other stakeholders, both in- and out-of-court. We specialize in providing critical and unbiased advice to clients on complex balance sheet issues and transformational situations. Our team is uniquely positioned due to its seamless integration with Evercore’s strategic advisory bankers around the world, ensuring clients receive holistic advice across the full spectrum of potential alternatives. Our group is distinguished by its track record of developing and implementing innovative solutions that forge consensus among diverse stakeholders, maximize value and minimize execution risk.

Our experienced senior-led Restructuring team works closely with Evercore’s strategic advisory bankers to ensure that our clients receive seamless and unparalleled advice. We have advised on the largest and most complex restructuring situations with:

  • Challenging stakeholder negotiations
  • Obtaining covenant waivers and amendments
  • Structuring and executing liability management transactions such as exchange or tender offers and consent solicitations
  • Raising new debt and equity capital for complex and/or highly leveraged situations
  • Designing and implementing financing-driven recapitalizations
  • Buying or selling non-core assets or entire companies in a distressed context
  • Developing, negotiating and executing prepackaged or pre-arranged chapter 11 restructurings
  • Traditional chapter 11 restructurings
  • Cross-border and international recapitalizations
  • Providing expert valuation and testimony services

    Evercore is lead advisor on many of the largest and most complex corporate balance sheets in the global capital markets. Our flexible and integrated teams develop trust with clients by focusing on objectives and facts, not capital markets products. Functionally, Evercore can act as an independent advisor, capital placement agent, or underwriter based on each client’s circumstances and preferences.

    • Equity Capital Markets

      Evercore’s Equity Capital Markets (ECM) team provides equity and equity-linked capital markets advice and execution designed to complement our firm’s formidable corporate advisory platform. With professionals in New York, Menlo Park, and London, the ECM team provides our clients with independent advice, experienced judgment, and key insights on all aspects of capital formation and capital markets transactions.

      Evercore’s model has gained significant credibility with our most valued clients, enabling us to provide thoughtful and candid advice around some of the largest and most complex transactions in the capital markets.

      Evercore’s ECM team has the flexibility to engage with our corporate clients as an underwriter or an independent advisor. Select assignments completed by the ECM team have ranged from acting as GM’s sole financial advisor on its historic IPO, a bookrunner on the two largest IPO’s of 2016 for MGP Growth Properties and Athene, as well as bookrunner on Axovant, the largest US Biotech IPO ever. In 2017, select assignments completed by the ECM team included its role as bookrunner on follow-on offerings from Dermira, UniQure, and Hurricane Energy. While traditional equity and equity-linked products are a core part of the ECM’s team’s value proposition, capital markets advisory around M&A, dual-track processes, and merger structuring are other core competencies

      Product Focus:

      • Initial Public Offerings
      • Follow-ons
      • Convertibles and Derivatives
      • Rights Offerings
      • Equity Private Placements
      • Share Repurchases
      • At-the-Market Programs
      • Special Situations Capital Raising
    • Debt Advisory

      Evercore provides independent advisory to corporate clients on all debt capital markets products globally. The Debt Advisory team is fundamentally integrated with and works in close partnership with Evercore’s strategic advisory platform.

      In addition to providing independent advice and unparalleled technical expertise in traditional debt products, Evercore acts as a placement agent for clients raising private credit investments, providing differentiated distribution to leading global institutional investors.

      Our experience includes many of the world’s most complex, challenging and innovative fixed income and credit mandates, consisting of:

      • Global acquisition finance
      • Maturity extension, capex or dividend financing
      • Complex covenant or structure modifications
      • Bank, bond, alternative and structured finance
      • Credit ratings advisory
      • Derivatives and hedging advisory
      • DIP and exit financing
      • Islamic finance
    • Private Placements Advisory

      Evercore is a leader in structuring and executing private market transactions for our public and private corporate clients who require direct private equity, credit, or hybrid financing solutions.

      Our dedicated Private Placements Advisory Team has extensive experience executing complex transactions to address the objectives of our clients, including:

      • Private “secondary” sales of equity stakes / shareholder replacements
      • Acquisition-related private equity or debt financing
      • Growth capital
      • Equity recapitalizations / debt refinancings
      • Formation capital
      • Project financing
      • Other situations requiring creative private capital financing solutions

      Evercore’s differentiated relationships with a global network of investor decision makers enables us to connect our clients with “traditional” investors such as private equity funds, mutual funds, hedge funds, and alternative lenders as well as with an extensive network of “non-traditional” capital partners such as large family offices, global pension funds and endowments, sovereign wealth funds, insurance companies, and strategic investors.

      Evercore’s comprehensive private placements product suite includes:

      • Traditional and pre-IPO equity private placements for private companies
      • Private convertible and hybrid securities
      • Private Investments in Public Entities (“PIPEs”) for public companies
      • Senior and subordinated structured private debt
      • Royalty financings
    • Market Risk Management and Hedging

      In conjunction with our M&A and Debt Advisory teams, our Market Risk Management and Hedging team advises our clients on all aspects of market-related risks arising from foreign exchange, interest rates, inflation, and commodity prices in connection with cross-border M&A and financing transactions. We assist our clients in determining a market risk strategy in line with their financial objectives and risk appetite and design a strategy for approaching the market that balances competitive pricing against the need to maintain confidentiality in relation to prospective transactions. We use our extensive network of banks as well as our clients’ relationship counter-parties to execute resultant trades, which we parallel price to ensure transparency and achieve final terms at target levels.

    • Private Capital Advisory

      Evercore’s Private Capital Advisory (PCA) team is a leading global secondaries market advisor with over 70 professionals focused on both providing strategic advisory services to financial sponsors across a variety of portfolio and fund management objectives and advising limited partners on liquidity solutions for their private asset portfolios. PCA has been named Private Equity International’s (PEI) Secondaries Advisor of the Year in the Americas every year since 2016, as well as Secondaries Advisor of the Year in Europe for 2020. Many of their transactions across the globe have won PEI’s Deal of the Year on numerous occasions.

    • Real Estate Capital Advisory

      Real Estate Capital Advisory (RECA) is an integrated real estate platform which provides a broad range of advisory services to real estate sponsors and limited partners. RECA raises capital from institutional investors and provides strategic advisory for a variety of private real estate vehicles, including commingled funds, joint ventures and separate accounts, focused on a wide range of sectors, geographies and risk/return profiles. RECA has extensive, longstanding relationships with over 3,000 institutional investors globally and has successfully advised first time real estate sponsors on entering the market and existing sponsors on new product offerings and on diversifying their capital base. In addition to raising capital for private real estate vehicles, RECA develops bespoke advisory solutions for real estate sponsors through private M&A transactions, recapitalizations, asset-spin-outs and restructurings. In collaboration with the wider PCA group, RECA advises limited partners on real estate strategy, portfolio management, valuation and monetization of illiquid investments including secondary transactions. With seven offices across four continents, RECA is uniquely positioned to fulfill the specialized needs of its clients globally.

    • Private Funds Group

      Evercore’s Private Funds Group (PFG) is recognized as one of the leading groups in primary capital advisory and placement. The team provides comprehensive global advisory and distribution services to select private fund sponsors globally. Employing a distinct and rigorous approach to partnership, PFG advises and executes on all aspects of the fundraising process from competitive positioning and market assessment, preparation of marketing materials, investor development through to close. PFG has been at the forefront of successfully transitioning its business to the virtual fundraising world through the COVID-19 environment, demonstrated by a year of strong execution and fund closes. The team had an impressive virtual fundraising track record, closing more funds virtually than anyone else in the industry.

    At Evercore ISI, our experienced Research, Sales and Trading professionals deliver superior client service on a content-led platform. Every day, we strive to be The Street’s best investment research resource to support our clients’ overall money management needs. Our best-in-class approach consists of:

    • publishing investment research that is accurate, relevant, timely, clear, and concise.
    • producing innovative, original research that uncovers relevant investment ideas not fully discounted by the markets.
    • understanding our clients’ overarching needs, and providing them with the best possible customized solutions.
    • attracting and retaining a highly effective team of professionals who take pride in helping make our clients successful.

    To learn more about our approach, click here.

    Evercore ISI Approach

    INTEGRITY provides the foundation upon which we build strong relationships with each other, our clients, and with the community.

    SERVICE separates us from the competition. Put simply, we strive to exceed all expectations. Our customer-oriented approach allows us to assure each client that we value and respect their needs.

    TEAMWORK extends into all segments of our corporate life. Teamwork helps build relationships and knowledge, increasing the odds of excellence throughout the firm.

    EXCELLENCE inspires us to commit our energy and resources to the never-ending pursuit of providing our clients the best research services and products.

    FUN helps us to translate our enjoyment of work into the business environment which creates camaraderie and friendship amongst ourselves and our clients.

    BALANCE allows us to create an environment where our employees can achieve personal satisfaction and professional excellence

    Evercore ISI has some of the best analysts in sell-side research. In 2022, we again claimed the top spot for independent firms in Institutional Investor’s All-America Equity Research survey and, for the first time, ranked #1 among all firms for analysts on a weighted basis. We are very proud of Evercore ISI Chairman Ed Hyman, who garnered the #1 position in economics, a recognition he has earned 42 times in the survey’s 50-year history.

    Our ability to combine Macro and Fundamental analysts’ work into investment themes has proven to be a strong differentiator in the equities business.

    The Evercore ISI Strategy team has published a deep dive into Generative AI and the impact on productivity, industries and occupations. For details, click here.

    Macro
    • China

      The China Research Team is led by Neo Wang, who spent his first 25 years in China. Neo and his team analyze factors that form the basis of China's macro conditions and prospects, employing a global approach wherever applicable. Coverage includes the economy, financial markets, fiscal and monetary policies, inflation, industry and industrial policies, consumption, real estate, infrastructure, energy and environment, trade, cross-border investment, currency, commodities, technology, demographics, healthcare, gaming in Macau, domestic and elite politics, foreign relations (with U.S.‐China as the focus) and geopolitics.

      The team's primary publications include opinion pieces on the latest data releases, policy announcements and developments home and abroad, as well as theSat Nite weekly highlights piece, a team staple since 2012. Neo also hosts the monthly webinar China Up-to-Date to recap recent events and share his latest thoughts.

    • Company Surveys

      Company Surveys, started in 1993 and headed by Oscar Sloterbeck, is Evercore ISI's proprietary method of monitoring the economy on a weekly basis. The team talks to CFOs, treasurers and other senior executives at more than 50 companies in 29 economically sensitive industries, producing surveys that provide timely signals on a bottom-up basis about the direction of the economy and inflation.

      The team also conducts sentiment and allocation surveys of hedge funds, long-only institutional equity managers and institutional bond managers, as well as a monthly State Tax Receipts Survey across 16 states, capturing 64% of the U.S. population.

    • Economics

      The Economics Team, headed by Ed Hyman, analyzes and forecasts global economic conditions, including GDP, inflation and interest rate trends. Ed's team includes senior economists Stan Shipley and Dick Rippe. Dan is the past president of the National Association for Business Economics and a former chairman of the Conference of Business Economists.

      The team's primary publications are the Weekly Economic Report and Daily Economic Report, which review key economic and financial market events. Other weekly publications are the Indicator Update and Weekly International Highlights. Monthly publications include International Economic Review and Charts of the Month. The team also works with clients on special projects.

    • Fixed Income Strategy

      The Fixed Income Strategy Team, headed by Stan Shipley, reviews key capital market developments derived from macroeconomic outlooks and generates investment strategies around these events.

      Formed in 2007, the New York-based team's daily and weekly research publications are the Capital Market Chronicle and Afternoon Note. With years of experience in economic research, Stan focuses on the influence of high-frequency economic events on global capital markets.

    • Global Policy and Central Bank Strategy

      The Global Policy and Central Bank Strategy Team focuses on the intersection of economic policy and politics with macroeconomics and markets. The team analyzes global monetary policy, with a special focus on the G3 central banks (Fed, ECB, Bank of Japan), Washington politics and U.S. fiscal policy, as well as international political, economic and policy developments with the potential to move markets. Led by Evercore ISI Vice Chairman Krishna Guha and Senior U.S. Policy and Politics Strategist Tobin Marcus, the team provides thought leadership and differentiated analysis grounded in first-hand, senior-level experience in policy and politics.

      The team also adds value and depth to Evercore ISI's fundamental and macro coverage of significant event-driven and market-impacting issues, including Washington activity related to mergers and congressional investigations.

    • Portfolio on Derivative Strategy

      The Portfolio Strategy Team, headed by Julian Emanuel, focuses on market, sector, industry and asset-class analysis using a blend of macroeconomic and fundamental factors. This combined approach creates a framework to interpret data with respect to medium- and long-term asset allocation. Using macro, technical and fundamental data, the team employs quantitative tools to help investors extract actionable conclusions from the mountains of data now available to them.

      With a view of all models as imperfect approximations of the real world, the Strategy Team also offers daily commentary on market-changing events with a focus on short-term tactical ideas.

    • Technical Analysis

      The Technical Analysis Team, headed by Rich Ross, analyzes global price patterns across stocks, commodities, currencies and credit. This cross-asset approach to technical analysis allows the team to develop top-down macro themes which can then be expressed from the bottom up through high-conviction stock, sector and market calls, in addition to offering a framework for managing risk more broadly.

      The team's primary publication is the Sum of the Charts, a comprehensive chartbook published throughout the week, offering market commentary, insights and specific recommendations. The Technical Analysis team also collaborates with Evercore ISI’s Fundamental analysts to deliver targeted cross-asset advice and perform bespoke research for clients upon request.

    Fundamental
    • Consumer

      Broadlines & Hardlines

      Evercore ISI’s Broadlines & Hardlines Team, headed by Greg Melich, provides differentiated, proprietary and actionable investment research on the multichannel retail industry across an array of the nation’s largest retailers. Greg, a CFA with over 20 years of expertise as a top-ranked analyst in both Europe and North America, is joined by senior analysts Oliver Wintermantel and Michael Montani in covering 28 companies in auto parts, consumer electronics, ecommerce, general merchandise, home improvement, home furnishing, sporting goods, dollar stores and pet supplies.

      To create a uniquely valuable source of industry research for institutional investors, the team conducts extensive fundamental, macro and bottom-up analysis, including proprietary leading indicators, consumer surveys, vendor/channel research and macro-consumer studies.

      Broadlines & Hardlines also hosts numerous industry-access events, video updates and webinars as well as an annual industry summit connecting investors, business leaders and experts in an intimate format.

      Global Beverages and Household Products

      Robert Ottenstein’s team bases its research on extensive fundamental analysis and broad industry contacts combined with insights from Evercore ISI's Macroeconomic and Retailing teams.

      The Global Beverages and Household Products Team also hosts numerous industry-access events connecting investors and industry experts.

      Homebuilders & Building Products

      The Housing Team, headed by Stephen Kim, focuses on actionable investment ideas and bases its proprietary research on extensive fundamental analysis. For insight into market trends and a differentiated qualitative analysis, the team conducts significant primary research through market field trips, company visits, and discussions with leading industry experts and economists. Stephen, who has covered the sector since 1992, has been recognized by Institutional Investor magazine as the top-rated analyst in the space every year since 2016.

      Restaurants and Food Producers

      David Palmer leads the Restaurants and Food Producers Team in delivering proprietary, timely and actionable investment ideas that incorporate themes across the consumer landscape. The team conducts detailed bottom-up fundamental analysis, then overlays it with a top-down macro perspective to create a relevant valuation framework. David, who has been covering the sectors for over 18 years, leverages his broad industry contacts to identify megatrends in the world of eating and tie them into investable conclusions.

      Department Stores & Specialty Softlines and Healthy Lifestyles (Retailing)

      The Retailing Team, headed by Omar Saad and Warren Cheng, focuses on actionable investment ideas and proprietary research on retailing/department stores & specialty softlines stocks. The team delivers differentiated investment frameworks and key market and consumer insights to help clients navigate the ever-changing consumer discretionary landscape. Omar and Warren also work closely with Evercore ISI's Macroeconomic and Real Estate teams to produce relevant context for their ideas.

    • Energy

      The Evercore ISI Energy Team has been a dominant research influence on Market Street for a decade. Highly ranked across multiple industry verticals, the team covers traditional energy (oil & gas), sustainable technologies and clean energy as well as other emerging low-carbon businesses and enablers.

      Integrated Oils and Oil & Gas Exploration & Production

      Steve Richardson's Oil & Gas Team is responsible for the firm’s commodity price view (crude oil, natural gas) and coverage of 30+ names across the global upstream. Steve has covered E&P since 2006, and his team is noted for detailed, company-specific analysis and investment ideas as well as access to management teams across the sector.

      Oil Services & Equipment and Drilling

      James West heads the team focused on every major subsector of the oil service space, including large-cap diversified companies, major capital equipment providers, offshore and onshore drillers, niche technology companies, energy infrastructure equipment producers and offshore support providers. James has covered the oil services & equipment drilling sector for over 20 years. The Oil Services Team provides bottom-up and top-down research, industry-leading capital spending surveys and thought-provoking thematic work. Other offerings include field trips, management meetings, site visits and conferences.

      Liquefied Natural Gas

      The LNG Team covers the global liquefied natural gas market with a particular focus on U.S.-listed LNG exporters, regasification importers and project developers. The team tracks the development of global liquefaction and regasification terminals as well as trade flows to provide top-down industry analysis of the rapidly evolving international LNG import/export markets. Team leader Sean Morgan's previous work in project finance debt syndication and buy-side research, and his deep understanding of the global, clean energy renewables and commodity markets, fortifies the team's broader research work.

      Power & Utilities

      The Power & Utilities Team, led by Durgesh Chopra, provides bottom-up and top-down research coverage on regulated electric, gas and water utilities and merchant power companies.

      The team's timely investment ideas are the product of detailed individual company financial analysis and a long history of dialogue with industry leaders and state and federal regulators, as well as a nuanced understanding of the macro-economic drivers impacting the overall attractiveness of the industry's subsectors.

      Global Chemicals

      Steve Richardson’s team looks at a broad cross-section of the global petrochemical industry, including commodity-exposed and specialty chemical producers. Levering a deep understanding of the global hydrocarbon value chain, the Chemicals Team covers the industry from top to bottom, with a particular focus on important verticals within the materials sector, including industrial gases and coatings.

      Sustainable Technologies & Clean Energy

      Led by James West, the Sustainable Technologies & Clean Energy Team covers the key verticals of the broader energy transition with detailed fundamental research on companies involved in solar and wind power, battery and power storage technologies, hydrogen, carbon capture, utilization and storage, EV charging and global clean energy policy.

      The focus is on key stocks in what promises to be a multidecade investment trend. The team believes the energy transition and the move toward a more sustainable and circular economy is the largest change to the global economy since the Industrial Revolution—the most significant mustering of capital in history—and represents a once-in-a-century opportunity for investors.

      Well integrated with ISI's Global Automotive, Battery Materials, and Utilities teams and Evercore's policy efforts in Washington, D.C.—and backed by 20+ years of experience covering traditional energy—the Clean Energy Team offers a truly original alternative approach to the sector.

      Battery Materials

      Steve Richardson leads this team in covering important material precursors to the global battery industry, including lithium, graphite and cobalt. Strong collaboration with the Clean Energy and Global Automotive teams gives Battery Materials a broader yet specialized approach to the industry's electric mobility megatrend.

    • Financials

      Brokers, Universal Banks, Asset Managers and Trust Banks

      Glenn Schorr’s team is responsible for the coverage of companies across five subsectors of financial services—brokers, universal banks, traditional asset managers, alternative asset managers and trust banks. Clients enjoy the team’s ability to think through key macro and company-specific drivers and provide informed opinions on asset allocation decisions and positioning across financials.

      Glenn’s team has a long history on both sell- and buy-sides and has amassed a wide range of industry contacts and management relationships to help bring interesting perspectives to their clients. The team stays on top of key industry trends across banking, trading, lending, the regulatory backdrop, the manufacturing & development of new financial products as well as the multiple channels that distribute them, and the evolving and expanding landscapes of wealth management and private markets investing.

      Regional Banks and Specialty Finance

      John Pancari leads the team covering 17 companies in the broad regional banks space, as well as six companies in the specialty finance sector—including five major credit card players. The team is noted for its well-honed relationships with companies and industry players, access to management, timely deep dives into complex areas impacting the U.S. financials, and hawkish eye on developing industry trends.

      John and his team also maintain a tight collaborative relationship with peer Evercore ISI Financials analysts, frequently hosting client/corporate events and publishing joint research on relevant industry themes.

      Insurance

      Tom Gallagher heads the insurance team and has covered life insurance and multi-line insurers for over 20 years. Tom’s research focus has been on assessing tail risks on the liability side (long-term care, variable annuities), asset quality and capital adequacy. His partner, Dave Motemaden, covers property & casualty insurers and insurance brokers, using a similar balance sheet-focused analytical approach. The Insurance Team provides bottom-up and top-down research and industry-leading analysis of regulatory filings.

    • Global Automotive

      The Global Automotive & Mobility research franchise is a global team of five led by Senior Managing Director Chris McNally, who has earned a reputation for cutting-edge, bottom-up AutoTech analysis and thought-provoking thematic research. The team's research attempts to take a medium-term view, with the primary goal of helping clients generate investment alpha across subsegments in the growing field of automotive & mobility end markets.

      The Automotive Team has a deep understanding of the industry and the associated implications for each company's financial and equity performance. Chris spent nearly 15 years following the industry from the buy-side and offers clients a unique and like-minded approach to both short- and longer-term market drivers. Since joining Evercore in 2015, he has played a pivotal role in the expansion of the firm’s AutoTech coverage into the broader world of electrification (charging co-coverage, hydrogen) as well as advanced driver assistance systems and autonomous & shared mobility (Uber/Lyft co-coverage). Chris serves on the advisory board of the BioPhysical Economics Institute.

    • Health Care

      Large-Cap Biotechnology, Major Pharmaceuticals, and Specialty Pharmaceuticals

      Umer Raffat leads the research effort in these stocks, providing timely, actionable investment ideas and differentiated proprietary research. Umer’s team provides clients with research on fundamental topics, including specialty and generic pipeline development, patent law and M&A drivers. His investment research style aims to consistently provide unbiased, data-driven investment ideas through key take-away analyses, webinars and in-person meetings. In addition to deep-dive analyses on clinical, financial and market data, Umer provides data tidbits and on-the-fly analysis in response to breaking news.

      SMID-Cap Biotechnology

      The SMID-Cap Biotech Team, jointly led by Josh Schimmer and Liisa Bayko and Gavin Clark-Gartner, focuses on small-, mid- and select large-cap biotechnology companies. The team takes a holistic view of the biopharmaceutical sector, delivering differentiated analysis pertaining to all aspects of the biopharmaceutical lifecycle. The group is oriented toward actionable investment ideas, nonconsensus outlooks and deep dives that simplify complex topics such as basic science, clinical trials, commercial outlook and competitive threats. The team publishes timely in-depth reports, hosts calls with key opinion leaders, and produces weekly thought pieces on topics of importance to investors, whose feedback and questions are key to helping the team bridge the gap between science and investments.

      Health Care Technology & Distribution

      This research team, headed by Elizabeth Anderson, focuses on actionable investment ideas and proprietary research in three key areas:
      • Health care services (drug stores, drug distributors, contract research organizations and providers)
      • Dental (manufacturers and distributors)
      • Health care technology (software, tech-enabled providers and telehealth)

      Elizabeth has been writing research on health care companies for more than a decade. She and her team provide investors with insightful and actionable analysis that helps make sense of these diverse and evolving industries. Highly responsive to clients, the team organizes differentiated events (e.g., Labor in Healthcare symposium and Discourses in Digital Dentistry) and expert access.

      Medical Supplies & Devices and Life Science Tools & Diagnostics

      This research team, headed by Vijay Kumar, focuses on actionable investment ideas and proprietary research in the following areas:
      • Life science & diagnostic tools (life science tools, contract research organizations and diagnostics)
      • Medical supplies & devices (cardio, ortho and supply names)

      Vijay has been conducting research on health care companies for more than 10 years. He and his team produce thoughtful, timely research and differentiated periodicals. The team performs deep industry analyses and thematic research and has a history of strong stock selection and accurate earnings estimates. Responsive and easily accessible, team members also provide specialized corporate access via EU and China field trips, expert access events and other offerings.

    • Industrials

      David Raso heads the Industrials and Machinery Team, providing clients with an investment edge through bottom-up analysis that incorporates differentiated fieldwork and financial analysis. David has been covering industrial companies since 1996.

      Team members’ analyses of the largest end markets include construction and farm equipment, on-highway trucks, industrial machine tools and related industrial components. Since much of the team's research is global in nature, the work is relevant for U.S. and international investors.

    • Media & Communications Services

      The Media & Communications Services Team is led by Vijay Jayant, who has covered the cable/satellite & telecom and entertainment industries in various capacities for the past two decades. Working closely with Vijay on coverage is James Ratcliffe in the cable, satellite & telecom sector. The team serves as a research partner to clients by providing timely, actionable, proprietary research products with rigorous financial analysis and relevant valuation techniques.

      Services include broad industry primers and advising clients on investment decisions, day or night. In addition to regular in-depth industry and company-specific research, the team assists with customized client projects, corporate access and field trips, and accepts personal meetings and conference calls.

    • Real Estate

      Steve Sakwa heads up the extensive Real Estate Team, providing actionable investment ideas and proprietary research on the real estate industry and the nation's largest publicly traded real estate investment trusts (REITs).

      Steve conducts extensive company analysis that incorporates site visits, management meetings, field trips, and discussions with private real estate owners and commercial brokers. Under his leadership, the Evercore ISI team has been recognized every year for more than a decade as one of the top 2 real estate research teams in the U.S. by Institutional Investor magazine.

      Coverage focuses on the largest REITs across several sectors, including multifamily, retail, office, industrial, self-storage, healthcare and net lease. The research is relevant to both U.S. and international investors looking for insights into the U.S. commercial real estate sector.

    • Technology

      Evercore ISI's technology research effort is broad and deep.

      Internet

      Mark Mahaney leads the Large- and Small-Cap Internet Team, bringing over 25 years of experience to the sector. As the longest-tenured internet analyst on the Street, his industry perspective is unmatched. He and his team utilize a lengthy series of detailed consumer surveys and an array of industry contacts to track and anticipate fundamental inflection points across online retail, advertising, travel, entertainment subscription and real estate stocks. The focus is on making trading and investment calls and deploying fundamental analysis, valuation frameworks and technical analysis. Mark is also the author of Nothing but Net: Ten Timeless Stock Picking Lessons from One of Wall Street's Top Tech Analysts (McGraw Hill, 2021).

      Covering small- and mid-cap companies, analyst Shweta Khajuria focuses on ad tech, ecommerce and online dating verticals. With over 10 years of industry experience, Shweta offers differentiated research through deep-dive reports that leverage proprietary consumer surveys, industry expert calls, third-party data points, and fundamental and valuation analyses that help generate investment and tactical stock calls. She is a contributor on CNBC and Bloomberg TV, and has been quoted in Barron’s, the Wall Street Journal and Reuters.

      Enterprise & Infrastructure Software (Large- & SMID-Cap)

      Kirk Materne leads Evercore ISI’s broader software research effort, which covers both large- and SMID-cap companies across almost every major subsector of the industry, including enterprise & infrastructure, vertical, communication (UCaaS/CCaaS) and security software. Kirk has covered the enterprise & infrastructure software industry for more than 20 years. The Software Team focuses on providing bottom-up and top-down research, including the weekly Materne Software Catalyst as well as the quarterly Evercore ISI Enterprise IT Spending Survey. The team’s research efforts are supported by unique investor events and webinars with industry experts and management teams.

      Security & Communication Software

      Peter Levine leads Evercore ISI’s coverage of the security software space. He also covers the communication software market, with a particular focus on contact center, voice and collaboration technology. With 10 years of buy-side and industry experience, Peter brings a unique perspective to the fundamental research process.

      Semiconductors & Semiconductor Equipment

      CJ Muse’s Semiconductor Team is responsible for coverage of 20+ names across the global semiconductor industry, including device makers and semiconductor equipment and materials providers. CJ, who has covered the industry for over 20 years, was ranked #1 in the category from 2016 to 2021 by Institutional Investor. The team's work is noted for top-down macro analysis, detailed and bottom-up company-specific analysis, investor surveys, thought-provoking thematic research, investment idea generation, and access to management teams across the global supply chain.

      IT Hardware & Networking Communications

      Amit Daryanani, CFA, covers the IT hardware & networking communication sectors. Amit has covered the tech sector for 15+ years and has consistently ranked in the top 3 in Institutional Investor’s research poll since 2011. Amit and his team are well regarded for their thematic work across the sector, including multiple primers and deep bottom-up analyses on multiple companies.

      Payments, FinTech & IT Services

      David Togut leads the Payments, Processors & IT Services Team. David, who is the most experienced sell-side analyst covering the industry, has researched these stocks for 31 years. In 2020, he ranked fourth in the Institutional Investor All-America Research survey. His team conducts extensive proprietary research on the payments, bank technology and HCM industries and key stocks, incorporating rigorous financial analysis and relevant valuation techniques. Collaboration across the team contributes to a highly differentiated product. Every year from 1994 to 2003, David was ranked the #1 or #2 equity research analyst by Institutional Investor or Greenwich Research Associates in the predecessor category of computer services.

    • Transportation

      The Transportation Team includes Jonathan Chappell, who covers surface, airfreight and marine transportation. Jon's broad-based coverage focuses on the main segments of freight transportation, including railroads, airfreight, trucking and logistics, as well as commodity-based shipping stocks. Jon's top-down macro views are helped by collaborative efforts with Evercore ISI's macro research products—especially the proprietary Surveys Team. Combining his insights with detailed financial modeling and strong access to management teams and industry experts, Jon forms long-term investment theses as well as shorter-term trading calls, taking advantage of the inherent cyclicality of his sectors.

    • Travel Industry

      Duane Pfennigwerth leads coverage of travel-related stocks (airlines & lodging). He focuses on global airlines, including legacy, low-cost and regional airlines in the U.S. and Latin America. Much of the team's work is focused on capacity trends and competitive capacity analysis by key market and geographic regions. Duane was ranked #3 in Institutional Investor‘s survey in 2020 and 2021 in the airlines category. In 2022, he launched coverage of lodging stocks (asset-light brands and lodging REITS), as he sees similar recovery demand drivers such as travel restrictions easing, corporate & group travel recovery, and consumer preference for experiences.

    Evercore ISI serves more than 1,300 institutional investors globally, representing the largest asset managers and fund complexes in the world.

    • Sales

      Our sales group offers research-driven equity products to more than 1,300 institutional clients in the US, Europe, Canada, Asia, Australia, and Latin America. Our clients include mutual funds, hedge funds, money managers, banks, insurance companies, and pension funds. Our dedicated specialists provide access to our macro and fundamental research products and provide tailored solutions through conferences, roadshows, and one-on-one meetings.

    • Trading

      Consistent with Evercore’s commitment to a client-centric approach, Evercore ISI’s trading professionals engage primarily in agency-only transactions, free of the potential conflicts of interest created by proprietary trading. Our team provides seamless execution, placing our clients’ interests first and executing every transaction with efficiency, objectivity, and discretion.

      With offices in New York, Boston, and San Francisco, our ability to execute across multiple geographies and asset classes makes Evercore ISI’s global equity trading desks a preferred choice for discriminating clients. Evercore ISI offers both high touch and low touch equity, options, and program trading desks, as well as sector-specific and macro traders.

    • Corporate Access

      Our Corporate Access team provides strategic and customized analyses to determine targeted investors and regional strengths. We provide planning and execution of non-deal roadshows, field trips, sector, and macro conferences. Highlights:

      • Tailored schedules to meet corporate needs and targets
      • Unique insights and market color on specific companies from both sector traders and research analysts
      • Detailed insights into buy-side investment styles and anecdotal commentary on specific sectors and areas of focus
      • Timely feedback to corporate managements post-event to facilitate understanding of success and areas of discussion
      • Tracking and discussion of trading color post-marketing event

    Below is a list of our companies under coverage. Click on any column header to sort.

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    Sector
    Company
    Ticker
    Analyst
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    Conference Name Location Date Agenda
    9th Annual Utility CEO Retreat One-on-One Conference January 12-13, 2023
    Inaugural Travel & Transport Conference February 8-9, 2023
    7th Annual Housing & Building Products Symposium February 28, 2023
    7th Annual Payments & Fintech Innovators Forum March 2-3, 2023
    15th Annual Industrials Conference March 7-8, 2023
    3rd Annual Restaurant Tech Symposium March 20, 2023
    10th Annual Consumer Summit March 27-28, 2023
    The NASH Renaissance March 30, 2023
    Healthcare Labor: Where Are We Today? How Can It Get Better? April 18, 2023
    Auto Aftermarket Forum April 19, 2023
    MSFT 360 Day May 10, 2023
    Media & Telecom IR Day May 15, 2023
    Leading the Charge: Evercore Electrification Metals and Enabling Technologies Conference May 17, 2023
    Rho Motion & Evercore ISI EV & Battery Day in NYC May 18, 2023
    Autotech & AI Forum: Autonomous, ADAS & Compute May 24-25, 2023
    2nd Annual Evercore ISI ‘Diamonds in the Rough’ SMID-Cap Internet & Software Conference May 31, 2023
    3rd Annual Consumer & Retail Conference June 13-15, 2023
    2nd Annual Clean Energy & Transition Technologies Summit June 15/16, 2023
    Future of FinTech Series: Embedded Finance Conference June 26, 2023
    Data, Intelligence and Business Outcomes: The Future of Data & Analytics Software Conference July 18, 2023
    Inaugural AI Conference August 8, 2023
    Semiconductor & Semiconductor Equipment Conference September 6-7, 2023
    15th Annual Real Estate Conference September 7-8, 2023
    The Future of Pet Care: Will the Pet Industry Continue to Grow? September 20, 2023
    Evercore ISI Courtland Brooks Online Dating Idea Summit September 27-28, 2023
    9th Annual Storage Symposium October 4, 2023
    2023 Amazon Day October 12, 2023
    Insurance One-on-One Conference November 14, 2023
    6th Annual Evercore HealthCONx Conference November 28-30, 2023
    Empowering Innovation: Evercore Software Summit November 29-December 1, 2023
    10th Annual Utility CEO Retreat One-on-One Conference January 11-12, 2024
    2nd Annual Travel & Transport Conference February 7-8, 2024
    8th Annual Payments & Fintech Innovators Forum February 28-29, 2024
    16th Annual Industrial Conference March 5, 2024
    8th Annual Evercore ISI Housing and Building Products Symposium March 6, 2024
    3rd Annual Global Clean Energy & Transition Technologies Summit June 11-12, 2024

    U.S.-based Evercore Wealth Management and Evercore Trust Company, N.A. serve high-net-worth individuals, foundations, and endowments, across the United States, providing a more personal and modern alternative to big banks, brokerages and trust companies.

    Established in 2008 by Evercore and a team of senior wealth management professionals led by former U.S. Trust CEO Jeff Maurer and including the former head of the multi-family office, Chris Zander, Evercore Wealth Management was founded to set a new standard in wealth management. The firm works closely with Evercore Trust Company, N.A., which was established by Evercore in 2009.

    Evercore Wealth Management has grown steadily since inception and is ranked by Barron’s as one of the top independent Registered Investment Advisors in the United States. Our partners and other senior planning, investment, and fiduciary professionals are among the most experienced in their fields. Many of us have worked together for years, and all are committed to the Evercore culture of institutional and individual integrity.

    Our distinctive approach integrates global investment management, strategic wealth planning, and trust and family wealth services. We have deep expertise in transaction planning and concentrated stock management and advise Evercore clients and professionals, as well as families and related institutions.

    Socially responsible investing (SRI) and environmental social and governance (ESG) investment strategies are growing areas of focus for our clients. We work with carefully-selected external managers to provide customized solutions for SRI/ESG investing that strive to deliver competitive rates of return to meet our clients’ impact investing goals.

    We strive to meet our clients’ lifestyle, family, business and legacy goals, and to earn and sustain their trust.

    Learn more about Evercore Wealth Management and Evercore Trust Company, N.A. at: https://www.evercorewealthandtrust.com. Learn more about socially responsible investing here.