PJT Partners Inc. is a leading global advisory-focused investment bank that specializes in guiding clients through complex financial and strategic transactions. The firm operates through three primary business segments: Strategic Advisory, Restructuring and Special Situations, and PJT Park Hill. The Strategic Advisory group counsels corporate clients and boards on mergers and acquisitions (M&A), spin-offs, joint ventures, activism defense, and capital markets strategies. The Restructuring and Special Situations group is a global market leader, advising companies, creditors, and financial sponsors on recapitalizations, reorganizations, bankruptcy situations, and distressed M&A. PJT Park Hill provides private fund advisory and fundraising services for alternative investment managers, including private equity, real estate, and hedge funds.
Unlike traditional bulge-bracket banks, PJT Partners does not lend money, take deposits, or engage in balance-sheet banking; instead, it generates revenue almost entirely from advisory fees paid upon the successful completion of transactions or the provision of specialized counsel. Headquartered in New York City, the firm maintains a significant global footprint with offices in major financial centers including London, Hong Kong, Madrid, San Francisco, and Sydney. PJT Partners was formed in 2015 following the spin-off of The Blackstone Group's financial and strategic advisory businesses and their subsequent merger with PJT Capital LP.
