Hedge Fund Manager Pali, Hires M&A Veteran In Expansion

Hedge fund manager Pali Capital has hired M&A veteran Randal V. Stephenson as a Senior Managing Director and Head of its new Corporate Advisory Group.

"Pali is in the midst of a major, global expansion,” said Brad Reifler, to whom Stephenson will report, "Since we are committed to providing world-class investment banking products and services, we see Randal as a vital part of our plan to build out a competitive mergers and acquisitions practice on a global scale. Randal has the right mix of skills and experience, and we look forward to working with him."

Stephenson will be based in New York and will lead the build-out of a mergers, acquisitions and corporate advisory practice to compliment a broader investment banking platform.

"Pali's core clients, hedge fund, are among the most active in the global deal market," said Mr. Stephenson, "and are eagerly searching for new opportunities to apply capital and achieve enhanced investor returns. I look forward to helping Pali build a world-class mergers and acquisitions practice that should have no equal in the middle market."

Mr. Stephenson is assembling a team of seasoned bankers with experience in distressed and special situation transactions, as well as cross-border M&A deal experience, particularly in Asia. The team’s services for Pali’s core client base of hedge funds and institutional investors include originating distressed and special-situation opportunities for equity or debt investment, helping funds seek strategic alternatives for underperforming portfolio investments, and assisting and advising in shareholder activism.

Prior to Pali, Stephenson was the Head of Middle Market Mergers & Acquisitions and the Head of Distressed & Special Situations M&A at CIT Group, Inc. Stephenson is a member of the Turnaround Management Association, the American Bankruptcy Institute, and the bars of Massachusetts and New York.

Pali is an independent, global, full-service institutional securities firm and investment bank that has served leading hedge funds and money managers since 1995. The hedge fund manager is headquartered in New York, with offices in London, Singapore, Boston and Minneapolis.