Moelis establishes private funds advisory business Moelis & Company announced the establishment of its Private Funds Advisory Business which will provide capital raising, secondary and other independent advisory services to private fund sponsors and limited partners. This business significantly expands the Firmís leading financial sponsorsí capabilities, having advised on more than $300B of sponsor-related transactions over the past five years, and enhances its offering to institutional investors. The Firm also announced the hire of four Managing Directors who have agreed to join Moelis & Company to lead the business. Dave Brown, Patrick S. Dunleavy and Christopher D. Kirsten will be based in the Firmís New York headquarters and Zaid Abdul-Aleem will be based in the Firmís Chicago office. Messrs. Brown, Dunleavy, Kirsten and Abdul-Aleem have collectively advised on a broad range of fundraisers across the spectrum of investment strategies and geographies worldwide.