Perella Weinberg Partners (PWP) is an American global financial services firm focused on investment banking advisory services.
The firm was founded in 2006 by Joseph R. Perella, Peter A. Weinberg and Terry Meguid, and went public in 2021. It is headquartered in New York City with offices in London, Paris, Munich, Houston, San Francisco, Los Angeles, Chicago, Denver, and Calgary.
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History
Perella Weinberg Partners was launched in June 2006, with offices in New York and London.
To help establish the firm's operations and to seed investment initiatives, PWP raised over US$1.1 billion from a group of investors.
In 2016, the firm acquired the Houston-based energy investment and merchant banking firm Tudor, Pickering, Holt & Co., to be operated as the energy practice of PWP.
In December 2020, the firm announced it would go public by merging with FinTech Acquisition Corporation IV, a Nasdaq-listed SPAC sponsored by Cohen Circle. The transaction closed in June 2021 and Perella Weinberg began trading on Nasdaq on June 25, 2021 under the ticker PWP.
Leadership
Prior to co-founding PWP, Peter Weinberg was the CEO of Goldman Sachs International in London and co-headed the Global Investment Banking Division.
Joe Perella previously founded Wasserstein Perella & Co. in 1988 and from 1992 to 2005, he worked in senior roles at Morgan Stanley as head of mergers and acquisitions, and then the chairman of the Institutional Securities and Investment Banking Group. He then joined Peter and founded PWP in 2006.
Robert K. Steel joined the firm in 2014 as CEO, and is vice chairman. He formerly was New York City’s Deputy Mayor for Economic Development, President and CEO of Wachovia Corporation, Under Secretary for the United States Treasury in the George W. Bush administration, and spent 30 years at Goldman Sachs in various senior roles.
Andrew Bednar and Dietrich Becker have been partners at PWP since its founding in 2006 and were co-presidents for some time. Andrew Bednar was named CEO in January 2023. As of 2026, Becker continues as president.
Board members as of 2025 have included Bednar, Becker, Steel and Perella.
Business
Advisory
PWP advises clients on mergers and acquisitions, restructuring, financing, capital markets advisory, liability management, shareholder engagement and activism transactions.
In 2012, the firm represented NYSE Euronext in its $11 billion sale to Intercontinental Exchange.
In June 2014, PWP advised on medical device maker Medtronic’s $42.9 billion acquisition of Covidien.
In February 2015, PWP fired several senior members of its restructuring group after it learnt they planned to start their own firm. In June 2015, they formed Ducera Partners. Its co-founders and PWP are engaged in a legal battle where the co-founders have sued for wrongful termination while PWP's counterclaim is they breached their employment contact and should compensate it for loss of business.
In March 2015, PWP advised materials company Holcim in its spin-off of its North American business. In October 2015, the firm advised Altria Group, Inc. in connection with AB InBev’s acquisition of SABMiller, valued at over $100 billion, approved in 2016.
In October 2016, PWP advised AT&T in its $108.7 billion acquisition of Time Warner. In December of the same year, they advised Linde in the all-share merger between Linde and Praxair, a deal valued at more than $65 billion.
In April 2017, the firm was retained by medical technology and drug company CareFusion to advise on their sale to Becton Dickinson, a deal valued at $12.2 billion in cash and stock.
In March 2018, the firm advised E.ON, a European electric utility company, in an asset swap with RWE. E.ON acquired RWE’s 76.8% stake in energy company Innogy, with RWE receiving a 16.67% share in E.ON along with its renewable businesses. In August 2018, the firm’s subsidiary Tudor, Pickering, Holt & Co. advised Energen Corp on their sale to Diamondback Energy Inc., an all-stock deal valued at approximately $9.2 billion. In August 2018, Perella Weinberg was the financial advisor for SodaStream on its sale to PepsiCo for $3.2 billion.
Asset management
PWP operates an asset management business separate from its investment banking business under the brand Agility, which is an outsourced CIO provider for endowments, foundations, sovereign wealth funds, family offices, and other long term investors. Chris Bittman is CEO and CIO of Agility, which managed assets of approximately $13.5 billion. PWP Agility Fund was named Outsourced CIO of the Year by Institutional Investor in 2017, 2015, and 2014, and by Foundation & Endowment Intelligence in 2013.