Evercore Partners Inc. operates as an investment banking advisory company worldwide. Segments The company operates through two business segments, Investment Banking and Investment Management. Investment Banking The Investment Banking segment includes its Advisory services, through which the company provides advice to clients on significant mergers, acquisitions, divestitures and other strategic corporate transactions, with a particular focus on advising prominent multinational corporations and substantial private equity firms on large, complex transactions. It also provides restructuring advice to companies in financial transition, as well as to creditors, shareholders and potential acquirers. In addition, the company provides its clients with capital markets advice relating to both debt and equity securities, underwrite securities offerings and raise funds for financial sponsors. This segment also includes its Institutional Equities services through which the company offers equity research and agency-only equity securities trading for institutional investors. Equity Research: The company’s research analysts perform research to help its clients understand the dynamics that drive the industries and companies under coverage. Its research analysts cover major industry developments, publish research on industry sectors, provide fundamental, company-specific coverage, and identify and evaluate investment opportunities in publicly-traded companies. Institutional Sales and Trading: The company’s professionals provide equity securities sales and trading services to institutional investors. Investment Management The Investment Management segment focuses on Institutional Asset Management, through which the company manages financial assets for institutional investors and provides independent fiduciary services to corporate employee benefit plans; Wealth Management, through which the company provides wealth management services for high net-worth individuals; and Private Equity, through which the company manages private equity funds. This segment includes Institutional Asset Management, in the United States through Evercore Trust Company, N.A. (ETC), Atalanta Sosnoff Capital, LLC (Atalanta Sosnoff) and ABS Investment Management, LLC (ABS) and in Latin America through Evercore Casa de Bolsa, S.A. de C.V. (ECB, formerly Protego Casa de Bolsa, S.A. de C.V.) and Evercore G5 Holdings S.A. (G5); Wealth Management, through Evercore Wealth Management (EWM), and Evercore Pan-Asset Capital Management (Pan); and Private Equity. The company’s Investment Management business principally manages and invests capital on behalf of third parties, including a range of institutional investors, such as corporate and public pension funds, endowments, foundations, insurance companies, family offices and high net-worth individuals. Institutional Asset Management: Within its Institutional Asset Management business, ETC provides specialized investment management, independent fiduciary and trustee services; Atalanta Sosnoff manages large-capitalization U.S. equity and balanced products; ABS operates as an institutionally focused hedge fund-of-funds manager; and ECB primarily manages Mexican fixed income products and offers fiduciary and trust services. Wealth Management: Wealth Management provides services through EWM and Pan. EWM targets clients with approximately $5 million in investable assets and offers services, such as investment policy creation, asset allocation, customized investment management, manager selection, performance reporting and financial planning. Pan provides asset allocation advisory services and products to high net-worth individuals, charities and endowments, principally in the U.K. In December 2012, EWM acquired Mt. Eden Investment Advisors, LLC, (Mt. Eden) a San Francisco-based registered investment advisor. Private Equity: Private Equity manages value-oriented, middle-market private equity funds in both the United States and Mexico. The company maintains a strategic alliance to pursue private equity investment opportunities with Trilantic Capital Partners (Trilantic) and to collaborate on the f