Houlihan Lokey has expanded its global capital markets team following increased interest in private capital and significant corporate finance revenue growth.
Carle Felton has been appointed as a managing director in the group. Based in Atlanta, he is responsible for growing the company’s private capital financing capabilities.
Gregg Newman, managing director and global co-head of the capital markets group, commented: “The growth of alternative capital has opened up countless financing opportunities for our clients.”
Revenues at the investment bank were up 24% year-on-year (YoY) in the last nine months of 2024, reaching US$1.7 billion. This growth was led by a 36% spike in corporate finance revenues, up 36% YoY to US$1.1 billion.
Financial restructuring was up just 2% YoY to US$380 million, and financial and valuation advisory by 14% to US$299 million.
Felton has more than 20 years of industry experience and joins the company from capital markets services firm Cascadia, where he was a managing director focused on depth and structured equity. Prior to this, he was a director at Goldman Sachs specialising in private credit and hybrid capital, and a director at investment bank SunTrust Robinson Humphrey working on leveraged finance.
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