Evercore Partners Inc. (NYSE: EVR) today announced further additions to its Private Funds Group continuing the team's expansion into the Asia-Pacific region and strengthening its global project management capabilities, with the signing of an exclusive affiliation with Australia-based Phoenix Capital Advisory and the addition of Jennifer Band from the UBS Private Funds Group.

Over the past year, Evercore's Private Funds Group has made significant progress in creating a global platform appropriate for today's fundraising market and consistent with how industry trends are expected to develop, offering fundraising services across the traditional markets of the United States and Europe as well as the "emerging" regions of Asia and Australia which are expected to become increasingly important from both a capital flow and investment perspective over the coming years.

The Private Funds Group initiated its expansion into Asia earlier this year with the appointment of William Lee, based in Evercore's new Hong Kong office, to lead the group's offering in the region. Matt Wormald and Mark Jackson, formerly of Lehman Brothers Australia, founded Phoenix Capital Advisory in 2009 and will be charged with developing LP and GP relationships in Australia and New Zealand, based out of their offices in Sydney.

"GPs are focused on attracting institutional investors with capital that is ready to be deployed, and in today's challenging environment, Europe, Asia and Australia have become important sources of funds," said Richard Anthony, CEO of Evercore Private Funds Group. "We offer our clients access to a network of skilled fundraising professionals that extends to all of the world's key financial centers. Now more than ever, it is absolutely crucial to offer genuine capital raising capabilities on a global scale and we are excited to have completed our platform."

In addition, the group has bolstered its project management capabilities with the hiring of Jennifer Band from the UBS Private Funds Group, strengthening the team's ability to provide GPs with best-in-class execution and advisory services at a time when competition for capital is expected to be notably fierce, given the high number of funds expected to come to market over the next 24 months. Ms. Band will be responsible for leading the group's European-based project management and origination activities.

Commenting on Ms. Band joining the Private Funds Group, Richard Anthony said, "We're thrilled to welcome Jennifer to the team. She brings with her a broad knowledge base and project management skill set that will be a great addition to our European business beginning on day one."

About Evercore Partners

Evercore Partners is a leading independent investment banking advisory firm. Evercore's Investment Banking business advises its clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions and also provides institutional investors with high quality research, sales and trading execution that is free of the conflicts created by proprietary activities; Evercore's Investment Management business comprises wealth management, institutional asset management and private equity investing. Evercore serves a diverse set of clients around the world from its offices in New York, Boston, Chicago, Houston, Los Angeles, San Francisco, Minneapolis, Washington D.C., London, Aberdeen, Scotland, Mexico City and Monterrey, Mexico, Hong Kong and Rio de Janeiro and São Paulo, Brazil. More information about Evercore can be found on the Company's website at www.evercore.com.

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