Dennis Cornell Joins Evercore as Senior Managing Director in the Private Capital Markets Group

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Key Terms

private capital markets financial

Private capital markets are venues where companies raise money from non-public sources such as private equity firms, venture capitalists, and private lenders rather than by selling shares on a stock exchange. They matter to investors because they offer access to potentially higher returns and different risks—like illiquidity, less transparency, and longer time horizons—so they can diversify a portfolio much as adding a rare collectible complements everyday stocks.

securitization financial

Securitization is when a bank or company takes a bunch of loans or assets, like mortgages or car loans, and bundles them together into a single package. They then sell pieces of this package to investors, who receive regular payments from the borrowers. This process helps the original lender get money quickly and spreads the risk among many investors.

investment grade financial

A credit rating label assigned to bonds or borrowers that signals relatively low risk of default; think of it as a strong health check for a company's or government's ability to repay debt. It matters to investors because investment-grade status typically means lower interest costs for the borrower, greater eligibility for conservative funds and pension portfolios, and generally more stable returns compared with higher-risk, non-investment-grade debt.

non-investment-grade financial

Non-investment-grade describes bonds or debt issued by entities judged to have higher risk of failing to meet payment obligations than higher-rated borrowers. Think of it like lending to someone with a shaky credit history: you may be paid more interest to take the chance, but the chance of loss is greater. For investors, this affects expected returns, borrowing costs for issuers, portfolio risk, and whether certain funds or institutions are allowed to hold the security.

restricted stock units financial

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

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06/22/2026 - 08:00 AM

NEW YORK--(BUSINESS WIRE)-- Evercore announced today that Dennis Cornell has joined the firm as a senior managing director in the private capital markets group. He will be based in New York.

“We are excited to welcome Dennis to Evercore,” said Dan Mendelow, co-head of Evercore’s U.S. investment banking business. “Dennis is a tremendously experienced coverage and capital markets banker whose sponsor, corporate and investor relationships will accelerate growth in our capital markets franchise.”

Evercore continues to make meaningful progress and investments across capital markets advisory, including through the build-out of its private capital markets platform. These efforts have focused on expanding origination capabilities and broadening the firm’s product suite, with strong momentum across debt and equity placements, securitization and ratings advisory.

Mr. Cornell said, “I am thrilled to join Evercore and its premier advisory and private capital markets platform. The firm’s collaborative culture, global capabilities, and commitment to delivering best-in-class advice provide a strong foundation for helping clients achieve thoughtful, differentiated solutions. I look forward to partnering with colleagues across the platform to help clients navigate the full credit spectrum—from investment grade to opportunistic capital solutions—and achieve their most important strategic and financing objectives.”

Mr. Cornell has more than 25 years of investment banking and capital markets experience, with deep expertise in private capital markets, advising investment-grade and non-investment-grade clients. Most recently, he was a partner at Apollo Global Management, where he developed relationships with corporate and sponsor clients and originated flexible, bespoke capital solutions. Previously, he was a managing director at Moelis & Co. after 20 years at Morgan Stanley, where he led energy investment banking for the Americas. Earlier in his career, Mr. Cornell served for five years as a nuclear engineer and submarine officer in the United States Navy.

Mr. Cornell holds an MBA from Harvard Business School and a B.S. in finance from University of Pennsylvania’s Wharton School.

About Evercore
Evercore (NYSE: EVR) is a premier global independent investment banking advisory firm. We are dedicated to helping our clients achieve superior results through trusted independent and innovative advice on matters of strategic and financial significance to boards of directors, management teams and shareholders, including mergers and acquisitions, strategic shareholder advisory, restructurings and capital structure. Evercore also assists clients in raising public and private capital, delivers equity research and equity sales and agency trading execution, and provides wealth and investment management services to high-net-worth and institutional investors. Founded in 1995, the firm is headquartered in New York and maintains offices and affiliate offices in major financial centers in the Americas, Europe, the Middle East and Asia. For more information, please visit www.evercore.com.