Piper Sandler Launches Private Markets Trading with Three Key Hires

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11/20/2025 - 09:05 AM

MINNEAPOLIS--(BUSINESS WIRE)-- Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the launch of private markets trading with three new hires. Patrick Gordon, Kyle Mooney and David Ilishah have joined the firm as managing directors and will be focused on trading equity shares of private companies.

“As companies stay private for longer, demand for trading in private shares has grown significantly. We are thrilled to have Patrick, Kyle and David join the firm to lead this initiative. Their deep experience and strong relationships across private companies and alternative managers will expand opportunities we can offer our clients to invest in high-growth private businesses or to monetize illiquid positions before they go public,” said Deb Schoneman, president at Piper Sandler.

All three hires join Piper Sandler from Forge Global. Mooney was a managing director and Gordon and Ilishah were senior directors in the Private Capital Markets group. Collectively the team brings nearly 20 combined years in the private securities business, where they have executed a broad range of transaction types primarily focused on venture secondaries and single-asset LP transfers.

Gordon, Mooney and Ilishah commented, “The private market has experienced exponential growth over the past five years as companies tap deeper pools of private capital and alternative funding. Piper Sandler has a longstanding reputation as a trusted leader in private placements and equity capital markets. The firm is uniquely positioned to deliver liquidity solutions for their existing clients and expand their equities product offering with this new capability. We are excited to hit the ground running and build this line of business.”

ABOUT PIPER SANDLER

Piper Sandler Companies (NYSE: PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership®. Securities brokerage and investment banking services are offered in the U.S. through Piper Sandler & Co., member SIPC and NYSE; in the U.K. through Piper Sandler Ltd., authorized and regulated by the U.K. Financial Conduct Authority; in the EU through Aviditi Capital Advisors Europe GmbH, authorized and regulated by BaFin as a tied agent of AHP Capital Management GmbH; and in Hong Kong through Piper Sandler Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Alternative asset management and fixed income advisory services are offered through separately registered advisory affiliates.

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