Perella Weinberg Reports Second Quarter 2025 Results; Adds Private Funds Advisory Platform with Acquisition of Devon Park Advisors
1. PWP acquires Devon Park Advisors, enhancing secondaries market capabilities. 2. Q2 revenues dropped 43% to $155 million compared to last year. 3. Strong balance with $145 million cash and no debt reported. 4. New partners added, reinforcing firm’s capability in alternative asset management. 5. Quarterly dividend of $0.07 declared, enhancing shareholder value.