Overview
Park Hill Group is one of the most recognized names in the placement agent industry. The firm was originally built inside Blackstone as the advisory group’s fundraising arm before being spun out in 2015 as part of PJT Partners’ formation. In 2024, Arctos Partners acquired Park Hill, integrating it into Arctos’ broader platform.
Over its history, Park Hill has advised on hundreds of billions of dollars in capital raises across private equity, real estate, credit, and hedge fund strategies. The team has consistently ranked among the top placement agents globally by capital raised, regularly appearing at the top of industry league tables compiled by Preqin, PEI, and other data providers.
The firm employs a sizable team of senior professionals, many of whom have backgrounds at major institutional investors, investment banks, or alternative asset managers. Park Hill’s longevity and Blackstone heritage give it an unusual combination of brand recognition and deep institutional relationships that few competitors can match.
Strategy Focus
Park Hill covers the full spectrum of alternative asset fundraising. Their core verticals include private equity (buyout, growth, and special situations), real estate (value-add, opportunistic, and core-plus), private credit (direct lending, distressed, and structured), and hedge funds (long/short equity, macro, and multi-strategy).
The firm’s strength is most pronounced in large-cap and upper mid-market fundraises. GPs raising $500 million or more tend to be the natural fit, though Park Hill does take on select mid-market mandates when the strategy and team are compelling. They have placed capital for both first-time funds with experienced teams and established managers on Fund V or beyond.
Park Hill also advises on secondary transactions and GP-led continuation vehicles, reflecting the growing importance of these structures in the private markets ecosystem. Their advisory work extends to strategic matters including
Frequently Asked Questions
Is Park Hill Group still an independent placement agent?
Park Hill Group was originally part of Blackstone before being spun out in 2015 as part of PJT Partners. In 2024, Arctos Partners acquired Park Hill, bringing the placement business under Arctos' broader sports and financial services platform. Despite the ownership changes, Park Hill continues to operate as a dedicated placement agent with its established team and LP relationships intact.
What size funds does Park Hill typically work with?
Park Hill works across the fund size spectrum but is best known for placing larger funds, typically $500 million and above. They have historically handled some of the largest fundraises in the industry, including multi-billion dollar buyout, real estate, and credit funds. They also maintain capabilities for mid-market mandates, though the sweet spot tends to be institutional-scale vehicles.
How does Park Hill charge for placement services?
Placement agent fees typically range from 1.5-2.5% success fee plus retainer. Contact Park Hill directly for current terms. Fee structures in the placement agent industry generally scale inversely with fund size, meaning larger fundraises command lower percentage fees but higher absolute dollar amounts.
