Mr. Hammer is a Managing Director
and Co-Head of Houlihan Lokey’s Illiquid Financial Assets practice
focused on customized transactions for holders of illiquid securities. He has
more than two decades of experience in principal investing, investment banking,
and building businesses in the private markets. Mr. Hammer is based in the
firm’s New York office.
Mr. Hammer has led transactions
involving portfolios of minority equity, structured settlements, non-performing
loans, hedge fund LP interests and side-pocketed assets, private equity LP
interests, life settlements, equity co-investments, and intellectual
property. He has worked on behalf of
clients including Pequot Capital Management, PartnerRe, Plainfield Asset Management, BNY Mellon/Ivy Asset Management, Synovus Bank, Octavian Advisors, and
Fortress Investment Group as either a sellside or buyside advisor, and as a financial
advisor in highly structured fund recapitalizations and restructurings.
Before joining Houlihan Lokey, Mr. Hammer was a Senior Managing
Director at Bear Stearns & Co., where he was the Global Head of Origination
for the Private Funds Group. Prior to this, Mr. Hammer co-led Private Equity
Advisors, the private equity fund-of-funds and secondary investing unit of Bear
Stearns Asset Management. In this position, Mr. Hammer developed and managed
several private equity investment management programs that had an aggregate AUM of approximately $2 billion.
Earlier, Mr. Hammer co-founded BDC Financial Inc., a firm that
provided customized private equity investment management and advisory services
to institutional and high-net-worth investors, which was sold to Bear Stearns.
Mr. Hammer also founded two other investment management firms: Gotham
Investment Group, a real estate investment company capitalized by Nomura
Securities, and Commonwealth Property Investors, an investment management firm
formed by AEW Capital Management and the
AT&T Pension Fund. Both firms focused on making direct principal
investments in the former Soviet Union. Previously, Mr. Hammer held investment
banking positions at Morgan Stanley and Goldman Sachs.
Mr. Hammer received an A.B. from Princeton University and an
MBA from Harvard University.