Question · Q4 2025
Devin Patrick Ryan asked about the broader advisory outlook, specifically the potential upside from increased sponsor activity for Moelis, and the base case for restructuring and liability management activity.
Answer
CEO Navid Mahmoodzadegan explained that sponsor deals are gaining velocity, driven by LP pressure for capital return and improved financing markets, with GP-led secondaries playing a key role. He also noted a long runway for liability management due to highly leveraged companies and technology disruption, predicting flat to up activity for Capital Structure Advisory (CSA) and highlighting bolstered creditor-side capabilities.
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