Dan Ives is making headlines again, this time with the launch of his new merchant banking venture, Yorkville Ives & Co., after recently leaving Wedbush Securities.
The firm is set to focus on investments tied to artificial intelligence, technology, industrials, energy transition, and infrastructure. Ives will take on the role of partner and senior managing director, while Roger Briggs steps in as chief executive officer.
Yorkville Ives will provide a wide range of services, including capital raising in both public and private markets, mergers and acquisitions advisory, and independent equity research. The firm plans to invest its own capital alongside that of its clients and strategic partners, emphasizing a modern approach to investment banking.
Ives commented on the venture, stating, "The fourth industrial revolution is here, and it needs a new kind of bank, a modern merchant bank. Research, banking, trading, and capital, all under one hood." His departure from Wedbush came after eight years, during which he gained prominence as a leading technology analyst known for his optimistic views on AI and tech firms.
This launch occurs amid a surge in competition among Wall Street firms, as they aim to assist companies in raising capital for crucial AI infrastructure, including data centers and semiconductors.
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