Moelis & Company (NYSE:MC) Q4 2023 Earnings Call Transcript

New business review has been quality and busy quality deals feels like much realer. So I think it’s happening in right in front of us now. I think the build-up in M&A is beginning. What I do think you’re going to see here a little bit is, private equity that it’s very they’re very sensitive to when they enter and when they exit and try to maximize much more than a strategic will be. So I do think you’re going to find a little bit of institutions trying to attempt to time this thing exactly right. But it feels like everybody’s not everybody. A lot of a lot of people are stepping up to the starting line and getting ready to move. Right now, there is a large amount of transactions that are getting positioned to move. And since I don’t think the next move is a rate hike, I just think that that means it’s a question of when they move and not if they move.

Operator: Thanks for your thanks for your question. Ladies and gentlemen, that that will close our Q&A session here for today. Mr. Moelis, I’d like to turn it back over to you with any closing comments.

Ken Moelis: Well, I appreciate everybody’s time. We’ll see you on the next call. Thank you.

Operator: Thank you. Ladies and gentlemen, this will conclude today’s Moelis & Company conference call. Have a great day. We’ll see you next time.