PJT Partners Inc. is an investment bank that provides strategic advisory, shareholder advisory, capital markets advisory, and restructuring and special situations services to corporations, financial sponsors, institutional investors, and governments worldwide. Its advisory work covers transactions such as mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures, as well as debt and equity market matters including financings, structured products, public equity raises, initial public offerings, private capital raises, and general partner advisory. The firm also advises on liability management, restructurings and special situations, and provides private fund advisory and fundraising services, along with geopolitical and policy advisory. Formerly known as Blackstone Advisory Inc., it changed its name to PJT Partners Inc. in March 2015, was incorporated in 2014, and is headquartered in New York, New York.