High-profile New York-based investment banking Evercore is teaming up with Trilantic Capital Partners, a private equity specializing in investments in North America and Europe.

Evercore and Trilantic, which has offices in New York,  London, Milan, Luxembourg and Guernsey, announced a “strategic relationship” to “pursue private equity investment opportunities for Trilantic's current fund and to collaborate on the future growth of Trilantic's business.”

The relationship will leverage  Evercore's “deal flow, intellectual capital and relationships and Trilantic's investing expertise and available fund capital,” Ralph Schlosstein, Evercore's president and chief executive said in a statement.

Evercore 's wealth management,  subsidiary, headed by former US Trust  head Jeff Maurer, celebrated its one year anniversary last month and announced it had gathered $1.5 billion in assets under management.