Cantor Fitzgerald hired former B. Riley Financial Inc. (Nasdaq: RILY) bankers Tim Bottrell and Travis Hogan as managing directors for its new alternative capital solutions group, according to Bloomberg News.
The group will focus on raising financing across the capital structure, from equity through senior secured debt, Bloomberg reported. Bottrell, who’s based in New York, is set to join in May, while Hogan has started at the firm, led by CEO Howard Lutnick. Wall Street buy- and sell-side firms have increasingly focused on capital solutions.