For Certain Investment Bankers, Smaller is Beautiful

Yang spent more than a decade at Blackstone, most recently serving as a managing director in the firm’s Tactical Opportunities Group.

Deal flow cooled sharply in July as macroeconomic uncertainty and a sluggish private equity exit environment continued to weigh on transactions, though year-to-date activity remains ahead of 2025.

Summit Trail manages more than $21 billion in client assets for ultra-high-net-worth individuals, families and institutions.