M&A

The growth is attributed to the largest deal of the year: Union Pacific's acquisition of Norfolk Southern for over $80 billion.

This strong exit track record comes as private equity firms face pressure to return capital amidst a tough market.

David Dubner is currently global head of the firm's M&A structuring within investment banking, a role he will continue to perform.

A report shows the most active sub-sectors for deals were dental care, health IT, outpatient care, medtech and pharmaceutical services.

The slump in M&A fees caused lenders to slash their workforce in the beginning of the year, but Solomon said his bank is still competitive when it comes to hiring talent.