Houlihan Lokey is an independent, advice-only investment bank — it takes no deposits, makes no loans and trades no securities. It sells judgment: advising on mid-cap mergers, running the world's #1 restructuring practice for distressed companies and their creditors, and writing the fairness opinions and valuations boards rely on. ~350 managing directors turned that advice into a record $2.6B of fees in fiscal 2026.
What Houlihan Lokey, Inc. really sells
Houlihan Lokey is an independent, advice-only investment bank — it takes no deposits, makes no loans and trades no securities. It sells judgment: advising on mid-cap mergers, running the world's #1 restructuring practice for distressed companies and their creditors, and writing the fairness opinions and valuations boards rely on. ~350 managing directors turned that advice into a record $2.6B of fees in fiscal 2026.