The firm's investment management division participated in a $105 million Series C funding round for Overhaul Group, a cargo risk management company. This move is part of capitalizing on a rebound in global deal-making and IPOs, with rising investment banking fees and a strong growth pipeline fueling optimism for 2025. However, the firm also cautions that its own analysis of the AI revolution predicts significant cost cuts and job displacement across the S&P 500.