Truist introduces team covering middle-market private equity sponsors, family offices

Core Viewpoint - Truist Financial Corporation has appointed Chris Jackson as the head of its newly established Institutional Capital Group, aimed at enhancing coverage in the middle-market private equity sector, which has seen significant growth in recent years [1][2]. Group 1: Appointment and Team Structure - Chris Jackson brings over 20 years of experience in sponsor coverage, capital markets, and corporate lending, previously leading the Sponsor Coverage Group at Citibank [3]. - The Institutional Capital Group (ICG) will provide core banking, payments, and capital markets solutions to middle-market private equity sponsors and family offices, primarily within Truist's commercial footprint [2][4]. - The ICG will work alongside Truist Securities' Financial Sponsors Group, which focuses on large-cap financial sponsors, thereby complementing existing services [2][4]. Group 2: Market Context and Growth - Private equity and family office transactions with middle-market companies have increased nearly 84% over the past decade, indicating a robust growth trend in this sector [2]. - The establishment of the ICG is part of Truist's strategy to strengthen its relevance and increase market share in the growing small- and mid-cap private equity market [4]. Group 3: Company Overview - Truist Financial Corporation is a purpose-driven financial services company with total assets of $544 billion as of September 30, 2025, and has a strong market presence in high-growth areas across the U.S. [7]. - The company offers a wide range of financial products and services, including commercial and corporate banking, investment banking, and wealth management [7].