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Axial is excited to release its Q3 2023 Lower Middle Market InvestmentBanking League Tables. These quarterly league tables reveal the top 25 investmentbanks active on the Axial platform in Q3. In Q3, 571 sell-side investmentbanks and M&A advisors brought a total of 2,360 deals to market.
Bryan, Garnier & Co, an investmentbank for European growth companies, has launched a new team dedicated to direct secondaries within its private capital markets group. Bryan Garnier has also provided direct secondary European dealflow to institutional investors including Tiger Global, Permira, Hambro Perks and Revaia.
The conversation also examines Garden City’s investment thesis, focusing on B2B nationwide services and how Michael’s team is bringing mission-aligned shareholders into the fold. The importance of mission-aligned shareholders and building trust-based relationships.
Importantly and atypically, over half of our Q1 debt brokerage dealflow was on non-multifamily assets in retail, hospitality, industrial, and office. Despite the market challenges Willy just outlined, our team delivered for our clients and our business delivered growth in adjusted EBITDA and adjusted core EPS for our shareholders.
The rebound in Banking gained speed during the quarter, led by near-record levels of investment-grade debt issuance as improved market conditions enables issuers to pull forward activity. Our strong performance in both DCM and ECM drove InvestmentBanking revenue growth of 35% and overall banking revenue growth of 49%.
Investmentbanking revenue of 1.6 Gross investmentbanking and markets revenue of 924 million was up 32% year on year, primarily reflecting increased capital markets and M&A activity. For our first question, it's coming from the line of Matt O'Connor from Deutsche Bank. Next, the CIB on Page 6. Revenue of 3.7
We also expanded Zelman's investmentbanking capabilities into the commercial market in 2023. And in the fourth quarter, the investmentbanking team closed three transactions, albeit all in the single-family sector, that boosted revenues and expanded the W&D brand significantly.
A purely proprietary deal is a sure sign that the owners were not thinking about selling until you showed up. Sponsors lay out their investment focus across financials, geographies, and industries, and receive relevant opportunities directly from boutique investmentbanks, business brokers and company owners.
So that was a while back, but nonetheless, I don’t know if it was love at first sight, but we got to get along pretty well, and after a few years working for investmentbanks, he then joined Goldman Sachs. I joined, effectively, Deutsche Bank. We decided to try to have a go on our own. We were 28, 30 respectively.
We held our team together throughout the downturn to be able to capture dealflow when markets returned and our investment sales team's efforts in the back half of 2024 were fantastic and set us up very well for 2025 and beyond. For the full year, our property sales team sold $9.8 Thank you for your time today.
We raised Alliant's 117th low-income tax credit fund during Q2, and we broadened our investmentbanking capabilities from predominantly single-family by hiring a new managing director focused on the commercial real estate market. per share, payable to shareholders of record as of August 17th.
Our investment sales market presence and team is extremely strong. And as property sales volumes pick up, it will benefit investment sales, debt placement, valuation services, investmentbanking, and our affordable housing business. per share yesterday, payable to shareholders of record as of August 22.
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