Private equity firm targets GP-led transactions as alternative exit strategies gain popularity across the industry.
HIG Capital has recruited four senior executives from Morgan Stanley’s private equity secondaries unit to launch a new GP Solutions Platform, marking the firm’s entry into the fast-growing secondaries market.
The Miami-based investment house hired Dan Wieder, Yash Gupta, Austin Gerber, and Joe Holleran, who collectively bring nearly five decades of experience in secondaries investing. Wieder will serve as Managing Director leading the platform, while Gupta joins as Managing Director and Gerber and Holleran as Principals.
The new division will focus on GP-led transactions, including continuation vehicles that allow private equity sponsors to retain ownership of portfolio companies while offering liquidity to existing limited partners.
“Their collective expertise, proven investment acumen, and entrepreneurial mindset are highly complementary to our platform,” said Rick Rosen, Co-President of HIG Capital, regarding the new hires.
Market Conditions Favor Secondaries Growth
The expansion comes amid robust activity in GP-led structures, which have become increasingly attractive as traditional exit routes face headwinds. Jefferies data shows GP-led exits increased 19% in the first half of 2025 as sponsors seek alternatives to constrained IPO and M&A markets.
Established firms including Warburg Pincus, Leonard Green & Partners, and New Mountain Capital have similarly expanded their secondaries capabilities to meet growing investor demand for liquidity solutions with shorter duration profiles.
HIG Capital’s platform will target transactions across North America and Europe, leveraging the firm’s middle market expertise and existing deal flow to identify opportunities in seasoned portfolio companies.
Active Deal Pipeline Demonstrates Strategy
The secondaries launch complements HIG Capital’s active investment pace across multiple sectors. Recent transactions include the acquisition of Kantar Media, a London-based provider of media measurement and analytics services operating in more than 60 markets globally.
Kantar Media CEO Patrick Béhar described joining HIG Capital as “the beginning of an exciting new chapter” that will allow the company to “reinforce our position as a fiercely independent authority in media measurement.”
HIG Capital Portfolio Expansion
Technology investments have featured prominently in HIG Capital’s 2025 activity. The firm completed the merger of Converge Technology Solutions and Mainline Information Systems, forming Pellera Technologies with approximately $4 billion in annual revenue and expertise spanning cybersecurity, cloud services, and artificial intelligence.
Other notable acquisitions included Quisitive Technology Solutions, which provides Microsoft Cloud and AI services, and GetixHealth, a healthcare revenue cycle management company serving major health systems.
HIG Capital manages $70 billion across diverse investment strategies from 19 global offices. Since its 1993 founding, the firm has invested in more than 400 companies, with its current portfolio including over 100 companies that generate combined sales exceeding $53 billion.
The GP Solutions Platform adds to HIG Capital’s existing capabilities in private equity, growth equity, real estate, direct lending, infrastructure, special situations debt, and growth-stage healthcare investments.
