Investment firm expands into secondaries market as demand for liquidity alternatives grows across private equity industry.
HIG Capital has launched a new GP Solutions Platform, marking its entry into the rapidly expanding secondaries market with a team of four senior professionals recruited from Morgan Stanley’s private equity secondaries unit.
The platform will focus on GP-led transactions, providing liquidity solutions and continuation vehicles for private equity sponsors seeking alternatives to traditional exits. Dan Wieder will lead the effort as Managing Director, joined by Managing Director Yash Gupta and Principals Austin Gerber and Joe Holleran.
The team brings nearly five decades of collective experience in secondaries investing. Wieder and Gupta previously held senior leadership roles as Managing Director and Partner at Morgan Stanley, while Gerber and Holleran served as Executive Directors.
“We are thrilled to welcome Dan and this seasoned team to H.I.G.,” said Rick Rosen, Co-President of HIG Capital. “Their collective expertise, proven investment acumen, and entrepreneurial mindset are highly complementary to our platform.”
Growing Demand for Secondary Solutions
The platform launch comes as GP-led transactions gain momentum across the private equity industry. These structures allow sponsors to roll high-performing assets into new vehicles while offering liquidity to legacy limited partners and extending value creation timelines.
GP-led exits rose 19% in the first half of 2025, according to Jefferies, reflecting heightened demand for alternative liquidity paths as traditional M&A and IPO markets remain constrained. The trend has prompted established firms including Warburg Pincus, Leonard Green & Partners, and New Mountain Capital to expand their secondaries capabilities.
HIG Capital’s new fund will target such transactions across North America and Europe, leveraging the firm’s existing origination network and underwriting capabilities. The platform aims to deliver risk-adjusted returns by focusing on seasoned assets with shorter duration profiles compared to traditional primary funds.
Recent Portfolio Activity Demonstrates Strategy
HIG Capital’s expansion into secondaries complements its recent deal activity across technology and media sectors. The firm completed its acquisition of Kantar Media, a global leader in media measurement and analytics operating in over 60 markets worldwide.
“Kantar Media has long been recognized as a foundational player in the global media ecosystem, providing mission-critical data and AI-powered analytics,” said Nishant Nayyar, Managing Director at HIG Capital.
The firm also merged technology companies Converge Technology Solutions and Mainline Information Systems in April, creating Pellera Technologies with approximately $4 billion in annual revenue. Additional technology investments included Microsoft partner Quisitive Technology Solutions and healthcare revenue cycle management provider GetixHealth.
These transactions reflect HIG Capital’s focus on companies providing cloud services, cybersecurity solutions, and data analytics—sectors where the firm sees opportunities for operational improvements and growth acceleration.
Founded in 1993, HIG Capital manages $70 billion across multiple investment strategies from 19 global offices. The firm has invested in more than 400 companies since inception, with its current portfolio including over 100 companies generating combined sales exceeding $53 billion.
The GP Solutions Platform represents the latest evolution in HIG Capital’s middle market approach, adding a new avenue for value creation alongside its traditional equity, debt, real estate, and infrastructure strategies.