The following Big Move! items appeared in the August 8 edition of Private Equity Career News:
Miami-based alternative investments firm H.I.G. Capital has recruited a team from Morgan Stanley Private Equity to launch a GP-led secondaries business. Led by Managing DirectorDan Wieder, the team also includes Managing Director Yash Gupta and Principals Austin Gerberand Joe Holleran. H.I.G. Capital joins a growing number of firms known largely for PE investing to start GP-led secondary groups. They include Boston-based Audax Group, Los Angeles-based Leonard Green & Partners, and New York City-based Warburg Pincus.