Houlihan Lokey Expands GP-Led Secondaries Capabilities into Real Estate With Senior Hire in Capital Solutions Group

Key Terms

gp-led secondaries financial

GP-led secondaries are transactions where the fund manager (the general partner) organizes a sale or transfer of existing private investments—often into a new vehicle—to give current investors a way to cash out or extend holdings. For investors, this matters because it provides an opportunity for liquidity or a revised holding period, but can also change fees, valuations and incentives; think of it like a landlord offering tenants a buyout or a lease extension under new terms.

primary fundraising financial

Primary fundraising is when a company raises new capital by issuing new securities or shares directly to investors, with the money going to the company rather than existing shareholders. It matters to investors because it provides cash for growth, debt payoff, or operations but can reduce each existing holder’s percentage ownership and earnings per share—like adding more slices to a pizza so each slice becomes smaller even though the pizza can be bigger overall.

secondary transactions financial

Sales or trades of already-issued shares or stakes between investors rather than new shares created by the company; think of it like selling a used car between private buyers instead of buying a brand-new model from the dealer. These transactions create liquidity and price signals for holders, can change who controls or influences a company, and help investors value shares when primary fundraising is not involved.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Bodo Krug von Nidda Joins as a Managing Director

NEW YORK--(BUSINESS WIRE)-- Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Bodo Krug von Nidda has joined the firm as a Managing Director in its Capital Solutions Group. Mr. Krug von Nidda is based in New York and will collaborate with his partners in Equity Capital Solutions and Real Estate Capital Advisory to focus on GP-Led Secondaries advisory.

“As we continue to build out our GP-led secondaries capabilities amid our broader expansion into the real estate sector, Bodo is an excellent addition to the Capital Solutions platform. We are more confident than ever that we can deliver highly bespoke private capital solutions to our real estate clients around the world, and I’m delighted that Bodo has joined the team,” said Gregg Newman, Global Co-Head of the Capital Solutions Group at Houlihan Lokey.

Mr. Krug von Nidda joins from PJT Park Hill, where he was a Managing Director in the real estate group, advising private equity real estate managers on primary fundraising and secondary transactions. Prior to PJT Park Hill, he was a Principal at Alpine Grove Partners, where he managed portfolio investments in real estate operating companies.

“Bodo’s deep passion for delivering superior outcomes to clients is fully in line with our client-centric corporate culture, and he will be indispensable to our Equity Capital Solutions team as we continue to grow our Secondaries practice,” commented Matt Swain, Global Co-Head of Equity Capital Solutions at Houlihan Lokey. “Bodo’s hands-on real estate experience, including acquisitions, asset management, and advising on numerous GP-led secondaries transactions, will be invaluable to our clients seeking liquidity solutions for their real estate vehicles,” said Steve Loffman, who leads Houlihan Lokey’s U.S. Real Estate Capital Advisory practice.

“Houlihan Lokey’s Capital Solutions platform is among the best of its kind, and the substantial growth of its real estate capabilities presents an exciting opportunity,” said Mr. Krug von Nidda. “I am delighted to boost the team’s real estate secondaries advisory offering so we can help our global client base with their capital needs along the entire investment life cycle.”

Houlihan Lokey’s Capital Solutions Group comprises 200 dedicated professionals across 18 offices in eight countries, including Atlanta, Boston, Chicago, Dallas, Dubai, Frankfurt, Houston, London, Los Angeles, Madrid, Manchester, Miami, Milan, Munich, New York, Paris, San Francisco, and Zurich. In the past 12 months, the group raised and advised on over $38 billion across more than 125 transactions.*

*As of March 31, 2026.

About Houlihan Lokey

Houlihan Lokey, Inc. (NYSE:HLI) is a leading global investment bank recognized for delivering independent strategic and financial advice to corporations, financial sponsors, and governments. With uniquely deep industry expertise, broad international reach, and a partnership approach rooted in trust, the firm provides innovative, integrated solutions across mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Our unmatched transaction volumes provide differentiated, data-driven perspectives that help our clients achieve their most critical goals. To learn more about Houlihan Lokey, please visit HL.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260604352226/en/

Investor Relations
+1 212.331.8225
IR@HL.com

Media Relations
+1 917.331.1580
PR@HL.com

Source: Houlihan Lokey, Inc.