HighVista Expands Secondaries Focus
HighVista Strategies has appointed Raudel Yanez as managing director and head of private equity secondaries, according to a report by Private Equity Wire. The firm is using this hire to build out a GP-led secondaries strategy focused on the lower mid-market, targeting transactions such as continuation vehicles that help sponsors generate liquidity while retaining exposure to high-performing assets.
Strategic Expansion Details
The appointment marks a strategic expansion of HighVista’s existing private equity platform, which has a long-standing focus on lower mid-market investments. HighVista sees opportunities in this segment due to inefficiencies that can be addressed through proprietary sourcing, established sponsor relationships, and disciplined underwriting, as noted in the source material.
Yanez’s Professional Background
Yanez joins HighVista with more than a decade of experience in secondaries investing, having most recently served as a senior investor at Kline Hill Partners and previously held roles at Spring Bridge Partners and Coller Capital. This experience aligns with HighVista’s aim to strengthen its secondaries capabilities.
HighVista’s Operations
Based in Boston, HighVista manages more than $11bn in assets and invests across various markets, including private credit, venture capital, and hedge strategies. As widely known in the industry, secondaries strategies like those HighVista is pursuing often involve secondary market transactions for private equity interests, which can provide liquidity options for investors.
