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The development comes a week after it emerged that UBS’s former EMEA head Sandro Galfetti had joined Houlihan Lokey.

Lili Wang is evaluating new product strategies across private credit, private equity secondaries and real estate.

A US-based managing director will join Sandro Galfetti to head up the investment bank’s GP-led advisory business in Europe out of London.

The $3bn University of Nebraska Foundation sees ‘some value’ as a buyer in syndicated portfolio sales comprising 50 fund stakes, according to CIO Brian Neale.

The hire comes a year after the US’s second-largest banking institution made its foray into secondaries market advisory.

The hire comes as part of the law firm’s plans to expand its North American team.

Chief executive Ken Moelis has previously said the investment bank would be ‘aggressive’ in building out its secondaries advisory business.

Gregory Hardiman, who previously co-led 17Capital’s US investment efforts, has been named managing director and head of GP-LP solutions at Crescent Capital.

The lower mid-market, GP-led specialist Timber Bay Partners is bolstering its platform, joining a slew of other firms looking to do the same.

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