Houlihan Lokey Adds Secondaries Expert Buffery to Capital Solutions Team
Event summary
- Dan Buffery joins Houlihan Lokey as Managing Director in Capital Solutions Group, focusing on North American GP-led secondaries advisory.
- Buffery brings nearly 10 years of experience from HarbourVest Partners and prior roles at OPTrust.
- Houlihan Lokey's Capital Solutions Group comprises over 200 professionals across 18 offices, advising on $38B+ in transactions over the past year.
The big picture
Houlihan Lokey's hire of Dan Buffery underscores the intensifying competition in private equity secondaries, where GP-led transactions are becoming increasingly institutionalized. The move comes as the broader secondaries market experiences record deal volumes, driven by investors seeking liquidity and portfolio optimization. With over $38B in recent transaction activity, Houlihan Lokey is positioning itself to capture more of this growing segment.
What we're watching
- Market Expansion
- How Buffery's expertise will accelerate Houlihan Lokey's growth in the GP-led secondaries space.
- Competitive Positioning
- Whether this hire strengthens Houlihan Lokey's standing against rivals like Evercore and PJT Partners.
- Deal Flow Dynamics
- The pace at which secondaries market activity will continue its explosive growth trajectory.