Piper Sandler Expands Secondary Capital Advisory with Guggenheim Veteran
Event summary
- Tim Light joins Piper Sandler as managing director of secondary capital advisory, based in New York.
- Light brings over a decade of experience in private capital markets, specializing in secondary transactions.
- Previously, he was a managing director at Guggenheim, where he helped build its secondary advisory practice.
- Light has also held roles at Sixpoint Partners and Greenhill Cogent.
- Piper Sandler aims to strengthen its secondary advisory capabilities to meet growing demand for liquidity solutions.
The big picture
Piper Sandler's hire of Tim Light underscores the increasing importance of secondary capital advisory in the private equity landscape. As institutional investors seek more flexible liquidity options, firms like Piper Sandler are bolstering their advisory capabilities to meet this demand. Light's extensive experience in structuring complex secondary transactions positions Piper Sandler to better serve private equity sponsors and institutional investors navigating an evolving private capital market.
What we're watching
- Market Demand
- How Piper Sandler will capitalize on the growing demand for tailored liquidity solutions in the private capital space.
- Competitive Positioning
- Whether Light's addition will enhance Piper Sandler's competitive edge against other investment banks in the secondary market.
- Execution Risk
- The pace at which Light can integrate and leverage his established relationships to drive deal flow and client acquisition.