HighVista Strategies has appointed Raudel Yanez as managing director and head of private equity secondaries, as the firm looks to build out a GP-led secondaries strategy focused on the lower mid-market, according to a report by CityBiz.
The hire marks a strategic expansion of HighVista’s existing private equity platform, extending its long-standing focus on lower mid-market investments. The firm is targeting GP-led transactions – particularly continuation vehicles – which are increasingly being used by sponsors to generate liquidity while retaining exposure to high-performing assets.
HighVista sees a strong opportunity in this segment, citing inefficiencies in the lower mid-market that can be accessed through proprietary sourcing, established sponsor relationships and disciplined underwriting.
Yanez joins with more than a decade of experience in secondaries investing. He was most recently a senior investor at Kline Hill Partners and has also held roles at Spring Bridge Partners and Coller Capital.
Based in Boston, HighVista manages more than $11bn in assets and invests across private and public markets, including private credit, venture capital and hedge strategies.
