Houlihan Lokey Boosts Private Equity Secondary Unit

Apr 1 2009 | 2:00am ET

Investment bank Houlihan Lokey has hired Jeff Hammer and Paul Sanabria to lead a team focused on the secondary market for partnerships and other private investments held by institutional investors.

Hammer and Sanabria are veterans of Bear Stearns, where they built both primary and secondary p.e. businesses. They will be based in New York, reporting to Bob Hotz and Scott Adelson, global co-heads of investment banking.

“Jeff and Paul are well-positioned to serve this market having been investors, asset managers, and advisors to both institutional investors and financial sponsors throughout their careers,” said Adelson. “They will provide our clients with sound advice and innovative solutions to meet the challenges of the current environment.”

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