Hg has hired Daniel Ward, a former principal at CPP Investments, to its secondaries team. This move follows the firm's recent launch of a dedicated secondaries unit. Ward's expertise in GP-led transactions is expected to bolster Hg's investment capacity in this growing market segment.

The hire signals Hg's serious commitment to the secondaries space, where complex GP-led deals are becoming increasingly common. For institutional investors like CPP Investments, secondaries offer a way to manage portfolio liquidity and rebalance exposures. Hg is positioning itself to capture more of this activity.

Ward's arrival from CPP Investments, a major player in the secondaries market, adds significant industry credibility. The trend of funds building out secondaries capabilities reflects a broader shift in private equity, where portfolio restructuring and liquidity solutions are now central to fund manager strategies.