Moelis & Co is strengthening its LP‑led secondaries business by bringing in a senior team from Evercore. The firm announced that Zach Herr, a vice‑president at Evercore, will move to Moelis & Co as a managing director and will lead the construction of its LP‑led secondaries division, according to Secondaries Investor. Herr’s expertise in private‑capital advisory will anchor the new unit, and he will be joined by three additional hires from Evercore.

This new focus comes amid a growing secondary market, where limited partners are actively seeking liquidity and diversification. By expanding the private capital advisory team, Moelis & Co aims to capture more deal flow and provide tailored solutions to institutional investors. The addition of Evercore talent signals the firm’s commitment to deepening relationships with LPs and enhancing its competitive positioning.

With Herr at the helm, Moelis & Co expects to accelerate the development of its secondaries platform, leveraging his network and experience to source and evaluate opportunities. The firm’s broader strategy includes integrating secondary advisory services into its existing investment products, thereby offering a more comprehensive suite to clients.

Overall, the hire reflects Moelis & Co’s broader ambition to become a leading player in the secondary market, positioning the firm to meet the evolving needs of limited partners and strengthen its advisory footprint.