Morgan Stanley's global head of the Principal Capital Advisory (PCA) group has left the bank, according to Secondaries Investor. The departure was confirmed by sources familiar with the matter, though no replacement has been named yet. The PCA group, which advises on secondary transactions in private equity and venture capital, will continue to operate as usual during the transition.

The timing of the departure comes as the secondary market remains active, with investors seeking liquidity solutions and portfolio optimization strategies. Morgan Stanley's PCA group has been a significant player in facilitating secondary transactions, helping limited partners and general partners navigate complex portfolio sales and restructuring.

While the bank has not disclosed the reason for the executive's departure or provided a timeline for naming a successor, the move highlights ongoing leadership changes in the secondary advisory space. Industry observers note that maintaining continuity in the PCA group's operations will be crucial as market conditions evolve and demand for secondary advisory services remains strong.