Paul Sanabria

Global Co-Head of Secondaries


Paul leads the global secondaries business, focused on GP-led and special situation transactions, and partners with private equity, private credit, and secondary fund sponsors. Prior to joining the firm, he was co-head of Houlihan Lokey’s illiquid financial assets practice, a unit he co-founded and built into the leading investment group focused on customized transactions for holders of illiquid securities, and before that, he was a senior managing director at Bear Stearns & Co., where he founded, built and co-led the private equity fund-of-funds and secondary investing unit of Bear Stearns Asset Management. He also acquired and led a private funds group responsible for originating new third-party fund-raising mandates. Earlier in his career, he co-founded BDC Financial, a firm that provided customized private equity investment management and advisory services to institutional and high-net-worth investors.

  • Education: B.S., Engineering, California State University–Sacramento; M.B.A., Harvard University
  • Joined the company: 2019
  • Began career: 1985




Service Languages

  • English