Hg announces new GP-led secondaries team
• 1 minute read
15 January 2026 – Hg, the leading investor in European and transatlantic software, services and data businesses, today announces the formation of a new team that brings together experience and capabilities to invest in GP-led secondaries transactions within Hg’s core software and technology-enabled services sectors.
The team will expand Hg’s existing strategy into single-asset secondary investments and is led by Dushy Sivanithy, who joins Hg from CPP Investments, where he spent over seven years leading the secondaries business as well as launching the firm’s single asset programme.
Daniel Ward, most recently of CPP Investments and a former colleague of Dushy, also joins the firm and, together, they bring significant secondaries experience to enhance Hg’s extensive network across the mid-market sponsor universe.
Dushy Sivanithy, Partner and Head of Secondaries, said: “The GP-led secondaries sector is at an inflection point. There is an increasing need for specialist investors to marry deep domain expertise with a strategic approach to partnering with sponsors. Hg’s sector focus, scaling expertise and track record of partnering successfully with direct co-investors make it a highly differentiated platform.”
Steven Batchelor, Managing Partner and Co-CEO at Hg, said: “The secondaries market is at the early stages of an evolution towards greater specialisation, mirroring the development of the buyout market over the past 25 years. This makes the potential development of a dedicated fund in this space attractive on both a current and forward-looking basis. Increasingly, high-quality software businesses are being compounded for longer periods across funds, favouring investors with deep sector expertise, strong underwriting capabilities and a conviction-led approach.”
The announcement comes against a backdrop of strong growth in the global GP-led secondaries market, which has expanded at approximately 24% CAGR over the past 5 years and is expected to exceed $100 billion in 2025 when figures are released.
The addition of a GP-led secondaries team is a recognition that many GPs will want to continue to own and support their best software and tech-enabled services businesses for extended periods. The new team enables Hg to provide its clients with access to these proven compounders, while bringing Hg’s differentiated insight, scale and flexibility to GP-led transactions.
For further information, please contact:
Hg
Tom Eckersley, tom.eckersley@hgcapital.com
Sam Ferris, sam.ferris@hgcapital.com
Dushy Sivanithy, dushy.sivanithy@hgcapital.com
Daniel Ward, daniel.ward@hgcapital.com