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Houlihan Lokey Adds Bodo Krug von Nidda to Expand Real Estate Secondaries Advisory

Reported by Citybiz
Jun 4, 2026· 2 min read
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Key Takeaways
  • • Houlihan Lokey hired Bodo Krug von Nidda as a managing director to expand GP-led secondaries advisory specifically into real estate, positioning the firm to capture liquidity demand in private real estate markets.
  • • Krug von Nidda joins from PJT Park Hill, where he was a managing director advising private equity real estate managers on primary fundraising and secondary transactions, bringing direct expertise in the sector.
  • • Houlihan Lokey's Capital Solutions Group now spans over 200 professionals across 18 offices globally, with a track record of raising or advising on over $38 billion in 140 transactions.
  • • The hire reflects growing institutional demand for secondaries solutions in real estate, as GPs seek liquidity and capital solutions in an increasingly competitive fundraising environment.
Summary
Houlihan Lokey has expanded its Capital Solutions Group with the appointment of Bodo Krug von Nidda as a managing director, marking a strategic push to deepen the firm's capabilities in GP-led secondaries advisory within real estate. Krug von Nidda, based in New York, will focus specifically on secondary transactions across real estate vehicles, addressing a market segment where demand for liquidity solutions has grown among general partners seeking capital and portfolio optimization.

Krug von Nidda brings relevant sector experience from his tenure at PJT Park Hill, where he served as a managing director in the real estate group. In that role, he advised private equity real estate managers on both primary fundraising initiatives and secondary transactions, positioning him to leverage existing relationships and market knowledge within the institutional real estate space.

The Capital Solutions Group, which houses Krug von Nidda's practice, is Houlihan Lokey's anchor platform for capital advisory work. The group currently operates across 18 global offices with more than 200 professionals and maintains a substantial deal pipeline: the firm has raised or advised on over $38 billion across 140 transactions. This scale provides Krug von Nidda with institutional infrastructure and deal flow access to serve large-scale client mandates across the GP-led secondaries market.

The hire underscores Houlihan Lokey's commitment to expanding its footprint in alternative asset advisory at a time when private markets—particularly real estate—are increasingly reliant on secondary solutions to address liquidity constraints, refinancing pressures, and portfolio rebalancing needs among institutional investors.

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Sources

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Citybiz Houlihan Lokey Adds Bodo Krug von Nidda to Expand Real Estate Secondaries Advisory