Our Senior Team

Biography

Paul Sanabria is a Managing Director in Private Capital Advisory at Moelis & Company. He has over 25 years of experience advising sponsors, institutional investors, and other financial services firms in the secondary market, having co-founded three secondary units over the course of his career. He has advised on more than 60 complex liquidity solutions representing over $14 billion in transaction value, including GP-led continuation vehicles (CVs), asset sales, strip sales, fund recapitalizations, tender offers, and LP interests, among others. Paul has also invested over $1 billion in the secondary market as a principal investor and managed more than $3 billion in primary, secondary, and co-investment private equity strategies.

Prior to joining Moelis & Company, Paul was a Senior Managing Director and Global Co-Head of Secondaries at Manulife Investment Management, where he co-led a team focused on investing balance sheet and third-party capital in GP-led secondary market CVs. Over five years at Manulife, Paul reviewed more than 900 CV investments from over 800 sponsors. Paul was previously Co-Head of Houlihan Lokey’s Illiquid Financial Assets practice, one of the earliest and most innovative secondary advisory banking businesses, where he pioneered the use of CVs in GP-led secondary transactions to create liquidity for sponsors, LPs, and management teams. Prior to Houlihan Lokey, Paul was a Senior Managing Director and Co-Head of Bear Stearns Asset Management’s secondary investing unit. Paul started his career as an engineer at Hewlett-Packard and spent nine years as a management consultant.

Paul received a B.S. in Engineering from Sacramento State University and an M.B.A. from Harvard University.