Paul Capital was founded in San Francisco in 1991, in response to a market opportunity, resulting in one of the first ever secondary transactions. With this pioneering beginning, Paul Capital has quickly risen to a leadership position in the secondary investment industry, transitioning from a small west coast team to a global firm with North American offices in San Francisco and New York and 16 US-based secondary investment professionals.

Paul Capital's North American Secondary investment professionals provide innovative and customized liquidity solutions for pension plans, financial institutions, endowments and family offices, corporations and general partners across the continent. The Secondary investment team is a leading provider of liquidity solutions, buying all types of assets, fund interests and portfolios in any region. They work with Paul Capital teams around the world to provide global intelligence and creative solutions.