Morgan Stanley, Blackstone Alumni Join PE Firm Lindsay Goldberg

Private equity firm Lindsay Goldberg is rolling out a secondaries strategy led by two executives who specialized in the booming market at Morgan Stanley and Blackstone Inc.

Charles Carroll, who was recently global head of Morgan Stanley’s private capital advisory business, will co-lead the secondaries strategy along with Mike Audet, who was a managing director for Blackstone’s Strategic Partners unit.

Lindsay Goldberg, Carroll and Audet did not respond to requests for comment.

The secondaries market has surged in recent years as higher interest rates slowed traditional exit routes such as asset sales or initial public offerings. Transaction volume ...