Hollyport Capital, which focuses on acquiring stakes in older private-equity funds, is seeking $2bn across two vehicles to pursue the strategy as the market expands, documents presented at a public meeting of the Connecticut Retirement Plans and Trust Funds show.
Hollyport is a manager of global private equity assets that it acquires in the secondary market. Since 2006, Hollyport has raised and invested 7 secondary private equity funds and currently has over $2bn assets under management.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
Hollyport Capital has a diversified global investor base comprising institutional investors, endowments, foundations, family offices and sophisticated high net worth individuals.
Source: Wall Street Journal
Can’t stop reading? Read more
Fund Friday: Top fundraising news in private equity
Fund Friday: Top fundraising news in private equity KKR has closed its North America Fund XIV at...
OVS secures $330m financing as TIP-backed retailer strengthens balance sheet
OVS secures $330m financing as TIP-backed retailer strengthens balance sheet OVS has secured a...
Ares and Antares arrange $1bn private credit deal for Pritzker-backed PLZ
Ares and Antares arrange $1bn private credit deal for Pritzker-backed PLZ Ares and Antares have...