Sixth Street, Bridgepoint Said Among Suitors for Kline Hill (1)

Sixth Street, Bridgepoint Group Plc, First Eagle Investment Management and Tikehau Capital SCA are among suitors vying to acquire Kline Hill Partners, a firm focused on secondaries bets, according to people with knowledge of the matter.

The asset managers are exploring a deal that could value Greenwich, Connecticut-based Kline Hill at about $500 million, said some of the people, who requested anonymity to discuss confidential information. The structure of the transaction hasn’t been finalized. Kline Hill manages more than $4.2 billion, its website shows.

“Kline Hill’s interest in finding a partner would be to enhance its platform and ...