Proskauer Rose advised Hollyport Capital on the formation of the asset management firm’s latest fund making investments in “mature” private equity funds in the secondary market, the law firm said Thursday.
The Hollyport Secondaries Opportunities Fund VIII closed with more than $2.2 billion in commitments, significantly better than its $1.5 billion target, Proskauer said.
Hollyport specializes in secondary transactions that allow private equity investors to realize value, and liquidity, from portfolios of mature assets. It says it has over $4.7 billion under management with investors including institutions, family offices, endowments, and high net worth individuals.
The new fund, which made ...
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