Hollyport Raises $4.5 Billion for Latest Secondaries Fund

Hollyport Capital, an investment firm focused on buying second-hand stakes in mature private equity assets, has raised $4.5 billion for its flagship strategy amid a boom in secondaries activity.

Hollyport Secondary Opportunities IX amassed $4.3 billion, exceeding the fund’s $3 billion target, and is more than double the size of its predecessor vehicle, according to a statement reviewed by Bloomberg News.

The London-based firm raised an additional $250 million through separately managed accounts, the statement showed. The fund drew over $1 billion of new capital, and also saw strong support from existing investors.

Secondaries deals help investors, or limited ...