UK Private Equity Firm Hollyport Hires Evercore to Explore Sale

Hollyport Capital, an investment firm focused on buying second-hand stakes in mature private equity assets, is exploring a potential sale of itself in what could be the latest deal in the booming sector.

The London-based company is working with advisers at Evercore Inc. to explore options for its business, including a potential sale that could fetch about $1 billion, according to people familiar with the matter. The talks are at an early stage and there’s no certainty they will culminate in a transaction, the people said, asking not to be identified discussing private information.

Representatives for Hollyport declined to ...