Hollyport Secondary Opportunities IV £75m Final Close

19 December, 2013 London

Hollyport Capital is pleased to announce the final close of its fourth fund, Hollyport Secondary Opportunities IV (“Hollyport IV”).  Hollyport IV was launched in February with an initial target of £50m, and has now closed at its hard cap of £75m.

John Carter, Chief Executive of Hollyport Capital, commented: “We are delighted to have achieved a  final close of Hollyport IV at its hard cap limit within 10 months of launch.  We have received exceptionally strong support from existing investors, and are delighted to welcome a number of established institutional investors for whom Hollyport IV represents their first commitment to Hollyport funds.

The private equity secondary market is attracting substantial new commitments from investors, and this volume of capital will inevitably increase competition between secondary firms.  We believe that Hollyport’s tightly focussed investment strategy, which has been followed consistently across all of our previous funds, will enable us to continue to identify opportunities which offer attractive returns. We are experiencing a strong pipeline of investment opportunities which meet our investment criteria, and expect to complete a number of investments in Hollyport IV before the end of the year”.  Like its predecessors, Hollyport IV will invest in small parcels of mature and orphaned private equity fund interests, a strategy that has consistently generated attractive returns.

About Hollyport Capital
Hollyport Capital is a specialist investment manager based in London focusing on mature private equity secondaries.  Its Partners have a combined experience of the private equity market spanning over 90 years, enabling Hollyport to source and appraise global private equity fund portfolios.  Founded in 2006, Hollyport has raised four secondary funds each focused on acquiring legacy private equity fund interests.  Fund I was raised in 2007 with £6m of commitments; it is now close to being fully realised.  Fund II was raised in 2008 with £16m of commitments, and is now in its realisation phase.  Fund III was a £30m fund raised in 2011, and is now fully invested.  Investors in Hollyport Funds include Institutions, Family Offices, Endowments and Sophisticated High Net Worth Individuals.  Hollyport seeks to minimise investment risk by acquiring assets highly diversified by fund type, manager and geography.  By focusing on mature assets, Hollyport is able to offer the prospect of early liquidity to its investors.

SOURCE:  Hollyport Capital 

RELATED LINKS:  http://www.hollyportcapital.com 

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