Hollyport closes Secondary Opportunities V on £187.5m hard-cap

Mikkel Stern-Peltz
19 November 2015

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London-based secondaries investor Hollyport Capital has held a final close on the ТЃ187.5m hard-cap for its fifth secondaries fund, Hollyport Secondary Opportunities V (HSO V).

The final close comes just five months after fundraising began: Hollyport went on the road with the vehicle in June 2015, targeting £150m, and held a first close on £125m in August.

Hollyport associate Lama Al-Masri told unquote" the GP had not yet committed capital from HSO V, but that the firm recently completed the investment period for its previous fund, the 2013-vintage £75m Hollyport Secondary Opportunities IV.

Investors
LPs in HSO V include a mix of new and existing investors. The investor base is composed of institutional backers, family offices, endowments and high-net-worth individuals.

Investments
HSO V will follow the same investment strategy as its four predecessors and look to acquire mature stakes in global private equity funds.

The strategy often encompasses stakes in funds that have passed their original term, acquired from investors that have already realised substantial value through their stakes.

People
John Carter is the CEO of Hollyport.