Hollyport holds £125m first close for latest secondaries fund

The vehicle was launched in June 2015, targeting £150m, and is the GP's fifth fund. Hollyport raised its first vehicle in 2007.

The manager said it is seeing a strong pipeline of opportunities to acquire secondary stakes and expects to make the first investments through the new fund later this year.

A final close is expected before the end of 2015.

Investors
LPs in HSO V include a mix of new and existing investors. The investor base comprises 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 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.

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