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Hollyport explores $1bn sale amid secondaries boom

PE Insights •
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Hollyport Capital has engaged Evercore to explore strategic options including a potential sale that could value the London-based private equity secondaries manager at around $1bn. The firm oversees more than $9bn in assets, with discussions remaining preliminary at this stage. This move follows increasing consolidation in the crowded secondaries space.

The secondaries market expanded 41% in 2025 to reach $226bn in transaction volume, according to Evercore data. Recent deals include EQT's $3.2bn acquisition of Coller Capital, CVC's purchase of Glendower Capital, and Ares Management's acquisition of Landmark Partners. Hollyport's potential sale would reinforce premium valuations for scaled platforms.

Founded in 2006 by John Carter, formerly of 3i Group, Hollyport has raised nine secondaries funds. Its Secondary Opportunities IX fund closed at $4.3bn in October, exceeding its $3bn target. A successful transaction would highlight investor appetite for established secondaries players amid record liquidity demand in the market.