Hollyport has closed a $1.5 billion GP-led secondaries programme targeting legacy carry vehicles. Co-founders Steve Nicholls and Catherine Badour are focusing on assets held for five or more years. The firm seeks investments with stronger fundamentals and clearer exit pathways as limited partners demand longer holding periods.
This strategy reflects a broader market shift toward quality over speed in the secondaries space. By targeting assets with more to show after extended fund terms, Hollyport aims to deliver improved returns for its investors. The approach comes amid increased scrutiny of GP-led transactions and a push for greater transparency.
Western Europe remains a key focus region for the new capital, which will be deployed through single-asset and portfolio-level structures. Hollyport's track record in navigating complex carry situations positions it well to manage the expected wave of mature assets exiting the market.
Source: Secondaries Investor · Summarized by HeadlinesBriefing