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Partners Group generated $77bn in private equity secondaries deal flow across 450 deals in 2014, but the firm remains selective in an increasingly competitive market, says co-head of private equity secondaries Adam Howarth.
The separate account will opportunistically invest in Canadian secondaries funds.
Richard Grindrod and Nicholas Richards (pictured) joined Hollyport in January as associates on the investment team.
Toronto-based Kensington Capital Partners hasn’t invested in secondaries since 2010, when it purchased two stakes in Trivest Fund IV, explained managing director Suganya Tharmalingam.
Hollyport has deployed its fourth secondaries fund in 14 transactions and could launch its fifth fund in the second or third quarter.
The transaction comes months after Lexington Partners and Newbury Partners led the restructuring of GMT's $365m Fund II.
Elderstreet Capital Partners is a 1999-vintage £57m fund which still manages online trading platform Caplin.
A ranking of the most in-demand US and European buyout stakes on the secondaries market last year has been revealed by UK broker/advisor Cebile.
LBO funds continue to be the most popular private equity fund purchased on the secondaries market, according to Setter Capital.
Proskauer partner Sean Hill said this week that fund recaps will become a more common strategic management tool.