London-based Hollyport Capital has hired two associates for its investment team, according to a spokesperson at the firm.
Richard Grindrod and Nicholas Richards joined Hollyport at the beginning of the year to focus on deal origination and evaluation.
Grindrod joined the firm from PwC where he was an associate working on the transaction services team. He specifically worked on due diligence reports for financial services transactions, according to his LinkedIn profile.
Richards previously worked as an associate and manger of the mergers and acquisitions team at Deloitte. He was responsible for due diligence, structuring and advisory help on private equity transactions.
The new hires bring Hollyport’s total team to 10 professionals, half of whom are partners. Its size enables the firm to be flexible and think quickly when working on projects, the spokesperson said.
Hollyport is currently investing its latest secondaries fund, 2013-vintage Fund IV. About 60 percent of the £75 million ($113.88 million; €100.46 million) fund has been invested in 14 transactions, Secondaries Investor exclusively revealed on Wednesday. The fund is expected to be fully deployed later this year, which would allow the firm to launch its fifth fund in the second or third quarter.