Hollyport names three new partners in latest promotion round

Hollyport Capital has promoted three staff members to partner, marking a bumper round of top-level promotions for the firm.

The promotions bring the total number of partners at London-headquartered Hollyport, which specialises in acquiring tail-end private equity portfolios, to eight, senior investor relations associate Katy Radcliffe told Secondaries Investor.

The recent promotions to partner include head of investor relations Catherine Badour, who has spent more than eight years at the firm, and head of finance Mei Chan. Having joined in 2017, Chan heads up finance, compliance and regulatory functions for the firm.

James Jupp, who launched Hollyport’s New York office in 2018, has also been promoted to partner within the investment team. Jupp joined Hollyport in 2015 and relocated back to London earlier this year to focus on legacy LP portfolio transactions.

Hollyport also tapped long-time Evercore executive Michael Catts earlier this year, who joined as partner and head of its New York operations.

A year prior to Catts’ arrival, the firm made its first partnership promotion since 2013: Richard Grindrod was the first Hollyport employee to move all the way up the ranks, having joined as an associate in 2015. The new partners join managing partner John Carter and partners Steve Nicholls, Ed Gay, Grindrod and Catts.

Alongside the promotions, Hollyport has hired two investment team associates and two executives in its finance functions. The new hires bring total headcount to 42.

Hollyport is currently in market targeting up to $2.5 billion for its latest flagship, Hollyport Secondary Opportunities VIII. The vehicle has already surpassed its $1.5 billion target with $1.82 billion in commitments, according to Secondaries Investor data. The firm is also raising an overage fund targeting $500 million.

Hollyport Capital rose an impressive 11 places to 26 in this year’s SI 50 ranking, having raised $3.4 billion over the last five years. The firm has over $4.7 billion in assets under management, according to its website.