Hollyport Capital raises $500m

The London-headquartered firm is first to launch its first dollar-denominated fund.

Hollyport Capital held a final close for its Hollyport Secondary Opportunities VI at $500 million, surpassing its original $400 million target.

The vehicle is the first dollar-denominated fund from Hollyport, following strong capital support from US and multinational endowments and institutional investors. The fund’s predecessor raised £187.5 million in November 2015.

The firm will use the capital to make secondary investment in a diverse number of sectors globally.