Macfarlanes advises Hollyport Capital on raising its sixth secondaries fund

Macfarlanes has advised London-based investment firm, Hollyport Capital LLP, on the raising of its sixth fund, Hollyport Secondary Opportunities VI, which has closed at its hard cap of $500m.

This represents a significant increase in assets under management for Hollyport Capital and an increase on their fifth secondaries fund which closed in November 2015 with commitments of £187.5m. Hollyport Capital plans to continue its focus on the mature private equity secondaries market and has already completed a number of investments for the new fund.    

The Macfarlanes team for this matter was led by investment management partner Christopher Good with assistance from senior solicitor Harriet Hamilton. Tax-related expertise was provided by tax partner James McCredie and tax solicitor Alex Ereira.

We are delighted to have achieved a final close of Hollyport VI at its hard cap in such a short timescale. The Macfarlanes team provided valuable advice and support, and in particular helped to propose a fund structure and associated documentation that addressed the requirements of a range of multi-national investors.