Secondaries investor Hollyport Capital is focused on the legacy private equity market. On the GP-led side, this means finding opportunities to invest in high-quality assets sitting in older funds that are seeking liquidity as they approach the end of their initial 10-year term. One such opportunity arose last year when the UK-headquartered firm found out Silver Oak Services Partners was working on a continuation vehicle (CV) to support Smile Partners, a dental support organization (DSO) it has held since 2017. Hollyport had been tracking the sector for a while and passed on other potential CVs for DSO companies as it waited for the chance to back one of the market’s higher performers.
Read the full article: Hollyport Capital Finds Legacy Value with Smile Partners Continuation Vehicle //
Source: https://ionanalytics.com/insights/mergermarket/hollyport-capital-finds-legacy-value-with-smile-partners-continuation-vehicle-deal-focus/