Secondaries Investor Kline Hill Targets $300M for Latest Fund

Kline Hill Partners is aiming to raise $300M for its latest private equity secondary fund, KHC Partners Fund II.

At the target amount, the fund would surpass and more than double the $103.5M target of its predecessor, KHC Partners Fund. According to a January 17 filing with the SEC, fundraising for the new fund is not planned to last more than a year.

Greenwich, CT-based Kline Hill targets opportunities in the small-deal secondary market. The fund-of-funds manager is involved in LP fund transfers, GP-led transactions, and secondary directs, according to its website. It most recently served as co-lead investor with Barings on a Guardian Capital Partners continuation fund for portfolio company Havis Inc.

Since its establishment, Kline Hill has amassed $4.2B in AUM. Earlier in 2024, the firm was reportedly aiming to raise $2.7B in total through its core LP secondaries strategy and GP-led transactions strategy. A separate February 2024 filing with the SEC showed that it was seeking to raise $750M for Kline Hill Partners Core Fund V.

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Written By: Dakota

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