New data shows that 77 percent of allocators have already used secondaries, and 21 percent plan to up their exposure.

Kline Hill Partners founder Michael Bego sees ample opportunities in 2021 after the firm deployed about a quarter of its latest flagship secondary fund during the Covid lockdown last year.

In formalizing the GP-led strategy, Kline Hill joins several other firms like TPG, Blackstone Group and Partners Group.