The vehicle, raised in partnership by the two firms, exceeded its $300m target to close on its hard-cap, Secondaries Investor has learned.

When founder Michael Bego launched Kline Hill Partners in 2016, he never imagined that the New York City-based private equity firm would expand rapidly enough to become an established manager with more than $6.4B in assets.

Mid-market deals are sensitive to interest rates – which is why the long-running feud between President Donald Trump and Federal Reserve Chair Jerome

The record $226 billion in transactions in 2025 rose 41% year-over-year, according to data from Evercore Private Capital Advisory.

Europe’s natural mid- and lower-mid-market is a good fit for the secondaries specialist, founder Michael Bego tells PE Hub.

Limited partner-led private equity secondaries are driving the market to record highs, a trend likely to continue and to expand to private credit.

Ask any investment professional what the market demands, and the answer is almost always the same: certainty. That’s exactly what Wall Street thought it was getting when Trump was reelected for a second term.

Continuation funds aren’t the only strategy firms are using to generate liquidity for LPs. Others include strip sales, preferred equity deals and tender offers.

With around 29,000 companies held in private equity portfolios, experts say there aren’t enough potential buyers out there to acquire them all. Thus, providing liquidity to LPs in spite of the excess is a systemic challenge. How will it wind up? Dealmakers weigh in.

Kline Hill, a secondaries investor based in Greenwich, Connecticut, has been entertaining inbound acquisition interest for most of its decade-long existence.