Presidio Investors (“Presidio”) and Kline Hill Partners (“Kline Hill”) are pleased to announce the final close of a continuation vehicle in connection with the acquisition of ElevATE Semiconductor (“ElevATE”)

Presidio saw an opportunity to extend its hold over Elevate as it continues to implement its growth plan that includes further spending and future acquisitions.

Hefty price discounts in private equity’s secondary market may indicate the true value of some funds as overallocated LPs seek liquidity.

Strengthens Firm’s GP-Led Sourcing Capabilities in North America

KHP Promotions and New Hires Reflect Firm’s Growth of Women Executives in Investment and Operational Leadership Roles

Secondary investors and financial advisers say they are awash in deals, thanks to strong performance by private-market portfolios that buoyed pricing for assets.

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.

The first half of this year saw LP portfolios of various sizes return – slowly – to the market. It’s unlikely, however, that the short term will see a return to more of the traditional split where LP-led deals dominate activity in the industry.

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