Kline Hill hires Unigestion, Partners Group execs in expansion of GP-led strategy

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

Buyouts • June 2, 2021

by Chris Witkowsky

Kline Hill Partners, which focuses on secondaries at the smaller end of the market, is expanding its offering to formalize a strategy around GP-led transactions, and bringing on two experienced executives to help lead the way.

The firm, formed by ex-Willowridge Partnersexecutive Mike Bego in 2015, hired David Swanson from Unigestion to head up its GP-led efforts inNorth America. For Europe, the firm hired ElenaLaleh of Partners Group. Swanson started in the role June 1, while Laleh will start Sept. 1, Bego told Buyouts.

Swanson worked at Unigestion from 2012, most recently as partner, before which he was a director at FTI Consulting from 2005 to 2012, according to his LinkedIn profile. Laleh worked at Partners Group since 2014, before which she worked at Credit Suisse and at Nestle, her profile said.

Kline Hill is not changing its focus on its existing LP secondary strategy. The firm has done some GP-led transactions, but believed it was time to formalize the strategy, as well as bring on people with specific experience, Bego said. It is understood Kline Hill will come to market with a separate fund for GP-led deals later this year, according to an industry source. Bego declined to comment about fundraising.

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