Macfarlanes has advised investment firm Hollyport Capital on the raising of its fifth fund, which closed above target with commitments of £187.5m.

This new fund will continue Hollyport Capital’s investment strategy of acquiring private equity interests on the secondary market in what are often smaller and more complex transactions, helping investors to manage and exit their legacy private equity holdings.

The fund’s final close came just a few months after the first closing in the summer of 2015, and exceeded the target size of £150 million.  The Macfarlanes team was led by funds partner Christopher Good with partner James McCredie advising on tax aspects.  Investment management solicitor Jennifer Murphy also advised.