Houlihan Lokey Announces the Completion of Project Harbor

Houlihan Lokey is pleased to announce the completion of Project Harbor, a GP-led secondary transaction.

Houlihan Lokey acted as the financial advisor to the client, a New York-based private equity firm (the GP), who raised a multi-asset continuation fund.

The continuation fund includes investments in a portfolio of four software companies and will allow the GP to manage these investments over an extended duration. The continuation fund also includes unfunded capital commitments that can be used to make additional investments in the four companies.

The continuation fund is backed by a syndicate of LPs, including commitments from four dedicated secondary investors’ funds and several family offices. The GP’s latest fund will also be investing in the portfolio alongside the continuation fund.

This transaction highlights Houlihan Lokey’s ability to provide a comprehensive suite of GP-led secondary solutions to financial sponsors, including single- and multi-asset continuation funds, strip sales, LP tender processes, and other liquidity solutions, and also help financial sponsors to raise capital from a global set of LPs.

RELATED: Financial Sponsors Coverage, Private Funds Advisory