Kline Hill Partners and the Atomico Fund of Funds Portfolio Sale
Sifted reports that Kline Hill Partners (KHP), a secondary private equity firm based in Connecticut, has increasingly positioned itself as a key player in the LP secondaries market. Founded in 2015, the firm specializes in acquiring interests in smaller, less competitive secondary deals across private equity, venture capital, and fund of funds portfolios. KHP’s strategy often involves purchasing positions in hard-to-sell or overlooked funds, benefiting from its deep expertise in complex transactions and its flexible capital structure.
A recent move further highlights KHP’s growing presence in European VC secondaries. As reported by Sifted , Atomico — one of Europe’s leading venture capital firms — has sold a significant portion of its fund of funds portfolio to Kline Hill. This deal includes exposure to some of Europe’s top emerging managers and was executed as Atomico seeks to streamline its strategy and refocus on core direct investments.
This transaction illustrates a broader trend of consolidation and liquidity in the European venture landscape, where secondaries specialists like KHP are stepping in to provide exit opportunities for LPs seeking to rebalance or exit positions in VC funds.
Sources:
• Sifted: Atomico sells VC fund of funds portfolio to secondaries investor Kline Hill
