Kline Hill Partners LP / Cendana Capital
Kline Hill and Cendana raise $400 million for second VC secondaries fund
Summary: Kline Hill's public press page says Kline Hill and Cendana raised $400 million for their second VC secondaries fund. Because the accessible page summarizes trade-media reporting, the draft should summarize sparingly, link directly, and avoid relying on any inaccessible underlying article.
Why it matters: A VC secondaries fundraise is relevant to diligence readers monitoring secondaries demand, venture-liquidity channels, manager partnerships, and fund-size discipline across under-covered private-markets advisers.
Summary
Kline Hill’s public press page says Kline Hill and Cendana raised $400 million for their second VC secondaries fund. The page presents the item as coverage of a Secondaries Investor report, so the public copy should stay limited to the facts visible on Kline Hill’s accessible page.
Because this is not a full manager-hosted fund-close release, the article should avoid substantial quotation and should not imply independent 9AT verification of terms beyond the accessible source.
Why it matters
For due-diligence readers, a VC secondaries fundraise can be a useful signal about private-market liquidity demand, venture portfolio rebalancing, and how specialist secondaries managers are positioning around delayed exits. The Kline Hill/Cendana pairing is also relevant for readers tracking adviser partnerships and fund-size discipline.
The update should be framed as source-backed fundraising context, not as a performance claim or allocation recommendation.
Source notes
- Accessible source: https://klinehill.com/kline-hill-and-cendana-raise-400m-for-second-vc-secondaries-fund/
- Public adviser profile, Kline Hill: https://adviserinfo.sec.gov/firm/summary/283283
- Public adviser profile, Cendana: https://adviserinfo.sec.gov/firm/summary/165555
- Source posture: manager-hosted press/coverage page summarizing trade-media reporting; summarize sparingly and avoid substantial quoting or reliance on inaccessible/paywalled text.
- Verifier note: source access, Kline Hill identity, and Cendana role were cleared for drafting with source-rights caution.
9AT filing context
Public ADV/profile context maps Kline Hill Partners LP to CRD 283283 / SEC file 801-110340, with about $11.7 billion in reported regulatory AUM/profile scale, 69 private funds, 50 employees, and public website domain klinehill.com.
Public ADV/profile context maps Cendana Capital to CRD 165555 / SEC file 801-99354, with about $2.4 billion in reported regulatory AUM/profile scale, 24 private funds, 13 employees, and public website domain cendanacapital.com.
Those ADV datapoints are useful for adviser identity and platform context only. They do not prove the reported $400 million fundraise, hard cap, target, or performance.
What to watch
Watch for any direct fund-close release from either manager, updated ADV private-fund reporting, additional VC secondaries partnerships, and future public commentary on venture-liquidity conditions.