Kline Hill Partners has promoted Danielle Buccola to chief financial officer. She first joined the private equity secondaries firm in 2016 where she was previously vice president of finance and operations.
GREENWICH, CONN. – February 14, 2022 – Kline Hill Partners, a leading small-deal focused private equity secondaries investment firm, today announced the promotion of Danielle Buccola to Chief Financial Officer. Ms. Buccola joined Kline Hill in 2016, where she previously served as Vice President of Finance and Operations.
The Greenwich, CT-based firm has continued to bolster its ranks over the past six months, making several senior and mid-level hires that reflect its vibrant pace of growth and recent expansion into Europe. Notably, In Q3 of 2021, Elena Laleh joined as a Managing Director to support Kline Hill’s sourcing and investment activities from the firm’s newly established office in Zurich, Switzerland, where she will primarily focus on the Europe/and DACH region.
Ms. Laleh was one of a series of twelve hires in the second half of 2021 that saw Kline Hill add senior and mid-level talent to its finance, operations, and investment teams, bringing total staff to over thirty professionals. The firm has also demonstrated a steadfast commitment to promoting from within – Ms. Buccola being the most recent example.
The promotion of Ms. Buccola and the addition of Ms. Laleh – who will sit on the firm’s GP-led investment committee – will also add to Kline Hill’s roster of women in leadership positions. Last year, the firm promoted Priya Pradhan Karkar, who oversees Kline Hill’s investor relations and business development efforts, to Managing Director.
“We are pleased to recognize the achievements of our talented team and their significant contributions to our firm, and we’re proud to see our women executives be successful as they continue to advance their careers at Kline Hill,” said Michael Bego, Managing Partner at Kline Hill Partners. “We will continue to invest in talent to ensure Kline Hill remains the most reliable and trusted partner for limited partners and general partners who are seeking to fulfill their portfolio management and liquidity objectives.”
The promotions and new hires follow two extraordinarily busy years for Kline Hill Partners. Said Bego, “We sourced over 30 deals on average per week in 2021, closing on over 85 between LP and GP-led secondary transactions, and we expect 2022 to be again a record year for us given Kline Hill’s focus on the historically neglected, small-deal section of the secondary market.”
Kline Hill provides liquidity to sellers in transactions that are often too small for larger secondary funds. The firm’s average transaction size is around $3 million.
“Our team’s expansion is reflective of KHP’s culture of continuous improvement and our strong, steady pace of growth,” said Jared Barlow, Partner at Kline Hill Partners. “Our small-deal focused strategy enables us to be nimble and source compelling transactions from GP and LP sellers of different sizes and across changing market cycles, while generating long-term value creation for our investors.”
According to a recent Jefferies report, 2021 saw record global secondary volume of $132 billion. The investment bank anticipates secondary volume growth to continue in 2022, potentially reaching $150 billion.
About Kline Hill Partners www.klinehill.com
Founded in 2015, Kline Hill Partners is an investment firm focused on the private equity secondary market, with industry-leading capabilities in the small-deal space. We have a deep and experienced team that is committed to working with sellers and general partners to find solutions that best fit their specific needs. With over $2B in assets under management, our funds are backed by a blue-chip investor base that includes endowments, foundations, family offices, and other institutional investors. Since our founding, we have completed more than 300 transactions, transferring over 1,000 fund and direct company interests along the way. Together, our Core and Solutions strategies make up a platform designed to serve the entirety of the small-deal secondary market, with capabilities spanning LP fund transfers, GP-led transactions, and secondary direct transactions.