Mark O'Hare's Valhalla Ventures Increases Stake in HgCapital Trust Post-Preqin Sale
Mark O'Hare's family office, Valhalla Ventures, has increased its stake in HgCapital Trust to approximately $200 million, controlling 7.2% of the firm. This follows the sale of his company Preqin to BlackRock last year. O'Hare, with a net worth of about $2.2 billion, aims for long-term investment in private markets, focusing on areas like secondaries and private credit.
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Valhalla Ventures, founded by Preqin's Mark O'Hare, has acquired additional shares in HgCapital Trust, raising its stake to 7.2%, valued at about $200 million. This follows O'Hare's sale of Preqin to BlackRock for $3.2 billion last year, after which he served briefly as vice chairman at BlackRock before stepping down.
Valhalla's strategy emphasizes long-term investments in private markets, with about 70% of its portfolio allocated outside public markets. O'Hare has also invested in a UK property tech firm and document-automation platform Avvoka.
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