HarbourVest acquires private equity assets of all stages, types, vintages, and geographies, as well as assets that are either ERISA or non-ERISA qualified.  We have completed transactions ranging from less than $10 million to more than $1.0 billion in size with all types of sellers, including financial institutions, corporations, pension plans, governmental entities, endowments, and family offices.  This flexibility enables HarbourVest to offer sellers of private equity comprehensive liquidity solutions.

Investment Selection Process
When evaluating a secondary investment, HarbourVest performs an independent valuation of the portfolio and projects its expected performance in order to make appropriate investment decisions.  The secondary due diligence process includes a bottom-up, company-by-company analysis, as well as an assessment of the fund manager responsible for managing the portfolio and making future investments.  We focus primarily on those companies that will have the largest impact on the overall future performance of the investment. 

The secondary team utilizes portfolio company information obtained from financial reports, any relevant independent reports on portfolio companies, their competitors, and their industries, and interviews with fund managers and portfolio company management teams.  The team also relies on HarbourVest's broader resources — the primary and direct teams and the information tracked in our proprietary partnership database — which provide valuable background and data on managers and portfolio companies.