As an innovator in private equity investment programs, HarbourVest has formed and managed a series of successful fund programs since founding one of the first institutionally-backed, closed-end private equity fund-of-funds in 1982.

As shown below, HarbourVest has raised and invested comprehensive private equity programs with broad coverage of the asset class, as well as focused private equity programs with more concentrated exposure to a particular market or strategy.  

Portfolio Construction
HarbourVest is an active investment manager, handling portfolio construction, due diligence, investment monitoring and reporting, and management details from fund creation to liquidation.  We seek private equity investments in three distinct areas—primary partnerships, secondary interests in partnerships and portfolios, and direct investments in operating companies.  Our team draws upon our years of experience to structure each portfolio, select the investments with the greatest potential for return, and determine appropriate diversification in terms of geography, industry, enterprise value, and stage of development.  The investment period of each program spans 3 to 5 years, covering a full private equity market cycle and reducing risk through time diversification.