HarbourVest evaluates a wide range of private equity investment opportunities—each chosen for portfolio diversification and potential returns. The investment period of each program spans 3 to 5 years, covering a full private equity market cycle and reducing risk through time diversification.
U.S. Fund-of-Funds Programs
For over two decades, our team has built an extensive track record of investing in U.S. partnerships and operating companies. Eight major U.S. programs totaling $16.7 billion in limited partner commitments have been raised and invested by the team.
On an annual basis, we expect to make commitments to approximately 10 venture partnerships, 10 buyout partnerships, and 5 mezzanine or distressed debt partnerships. From 2003-2006, our U.S. fund-of-funds program was diversified as follows:
Europe, Asia, and Emering Markets Fund-of-Funds Programs
Realizing early on that private equity would be a global asset class, we pioneered investing internationally in 1984 with exploratory, opportunistic commitments. Since 1990, our team has created 5 investment programs focused on non-U.S. markets. These programs represent $11.0 billion in limited partner commitments. Today, we focus on evaluating and pursuing investment opportunities in the regions with the most potential. As an early investor in several regions, HarbourVest is positioned as a market leader with a deep experience base.
On an annual basis, we expect to make commitments to approximately 4-5 European buyout partnerships, 6-8 Asia Pacific partnerships, and 2-3 other non-U.S. venture and buyout partnerships. From 2001-2005, our Europe, Asia, and Emerging Markets fund-of-funds program was diversified as follows:
Global Fund Programs
In addition to U.S. fund-of-funds and non-U.S. fund-of-funds programs, we also manage investment programs dedicated to global secondary investments and co-investments. Since our inception, HarbourVest has developed 7 secondary-focused funds and 2 co-investment funds. More >