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HarbourVest Wins Several Private Equity International Awards
Boston — 11 March 2010 — HarbourVest Partners, LLC ("HarbourVest" or the "Firm"), a leading global private equity firm, is pleased to announce that the readers of Private Equity International (PEI) and PrivateEquityOnline.com have named HarbourVest the Best Fund of Funds in North America in 2009. HarbourVest also earned this top honor previously in 2006, 2007, and 2008.The readers also recognized HarbourVest's role in the European Venture Capital Deal of the Year: the acquisition of the 3i portfolio alongside DFJ Esprit and Coller Capital. HarbourVest co-led the purchase of 3i's later stage venture assets, identifying the opportunity and forming a strong syndicate early in order to be well prepared and move efficiently. This venture transaction was also one of the 2009's largest secondary deals.
HarbourVest has also ranked among the top three Fund of Funds in Europe and Secondaries Firms in Europe, as PEI readers recognized our strength across markets and investment strategies. HarbourVest is among a select group of firms shortlisted in a number of categories.
The editors of the Private Equity Annual Review 2009 note that HarbourVest "is ambidextrous enough to engage in many forms of private equity activity where the opportunities present themselves, but steadfast in its belief that one must stay committed to the asset class through all kinds of markets in order to succeed."
About the Private Equity International Awards
Since 2001, Private Equity International magazine, alongside its digital companion PrivateEquityOnline, has conducted an annual poll of readers to find out which private equity and venture capital firms and transactions the industry rates most highly. This year, over 130,000 votes were cast by participants based in more than 50 countries with leading investors as well as fund managers and the advisory community all offering their own particular choices in 71 different categories.
These awards do not necessarily represent investor experience with HarbourVest Partners, LLC or the HarbourVest Funds, nor do they constitute a recommendation of HarbourVest Partners, LLC or its services. These awards are based on surveys that are not limited to investors in HarbourVest Funds and may not have included all of the investors in HarbourVest Funds. These awards are not indicative of HarbourVest's future performance.
About HarbourVest
HarbourVest Partners, LLC is an independent global alternative investment firm and an SEC-registered investment advisor. HarbourVest provides investment programs for institutional investors to invest in venture capital, buyout, mezzanine debt, and distressed debt. HarbourVest invests in these sectors globally through primary partnerships, secondary purchases, and direct investments. HarbourVest and its subsidiaries have 235 employees, including 82 investment professionals deployed in Boston, London, and Hong Kong. In over 28 years of investing in private equity, the team has committed more than $20 billion to newly-formed funds, representing relationships with 200 private equity managers. The team has also completed over $6 billion in secondary purchases and invested $4 billion directly in operating companies. The firm’s clients consist of 300 institutional investors, including pension funds, endowments, foundations, and financial institutions throughout the U.S., Canada, Europe, Australia, and Japan.