HarbourVest Ranked Top Limited Partner by Private Equity International Survey
BOSTON — 17 July 2007 — Private Equity International ranked HarbourVest one of the top limited partners in private equity and named Brooks Zug one of the 50 Most Influential People in Private Equity in the publication’s June issue.Private Equity International's survey of leading private equity firms around the world ranked HarbourVest:
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#1 Global Fund-of-Funds
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In top 5 for Most Sophisticated Investor In Private Equity
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In top 5 for Best Co-Investor
The general partners that participated in the survey cited long-term commitment to the asset class, quick decision making, knowledge of the private equity market, and low staff turnover as the key qualities sought in a limited partner.
“We are honored that top-quality general partners and a leading industry publication have recognized HarbourVest, solidifying our reputation as an innovative and successful fund-of-funds manager and a sought-after limited partner and co-investor,” said Brooks Zug, Senior Managing Director at HarbourVest. “This recognition illustrates our access to top managers in North America, Europe, Asia Pacific, and other markets. The relationships that we have built with investors, general partners, and management teams remain the cornerstone of our success, and we thank all of our partners who have put their trust in us over the past 25 years.”
Private Equity International's editorial staff also named HarbourVest's co-founder and Senior Managing Director Brooks Zug one of the 50 Most Influential People in Global Private Equity today. He and his 49 fellow “global movers” were chosen for their ability to help shape the industry and for their influence on the evolution, modernization, and globalization of the asset class as it emerges more fully into the public domain. Brooks was described by an unnamed European general partner as “decisive, intuitive, and frighteningly intelligent”. While modest with respect to his own position, Brooks is quick to credit his partners at HarbourVest as vital to his abilities and influence. The HarbourVest team's longevity, consistency, and camaraderie are vital to the relationships upon which we rely for our success.
About HarbourVest
HarbourVest Partners, LLC is an independent global private equity investment firm and an SEC registered investment advisor, providing vehicles for institutional investors to invest in the venture capital and buyout markets in the U.S., Europe, and elsewhere through primary partnerships, secondary purchases, and direct investments. HarbourVest and its subsidiaries have 166 employees, including 62 investment professionals deployed in Boston, London, and Hong Kong. In 25 years of investing in private equity, the team has committed more than $15.7 billion to newly formed funds, representing relationships with 200 private equity managers. The team has also completed over $3.8 billion in secondary purchases of partnership interests and invested $2.7 billion directly in operating companies. The firm’s clients consist of 240 institutional investors, including pension funds, endowments, foundations, and financial institutions throughout the U.S., Canada, Europe, Australia, and Japan. To learn more about HarbourVest, visit http://www.harbourvest.com/. This communication has been approved for issue in the United Kingdom by HarbourVest Partners (U.K.) Limited, which is regulated by the Financial Services Authority.