The HarbourVest Boston Team

Alicia Novak

Senior Vice President


About Alicia

Alicia Novak joined HarbourVest in 2020 and focuses on all aspects of the Firm’s global regulatory and compliance functions.  Alicia has over 15 years of experience in senior roles focused on regulatory and financial crimes compliance and complex litigation.

Prior to joining HarbourVest, Alicia was Vice President of Compliance and Risk at F-Prime Capital Partners, Fidelity Investments’ venture capital group, specializing in seed and early stage investments in life sciences, healthcare and technology companies. Alicia has also held a number of leadership roles addressing regulatory risk and financial crime prevention, and was Director of Global Sanctions and Anti-Corruption at Fidelity, and Head of Global Sanctions Advisory at Brown Brothers Harriman. She was previously a litigation attorney at Nutter, McClennen & Fish LLP in Boston.

Alicia received a J.D. from the University of Pennsylvania Law School in 2005. She received her B.A., with honors, from Johns Hopkins University in 2002.

Continuation solutions encompass a host of transaction types in which a GP secures interim liquidity and/or additional primary capital for their LPs in a strongly performing asset, or set of assets, that the GP will continue to own and control. Specifically, they include continuation funds, new funds created by GPs for the purpose of acquiring the asset(s) that continue to be managed by the same GP and capitalized by one or several secondary buyers, or equity recapitalizations involving a direct equity or structured equity investment into a portfolio company. These transactions can also include a parallel investment from the GP’s latest fund into that same pool of assets (a “cross-fund trade”).