The HarbourVest London Team

Argy Portokalaki

Vice President


About Argy

Argy Portokalaki joined HarbourVest in 2021 and oversees the tax structuring of EMEA HarbourVest legal entities and portfolios and provides tax transactional support to HarbourVest’s investment teams.  Argy joined the Firm from BlackRock, where she was a Vice President in the alternatives tax team in Europe advising on all tax aspects, including transactions and structuring, of private credit and private equity fund of funds. Prior to BlackRock, Argy was a Senior Tax Manager and part of the business unit tax team at Morgan Stanley, where she was providing advisory support and tax risk management to the equities, fixed income, global capital markets and investment banking divisions in EMEA. Argy started her tax career at the business structuring tax team of EY.  Argy received an LLM from the University of Pennsylvania Carey Law School as well as an LLB and an LLM from the National & Kapodistrian University of Athens, School of Law. Argy is fluent in Greek and French.

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”).