The HarbourVest Dublin Team

Audrey Behan

Senior Vice President, Chief Risk Officer


About Audrey

Audrey Behan joined HarbourVest in 2019 and has been appointed as Chief Risk Officer.

Prior to joining HarbourVest, Ms Behan worked in asset management in both Ireland and Germany for over 25 years and, most recently, as Head of Risk for Intertrust Alternative Investment Fund Management Ireland providing third party AIFM services for clients in the alternate investment markets (primarily private equity, private debt, loans and real estate). She was part of the executive team that built the AIFM solution from authorisation in 2015 to AUM of approximately €8 billion in 2019 and chaired the risk committee and was a member of the Valuation committee. Ms Behan held an executive directorship for Intertrust Alternative Investment Fund management Ireland and non-executive directorships for several alternative investment funds domiciled in Ireland. Prior to Intertrust, she held the position of Head of Group Collateral at Bank of Ireland Group and was part of their internal stress test team for the 2014 EBA Stress Test. Ms Behan has held senior roles in both fund management and research with responsibilities for investment strategies and performance for global fixed income, equity and multi-currency funds at Bank of Ireland Asset Management. Ms Behan began her career at DWS (Deutsche Asset & Wealth Management) on their international fixed income fund management team, specialising in European high yield and crossover credit.

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”).