The HarbourVest Boston Team

David Butts

Principal, Quantitative Investment Sciences


About David

David Butts joined HarbourVest in 2019 and focuses on quantitative research that utilizes the Firm’s proprietary data sets to enhance fundamentally-driven investment processes across the firm.

David joined the Firm from Orbital Capital, a quantitative equity hedge fund where he was a quantitative researcher, portfolio manager and co-founder. Prior to working in financial services, he was an applied physicist and aerospace navigation systems engineer at the Charles Stark Draper Laboratory in Cambridge, Massachusetts.

David received his Ph.D. in Aeronautics and Astronautics from the Massachusetts Institute of Technology and a B.A. (magna cum laude) from Williams College.

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”).